Falcon Point Capital LLC boosted its holdings in shares of Dycom Industries, Inc. (NYSE:DY) by 42.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 42,028 shares of the construction company’s stock after acquiring an additional 12,500 shares during the period. Falcon Point Capital LLC owned 0.13% of Dycom Industries worth $2,475,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Parallel Advisors LLC increased its position in Dycom Industries by 262.2% in the 1st quarter. Parallel Advisors LLC now owns 815 shares of the construction company’s stock valued at $37,000 after acquiring an additional 590 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of Dycom Industries by 24.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 1,476 shares of the construction company’s stock worth $80,000 after buying an additional 288 shares during the period. Pearl River Capital LLC acquired a new stake in Dycom Industries in the first quarter worth $138,000. SG Americas Securities LLC acquired a new stake in Dycom Industries in the first quarter worth $165,000. Finally, MBM Wealth Consultants LLC grew its holdings in Dycom Industries by 24.2% in the first quarter. MBM Wealth Consultants LLC now owns 3,794 shares of the construction company’s stock worth $174,000 after purchasing an additional 739 shares during the period. 91.38% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:DY opened at $41.88 on Friday. Dycom Industries, Inc. has a 12 month low of $41.41 and a 12 month high of $85.65. The stock has a market cap of $1.49 billion, a P/E ratio of 15.06, a P/E/G ratio of 2.46 and a beta of 1.31. The company has a current ratio of 3.45, a quick ratio of 3.14 and a debt-to-equity ratio of 1.11. The company has a 50 day moving average of $54.16 and a 200 day moving average of $52.52.
Dycom Industries (NYSE:DY) last announced its quarterly earnings data on Tuesday, May 21st. The construction company reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.10. Dycom Industries had a net margin of 1.86% and a return on equity of 10.52%. The firm had revenue of $883.70 million during the quarter, compared to analyst estimates of $771.90 million. During the same period in the previous year, the business posted $0.65 EPS. The business’s quarterly revenue was up 20.8% on a year-over-year basis. On average, equities analysts forecast that Dycom Industries, Inc. will post 2.57 earnings per share for the current fiscal year.
A number of equities research analysts have commented on the stock. Canaccord Genuity reduced their price target on shares of Dycom Industries from $68.00 to $64.00 and set a “buy” rating for the company in a report on Wednesday, May 22nd. They noted that the move was a valuation call. Wells Fargo & Co raised their price target on shares of Dycom Industries from $50.00 to $63.00 and gave the company an “outperform” rating in a research report on Wednesday, May 22nd. They noted that the move was a valuation call. Craig Hallum reissued an “in-line” rating and set a $65.00 price target (up from $51.00) on shares of Dycom Industries in a research report on Wednesday, May 22nd. B. Riley raised their price target on shares of Dycom Industries from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. Finally, Deutsche Bank raised their price objective on shares of Dycom Industries from $54.00 to $62.00 and gave the stock a “buy” rating in a report on Wednesday, May 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. Dycom Industries presently has an average rating of “Hold” and a consensus target price of $62.13.
About Dycom Industries
Dycom Industries, Inc provides specialty contracting services in the United States. The company offers various specialty contracting services, including program management, engineering, construction, maintenance, and installation services, such as placement and splicing of fiber, copper, and coaxial cables to telecommunications providers.
Read More: What is the operating income formula?
Receive News & Ratings for Dycom Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dycom Industries and related companies with MarketBeat.com's FREE daily email newsletter.