NFJ Investment Group LLC Sells 964 Shares of Dycom Industries, Inc. (NYSE:DY)

NFJ Investment Group LLC cut its position in shares of Dycom Industries, Inc. (NYSE:DY) by 6.8% in the third quarter, Holdings Channel reports. The institutional investor owned 13,133 shares of the construction company’s stock after selling 964 shares during the period. NFJ Investment Group LLC’s holdings in Dycom Industries were worth $2,589,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Accent Capital Management LLC bought a new position in shares of Dycom Industries during the 3rd quarter worth approximately $25,000. Annapolis Financial Services LLC acquired a new position in Dycom Industries during the third quarter worth $29,000. Anchor Investment Management LLC grew its position in Dycom Industries by 50.4% in the second quarter. Anchor Investment Management LLC now owns 194 shares of the construction company’s stock valued at $33,000 after purchasing an additional 65 shares in the last quarter. GAMMA Investing LLC increased its stake in Dycom Industries by 107.8% in the 2nd quarter. GAMMA Investing LLC now owns 293 shares of the construction company’s stock valued at $49,000 after buying an additional 152 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its position in Dycom Industries by 25.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 291 shares of the construction company’s stock worth $57,000 after buying an additional 59 shares in the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.

Wall Street Analyst Weigh In

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

Dycom Industries Stock Up 4.5 %

DY opened at $190.94 on Wednesday. The stock’s fifty day simple moving average is $187.85 and its 200 day simple moving average is $181.14. Dycom Industries, Inc. has a 1-year low of $105.67 and a 1-year high of $207.20. The stock has a market cap of $5.57 billion, a PE ratio of 25.12, a price-to-earnings-growth ratio of 1.48 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.

Dycom Industries 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.