NBC Securities Inc. Raises Stock Position in Dycom Industries, Inc. (NYSE:DY)

NBC Securities Inc. raised its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 304.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,162 shares of the construction company’s stock after buying an additional 15,177 shares during the period. NBC Securities Inc. owned about 0.07% of Dycom Industries worth $3,973,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Virtu Financial LLC bought a new position in Dycom Industries in the fourth quarter valued at about $433,000. Vanguard Group Inc. boosted its holdings in shares of Dycom Industries by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 3,183,646 shares of the construction company’s stock worth $366,406,000 after buying an additional 42,121 shares during the last quarter. Somerset Trust Co grew its position in Dycom Industries by 12.5% during the first quarter. Somerset Trust Co now owns 4,380 shares of the construction company’s stock valued at $629,000 after buying an additional 487 shares during the period. Los Angeles Capital Management LLC increased its holdings in Dycom Industries by 143.5% during the first quarter. Los Angeles Capital Management LLC now owns 8,308 shares of the construction company’s stock valued at $1,192,000 after buying an additional 4,896 shares during the last quarter. Finally, First Bank & Trust increased its holdings in Dycom Industries by 5.7% during the first quarter. First Bank & Trust now owns 2,013 shares of the construction company’s stock valued at $289,000 after buying an additional 108 shares during the last quarter. 98.33% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DY. KeyCorp boosted their price objective on shares of Dycom Industries from $200.00 to $227.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. B. Riley boosted their price target on Dycom Industries from $205.00 to $208.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Wells Fargo & Company upped their price target on Dycom Industries from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. StockNews.com cut Dycom Industries from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Finally, Bank of America increased their target price on shares of Dycom Industries from $198.00 to $204.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $203.43.

Dycom Industries Price Performance

DY traded down $2.81 on Tuesday, hitting $186.04. 31,631 shares of the company’s stock traded hands, compared to its average volume of 274,043. The company’s 50 day simple moving average is $184.97 and its 200-day simple moving average is $169.86. The company has a current ratio of 3.44, a quick ratio of 3.25 and a debt-to-equity ratio of 0.81. Dycom Industries, Inc. has a one year low of $78.42 and a one year high of $199.77. The firm has a market cap of $5.41 billion, a price-to-earnings ratio of 24.34, a P/E/G ratio of 1.57 and a beta of 1.41.

Dycom Industries (NYSE:DY) last released its quarterly earnings data on Wednesday, August 21st. The construction company reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.20. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Dycom Industries had a net margin of 5.37% and a return on equity of 22.28%. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.03 earnings per share. As a group, research analysts anticipate that Dycom Industries, Inc. will post 8.02 EPS for the current year.

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.