1,397 Shares in Dycom Industries, Inc. $DY Acquired by Premier Fund Managers Ltd

Premier Fund Managers Ltd acquired a new stake in Dycom Industries, Inc. (NYSE:DY) during the third quarter, Holdings Channel.com reports. The fund acquired 1,397 shares of the construction company’s stock, valued at approximately $411,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DY. Root Financial Partners LLC acquired a new stake in shares of Dycom Industries in the 3rd quarter valued at $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Dycom Industries during the 2nd quarter worth $32,000. Salomon & Ludwin LLC bought a new stake in shares of Dycom Industries during the 3rd quarter worth $37,000. UMB Bank n.a. lifted its position in shares of Dycom Industries by 57.3% during the 3rd quarter. UMB Bank n.a. now owns 129 shares of the construction company’s stock worth $38,000 after buying an additional 47 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Dycom Industries by 73.1% in the second quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock valued at $39,000 after buying an additional 68 shares in the last quarter. 98.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the company. Wall Street Zen raised Dycom Industries from a “buy” rating to a “strong-buy” rating in a research note on Sunday, February 15th. UBS Group lifted their price target on shares of Dycom Industries from $373.00 to $400.00 and gave the company a “buy” rating in a report on Monday, January 12th. Bank of America upped their price objective on shares of Dycom Industries from $310.00 to $365.00 and gave the stock a “buy” rating in a research report on Friday, November 21st. Wells Fargo & Company raised their target price on shares of Dycom Industries from $315.00 to $360.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. Finally, JPMorgan Chase & Co. upped their price target on shares of Dycom Industries from $370.00 to $395.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Dycom Industries presently has an average rating of “Moderate Buy” and a consensus target price of $395.20.

Insider Activity at Dycom Industries

In related news, Director Eitan Gertel sold 3,645 shares of the business’s stock in a transaction on Friday, January 9th. The shares were sold at an average price of $345.62, for a total value of $1,259,784.90. Following the sale, the director owned 15,997 shares of the company’s stock, valued at $5,528,883.14. The trade was a 18.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 3.72% of the company’s stock.

Dycom Industries Trading Up 2.5%

DY opened at $429.86 on Monday. Dycom Industries, Inc. has a fifty-two week low of $131.37 and a fifty-two week high of $445.52. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.09 and a quick ratio of 2.90. The firm has a market capitalization of $12.45 billion, a price-to-earnings ratio of 42.31, a PEG ratio of 1.89 and a beta of 1.36. The company’s 50 day moving average price is $370.68 and its two-hundred day moving average price is $318.84.

Dycom Industries Profile

Dycom Industries, Inc (NYSE: DY) is a leading provider of specialty contracting services to the telecommunications industry in North America. The company delivers engineering, construction, installation and maintenance solutions for communications infrastructure, supporting a broad range of network technologies and system architectures. Dycom’s services span outside plant construction, cable placement, fiber optic deployment, wireless and wireline network engineering, as well as testing and turn-up services for voice, data and video applications.

Dycom’s customer base includes major telecommunications carriers, cable operators, utility companies and competitive local exchange carriers.