Cwm LLC Purchases 181 Shares of Dycom Industries, Inc. (NYSE:DY)

Cwm LLC raised its position in shares of Dycom Industries, Inc. (NYSE:DY) by 51.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 531 shares of the construction company’s stock after purchasing an additional 181 shares during the quarter. Cwm LLC’s holdings in Dycom Industries were worth $105,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Dycom Industries by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 3,183,646 shares of the construction company’s stock valued at $366,406,000 after acquiring an additional 42,121 shares during the last quarter. First Bank & Trust raised its position in Dycom Industries by 5.7% during the 1st quarter. First Bank & Trust now owns 2,013 shares of the construction company’s stock valued at $289,000 after purchasing an additional 108 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Dycom Industries in the 1st quarter worth approximately $28,000. Commonwealth Equity Services LLC grew its position in shares of Dycom Industries by 4.2% in the 1st quarter. Commonwealth Equity Services LLC now owns 4,201 shares of the construction company’s stock worth $603,000 after buying an additional 168 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Dycom Industries by 33.1% in the 1st quarter. BNP Paribas Financial Markets now owns 32,256 shares of the construction company’s stock worth $4,630,000 after buying an additional 8,028 shares during the last quarter. Institutional investors own 98.33% of the company’s stock.

Dycom Industries Trading Down 1.7 %

Shares of NYSE DY opened at $192.02 on Friday. Dycom Industries, Inc. has a 1 year low of $78.42 and a 1 year high of $207.20. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.44 and a quick ratio of 3.25. The firm has a 50-day moving average of $186.98 and a 200 day moving average of $172.89. The stock has a market cap of $5.59 billion, a P/E ratio of 24.74, a price-to-earnings-growth ratio of 1.57 and a beta of 1.41.

Dycom Industries (NYSE:DY) last released its earnings results 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 during the quarter, compared to analyst estimates of $1.20 billion. Dycom Industries had a net margin of 5.37% and a return on equity of 22.28%. The business’s revenue was up 15.5% on a year-over-year basis. During the same period last year, the business earned $2.03 earnings per share. As a group, sell-side analysts expect that Dycom Industries, Inc. will post 8.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. B. Riley raised their price target on Dycom Industries from $205.00 to $208.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. KeyCorp raised their target price on shares of Dycom Industries from $200.00 to $227.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. 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. Wells Fargo & Company increased their price target on shares of Dycom Industries from $185.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. Finally, StockNews.com cut Dycom Industries from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $203.43.

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.