Natixis Advisors L.P. boosted its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,728 shares of the construction company’s stock after purchasing an additional 958 shares during the quarter. Natixis Advisors L.P.’s holdings in Dycom Industries were worth $1,228,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Dycom Industries by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 2,700,090 shares of the construction company’s stock valued at $228,428,000 after purchasing an additional 57,686 shares during the period. Vanguard Group Inc increased its position in Dycom Industries by 2.2% during the 3rd quarter. Vanguard Group Inc now owns 2,700,090 shares of the construction company’s stock valued at $228,428,000 after purchasing an additional 57,686 shares during the period. Dimensional Fund Advisors LP increased its position in Dycom Industries by 11.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,021,937 shares of the construction company’s stock valued at $55,223,000 after purchasing an additional 106,585 shares during the period. Schroder Investment Management Group increased its position in Dycom Industries by 29.0% during the 3rd quarter. Schroder Investment Management Group now owns 927,539 shares of the construction company’s stock valued at $78,470,000 after purchasing an additional 208,636 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in shares of Dycom Industries by 7.4% during the 3rd quarter. Fifth Third Bancorp now owns 344,586 shares of the construction company’s stock worth $29,152,000 after buying an additional 23,729 shares in the last quarter. 94.78% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded Dycom Industries from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Craig Hallum upgraded Dycom Industries from a “hold” rating to a “buy” rating in a report on Thursday, December 13th. ValuEngine cut Dycom Industries from a “hold” rating to a “sell” rating in a report on Thursday, January 24th. Stephens cut their price target on Dycom Industries from $130.00 to $57.00 and set an “overweight” rating on the stock in a report on Monday, March 4th. Finally, Canaccord Genuity cut their price target on Dycom Industries from $84.00 to $68.00 and set a “buy” rating on the stock in a report on Thursday, February 28th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $76.80.

NYSE DY opened at $46.94 on Monday. The firm has a market capitalization of $1.48 billion, a P/E ratio of 16.88, a P/E/G ratio of 2.82 and a beta of 1.44. Dycom Industries, Inc. has a 12 month low of $41.78 and a 12 month high of $117.40. The company has a quick ratio of 3.52, a current ratio of 3.85 and a debt-to-equity ratio of 1.08.

Dycom Industries (NYSE:DY) last released its quarterly earnings results on Wednesday, February 27th. The construction company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.06). Dycom Industries had a net margin of 2.01% and a return on equity of 11.24%. The company had revenue of $748.62 million during the quarter, compared to analysts’ expectations of $719.25 million. During the same period in the previous year, the company posted $0.12 earnings per share. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. Equities analysts expect that Dycom Industries, Inc. will post 2.56 EPS for the current year.

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Dycom Industries Profile

Dycom Industries, Inc provides specialty contracting services in the United States and Canada. The company offers various specialty contracting services, including program management, engineering, construction, maintenance, and installation services, such as placement and splicing of fiber, copper, and coaxial cables to telecommunications providers.

Further Reading: Return on Investment (ROI) Defined, Explained

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

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