NFJ Investment Group LLC Has $2.59 Million Stock Position in Dycom Industries, Inc. (NYSE:DY)

NFJ Investment Group LLC lessened its position in shares of Dycom Industries, Inc. (NYSE:DY) by 6.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,133 shares of the construction company’s stock after selling 964 shares during the quarter. NFJ Investment Group LLC’s holdings in Dycom Industries were worth $2,589,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in DY. Hsbc Holdings PLC lifted its position in Dycom Industries by 193.7% during the 2nd quarter. Hsbc Holdings PLC now owns 7,819 shares of the construction company’s stock valued at $1,317,000 after purchasing an additional 5,157 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Dycom Industries by 2,353.9% in 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 buying an additional 152,509 shares during the period. Whalen Wealth Management Inc. bought a new position in Dycom Industries in the third quarter valued at approximately $773,000. Creative Planning grew its holdings in Dycom Industries by 19.2% during the 3rd quarter. Creative Planning now owns 6,560 shares of the construction company’s stock worth $1,293,000 after acquiring an additional 1,055 shares during the period. Finally, American Century Companies Inc. grew its holdings in Dycom Industries by 32.0% during the 2nd quarter. American Century Companies Inc. now owns 17,547 shares of the construction company’s stock worth $2,961,000 after acquiring an additional 4,255 shares during the period. Institutional investors own 98.33% of the company’s stock.

Dycom Industries Price Performance

NYSE DY opened at $190.94 on Wednesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.93 and a current ratio of 3.12. The stock has a market cap of $5.57 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 1.48 and a beta of 1.41. The business has a 50 day simple moving average of $187.85 and a 200 day simple moving average of $181.14. Dycom Industries, Inc. has a 52-week low of $105.67 and a 52-week high of $207.20.

Wall Street Analyst Weigh In

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

Dycom Industries Company 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.