Dycom Industries, Inc. (NYSE:DY) Shares Bought by Barclays PLC

Barclays PLC increased its holdings in Dycom Industries, Inc. (NYSE:DY) by 279.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 57,923 shares of the construction company’s stock after purchasing an additional 42,641 shares during the quarter. Barclays PLC’s holdings in Dycom Industries were worth $11,419,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DY. Millennium Management LLC raised its stake in shares of Dycom Industries by 6.3% during the 2nd quarter. Millennium Management LLC now owns 1,631,453 shares of the construction company’s stock worth $275,324,000 after buying an additional 96,846 shares during the period. State Street Corp lifted its holdings in Dycom Industries by 4.0% during the third quarter. State Street Corp now owns 1,158,585 shares of the construction company’s stock valued at $228,357,000 after purchasing an additional 44,321 shares in the last quarter. FMR LLC grew its position in shares of Dycom Industries by 2.4% in the third quarter. FMR LLC now owns 772,666 shares of the construction company’s stock valued at $152,292,000 after purchasing an additional 17,862 shares during the period. Hill City Capital LP increased its stake in shares of Dycom Industries by 2.3% during the third quarter. Hill City Capital LP now owns 679,784 shares of the construction company’s stock worth $133,985,000 after purchasing an additional 15,000 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Dycom Industries by 4.3% during the 3rd quarter. Principal Financial Group Inc. now owns 666,051 shares of the construction company’s stock worth $131,278,000 after purchasing an additional 27,370 shares during the last quarter. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Dycom Industries Stock Up 0.2 %

Dycom Industries stock opened at $179.78 on Tuesday. 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 firm has a 50 day moving average price of $186.53 and a 200 day moving average price of $181.93. Dycom Industries, Inc. has a fifty-two week low of $107.53 and a fifty-two week high of $207.20. The company has a market capitalization of $5.25 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 1.45 and a beta of 1.41.

Analyst Ratings Changes

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