Schwab Charles Investment Management Inc. increased its holdings in shares of Dycom Industries, Inc. (NYSE:DY) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 167,106 shares of the construction company’s stock after acquiring an additional 309 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.54% of Dycom Industries worth $14,960,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Hodges Capital Management Inc. raised its stake in Dycom Industries by 58.4% during the second quarter. Hodges Capital Management Inc. now owns 43,550 shares of the construction company’s stock worth $3,899,000 after purchasing an additional 16,050 shares during the period. Callahan Advisors LLC raised its stake in Dycom Industries by 13.7% during the second quarter. Callahan Advisors LLC now owns 57,560 shares of the construction company’s stock worth $5,153,000 after purchasing an additional 6,955 shares during the period. Emerald Mutual Fund Advisers Trust raised its stake in Dycom Industries by 1.2% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 282,048 shares of the construction company’s stock worth $25,249,000 after purchasing an additional 3,381 shares during the period. Moody Aldrich Partners LLC raised its stake in Dycom Industries by 31.3% during the second quarter. Moody Aldrich Partners LLC now owns 8,450 shares of the construction company’s stock worth $756,000 after purchasing an additional 2,015 shares during the period. Finally, Suffolk Capital Management LLC purchased a new position in Dycom Industries during the second quarter worth about $1,666,000.

A number of equities analysts have commented on the stock. FBR & Co reaffirmed an “outperform” rating on shares of Dycom Industries in a research note on Monday, June 19th. BidaskClub downgraded shares of Dycom Industries from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. ValuEngine downgraded shares of Dycom Industries from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. KeyCorp raised shares of Dycom Industries from a “sector weight” rating to an “overweight” rating and set a $87.00 target price on the stock in a research note on Wednesday, August 30th. Finally, Canaccord Genuity reduced their target price on shares of Dycom Industries from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $105.29.

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Shares of Dycom Industries, Inc. (DY) opened at 81.23 on Tuesday. Dycom Industries, Inc. has a 1-year low of $70.33 and a 1-year high of $110.64. The stock has a 50 day moving average of $81.24 and a 200-day moving average of $91.40. The stock has a market capitalization of $2.53 billion, a P/E ratio of 16.51 and a beta of 1.26.

Dycom Industries (NYSE:DY) last released its quarterly earnings results on Wednesday, August 30th. The construction company reported $1.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.03. Dycom Industries had a net margin of 5.13% and a return on equity of 26.68%. The company had revenue of $780.20 million for the quarter, compared to analysts’ expectations of $798.62 million. During the same period last year, the company earned $1.64 EPS. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. Equities research analysts predict that Dycom Industries, Inc. will post $4.37 earnings per share for the current fiscal year.

Dycom Industries Profile

Dycom Industries, Inc is a provider of specialty contracting services throughout the United States and in Canada. The Company, through its subsidiaries, provides program management, engineering, construction, maintenance and installation services for telecommunications providers, underground facility locating services for various utilities, including telecommunications providers, and other construction and maintenance services for electric and gas utilities.

Institutional Ownership by Quarter for Dycom Industries (NYSE:DY)

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