Algert Global LLC Has $3.26 Million Stock Position in Dycom Industries, Inc. (NYSE:DY)

Algert Global LLC lessened its position in shares of Dycom Industries, Inc. (NYSE:DY) by 29.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,559 shares of the construction company’s stock after selling 6,760 shares during the quarter. Algert Global LLC owned about 0.06% of Dycom Industries worth $3,264,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Accent Capital Management LLC acquired a new position in Dycom Industries during the 3rd quarter valued at about $25,000. Annapolis Financial Services LLC acquired a new stake in Dycom Industries during the 3rd quarter worth $29,000. Anchor Investment Management LLC raised its position in shares of Dycom Industries by 50.4% during the 2nd quarter. Anchor Investment Management LLC now owns 194 shares of the construction company’s stock valued at $33,000 after acquiring an additional 65 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Dycom Industries by 25.4% in the 3rd quarter. First Horizon Advisors Inc. now owns 291 shares of the construction company’s stock valued at $57,000 after purchasing an additional 59 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Dycom Industries by 107.8% in the 2nd quarter. GAMMA Investing LLC now owns 293 shares of the construction company’s stock worth $49,000 after purchasing an additional 152 shares during the last quarter. Institutional investors own 98.33% of the company’s stock.

Analyst Upgrades and Downgrades

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

Dycom Industries Price Performance

NYSE:DY opened at $181.58 on Tuesday. The stock has a market capitalization of $5.30 billion, a PE ratio of 23.89, a P/E/G ratio of 1.47 and a beta of 1.44. Dycom Industries, Inc. has a 1-year low of $99.54 and a 1-year high of $207.20. The firm has a fifty day simple moving average of $189.27 and a 200 day simple moving average of $179.51. 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.