Quadrature Capital Ltd decreased its position in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) by 54.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,978 shares of the construction company's stock after selling 4,815 shares during the quarter. Quadrature Capital Ltd's holdings in Dycom Industries were worth $784,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Hsbc Holdings PLC raised its position in shares of Dycom Industries by 193.7% in the 2nd quarter. Hsbc Holdings PLC now owns 7,819 shares of the construction company's stock valued at $1,317,000 after buying an additional 5,157 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Dycom Industries by 2,353.9% during the second quarter. Assenagon Asset Management S.A. now owns 158,988 shares of the construction company's stock valued at $26,831,000 after purchasing an additional 152,509 shares in the last quarter. Whalen Wealth Management Inc. bought a new stake in Dycom Industries during the third quarter worth $773,000. Creative Planning boosted its holdings in shares of Dycom Industries by 19.2% in the 3rd quarter. Creative Planning now owns 6,560 shares of the construction company's stock valued at $1,293,000 after purchasing an additional 1,055 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Dycom Industries by 32.0% in the 2nd quarter. American Century Companies Inc. now owns 17,547 shares of the construction company's stock valued at $2,961,000 after purchasing an additional 4,255 shares during the last quarter. Institutional investors own 98.33% of the company's stock.
Several analysts recently weighed in on DY shares. KeyCorp upped their price objective on Dycom Industries from $200.00 to $227.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Wells Fargo & Company increased their target price on shares of Dycom Industries from $200.00 to $215.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. 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 report on Friday, August 23rd. B. Riley increased 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. Finally, DA Davidson restated a "buy" rating and issued a $210.00 target price on shares of Dycom Industries in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Dycom Industries presently has a consensus rating of "Buy" and an average target price of $206.13.
Check Out Our Latest Analysis on DY
DY stock opened at $192.61 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.93 and a current ratio of 3.12. Dycom Industries, Inc. has a 52-week low of $105.67 and a 52-week high of $207.20. The company has a market capitalization of $5.62 billion, a P/E ratio of 25.34, a PEG ratio of 1.58 and a beta of 1.41. The company has a fifty day moving average price of $187.87 and a 200-day moving average price of $181.80.
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.
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