Dycom Industries, Inc. (NYSE:DY) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in Dycom Industries, Inc. (NYSE:DY) by 1.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 650,883 shares of the construction company’s stock after acquiring an additional 9,113 shares during the quarter. Geode Capital Management LLC’s holdings in Dycom Industries were worth $128,315,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC grew its stake in shares of Dycom Industries by 279.0% during the third quarter. Barclays PLC now owns 57,923 shares of the construction company’s stock worth $11,419,000 after purchasing an additional 42,641 shares in the last quarter. Legacy Investment Solutions LLC purchased a new position in shares of Dycom Industries during the third quarter worth approximately $28,000. Kensington Investment Counsel LLC purchased a new position in Dycom Industries during the 3rd quarter worth $216,000. Castleark Management LLC acquired a new position in Dycom Industries in the 3rd quarter valued at about $7,269,000. Finally, State Street Corp increased its holdings in shares of Dycom Industries by 4.0% in the third quarter. State Street Corp now owns 1,158,585 shares of the construction company’s stock valued at $228,357,000 after purchasing an additional 44,321 shares during the period. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

Dycom Industries Trading Down 1.5 %

Dycom Industries stock opened at $177.05 on Wednesday. The stock has a 50-day moving average price of $186.53 and a 200 day moving average price of $181.93. Dycom Industries, Inc. has a 52 week low of $107.53 and a 52 week high of $207.20. The stock has a market cap of $5.17 billion, a PE ratio of 23.29, a P/E/G ratio of 1.45 and a beta of 1.41. The company has a current ratio of 3.12, a quick ratio of 2.93 and a debt-to-equity ratio of 0.89.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DY. Wells Fargo & Company boosted their price target on shares of Dycom Industries from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. DA Davidson reaffirmed a “buy” rating and set a $210.00 price target on shares of Dycom Industries in a research note on Tuesday, November 19th. B. Riley raised their price objective on shares of Dycom Industries from $205.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. KeyCorp upped their target price on shares of Dycom Industries from $200.00 to $227.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Finally, Bank of America lifted their price target on shares of Dycom Industries from $198.00 to $204.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $206.13.

Dycom Industries Company Profile

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.