Eagle Asset Management Inc. Purchases New Holdings in Dycom Industries, Inc. (NYSE:DY)

Eagle Asset Management Inc. purchased a new position in shares of Dycom Industries, Inc. (NYSE:DY) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 69,312 shares of the construction company’s stock, valued at approximately $13,144,000. Eagle Asset Management Inc. owned 0.24% of Dycom Industries at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in DY. Vanguard Group Inc. increased its holdings in Dycom Industries by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 3,196,041 shares of the construction company’s stock worth $458,728,000 after purchasing an additional 12,395 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new stake in Dycom Industries in the 1st quarter valued at approximately $250,000. CANADA LIFE ASSURANCE Co boosted its position in Dycom Industries by 7.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 25,582 shares of the construction company’s stock worth $3,672,000 after acquiring an additional 1,860 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Dycom Industries by 4.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,770 shares of the construction company’s stock worth $3,269,000 after acquiring an additional 1,052 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of Dycom Industries by 168.5% in the first quarter. Janus Henderson Group PLC now owns 36,835 shares of the construction company’s stock valued at $5,287,000 after purchasing an additional 23,117 shares during the last quarter. Institutional investors own 98.33% of the company’s stock.

Dycom Industries Price Performance

NYSE:DY opened at $180.30 on Friday. The firm’s fifty day moving average price is $189.27 and its two-hundred day moving average price is $179.07. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.12 and a quick ratio of 3.25. The company has a market cap of $5.25 billion, a P/E ratio of 23.72, a P/E/G ratio of 1.52 and a beta of 1.44. Dycom Industries, Inc. has a one year low of $99.54 and a one year high of $207.20.

Dycom Industries (NYSE:DY) last issued its quarterly earnings data on Wednesday, August 21st. The construction company reported $2.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.20. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Dycom Industries had a return on equity of 20.99% and a net margin of 4.91%. The business’s revenue was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.03 earnings per share. Equities analysts expect that Dycom Industries, Inc. will post 7.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.