Algert Global LLC Has $3.94 Million Position in Dycom Industries, Inc. (NYSE:DY)

Algert Global LLC grew its holdings in shares of Dycom Industries, Inc. (NYSE:DY) by 6.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,319 shares of the construction company’s stock after acquiring an additional 1,379 shares during the period. Algert Global LLC owned 0.08% of Dycom Industries worth $3,935,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of DY. Allspring Global Investments Holdings LLC bought a new position in Dycom Industries in the 1st quarter valued at about $28,000. GAMMA Investing LLC grew its stake in Dycom Industries by 107.8% in the 2nd quarter. GAMMA Investing LLC now owns 293 shares of the construction company’s stock valued at $49,000 after buying an additional 152 shares in the last quarter. SJS Investment Consulting Inc. boosted its holdings in Dycom Industries by 5,071.4% in the 2nd quarter. SJS Investment Consulting Inc. now owns 362 shares of the construction company’s stock valued at $61,000 after purchasing an additional 355 shares during the period. Signaturefd LLC boosted its holdings in Dycom Industries by 196.7% in the 2nd quarter. Signaturefd LLC now owns 359 shares of the construction company’s stock valued at $61,000 after purchasing an additional 238 shares during the period. Finally, Headlands Technologies LLC bought a new position in Dycom Industries in the 1st quarter valued at $72,000. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Dycom Industries Trading Up 2.2 %

Shares of NYSE DY opened at $197.10 on Tuesday. The firm’s 50 day moving average price is $182.32 and its 200-day moving average price is $166.49. The company has a market cap of $5.73 billion, a PE ratio of 25.40, a P/E/G ratio of 2.09 and a beta of 1.41. Dycom Industries, Inc. has a 52-week low of $78.42 and a 52-week high of $199.77. The company has a debt-to-equity ratio of 0.81, a quick ratio of 3.25 and a current ratio of 3.44.

Dycom Industries (NYSE:DY) last issued its earnings results on Wednesday, August 21st. The construction company reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.20. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm posted $2.03 earnings per share. On average, equities research analysts expect that Dycom Industries, Inc. will post 8.02 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of Dycom Industries from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. KeyCorp boosted their price target on shares of Dycom Industries from $195.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Bank of America boosted their price objective 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. 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 research report on Thursday, August 22nd. Finally, StockNews.com cut shares of Dycom Industries from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Dycom Industries presently has a consensus rating of “Buy” and an average target price of $199.57.

Insider Activity at Dycom Industries

In other Dycom Industries news, VP Jason T. Lawson sold 856 shares of Dycom Industries stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $174.48, for a total value of $149,354.88. Following the completion of the sale, the vice president now owns 6,937 shares of the company’s stock, valued at approximately $1,210,367.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 4.28% of the stock is owned by insiders.

About Dycom Industries

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.