O Neil Global Advisors Inc. Purchases 2,565 Shares of Dycom Industries, Inc. $DY

O Neil Global Advisors Inc. boosted its position in Dycom Industries, Inc. (NYSE:DY) by 86.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,523 shares of the construction company’s stock after acquiring an additional 2,565 shares during the period. Dycom Industries accounts for about 0.3% of O Neil Global Advisors Inc.’s holdings, making the stock its 29th biggest position. O Neil Global Advisors Inc.’s holdings in Dycom Industries were worth $1,611,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Bornite Capital Management LP acquired a new position in shares of Dycom Industries during the third quarter worth approximately $43,764,000. Arrowstreet Capital Limited Partnership bought a new stake in Dycom Industries during the 2nd quarter valued at $34,671,000. Voya Investment Management LLC raised its holdings in Dycom Industries by 92.6% during the third quarter. Voya Investment Management LLC now owns 237,576 shares of the construction company’s stock worth $69,315,000 after buying an additional 114,235 shares during the last quarter. Peconic Partners LLC lifted its stake in shares of Dycom Industries by 2.8% in the second quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock valued at $933,038,000 after buying an additional 105,586 shares in the last quarter. Finally, WCM Investment Management LLC acquired a new position in shares of Dycom Industries during the third quarter valued at about $15,744,000. Institutional investors own 98.33% of the company’s stock.

Dycom Industries Stock Up 2.5%

Shares of NYSE:DY opened at $429.86 on Monday. Dycom Industries, Inc. has a 1 year low of $131.37 and a 1 year high of $445.52. The company has a market capitalization of $12.45 billion, a PE ratio of 42.31, a price-to-earnings-growth ratio of 1.89 and a beta of 1.36. The business has a fifty day moving average price of $370.68 and a two-hundred day moving average price of $318.84. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.09 and a quick ratio of 2.90.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on DY shares. Wells Fargo & Company upped their target price on shares of Dycom Industries from $315.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Guggenheim initiated coverage on Dycom Industries in a report on Thursday, January 22nd. They issued a “buy” rating and a $510.00 target price on the stock. KeyCorp reaffirmed an “overweight” rating on shares of Dycom Industries in a research report on Tuesday, January 27th. UBS Group increased their price target on Dycom Industries from $373.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Finally, B. Riley Financial upped their target price on shares of Dycom Industries from $320.00 to $420.00 and gave the stock a “buy” rating in a research note on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $395.20.

Insiders Place Their Bets

In related news, Director Eitan Gertel sold 3,645 shares of the firm’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $345.62, for a total transaction of $1,259,784.90. Following the completion of the sale, the director owned 15,997 shares in the company, valued at approximately $5,528,883.14. This trade represents a 18.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 3.72% of the company’s stock.

About Dycom Industries

Dycom Industries, Inc (NYSE: DY) is a leading provider of specialty contracting services to the telecommunications industry in North America. The company delivers engineering, construction, installation and maintenance solutions for communications infrastructure, supporting a broad range of network technologies and system architectures. Dycom’s services span outside plant construction, cable placement, fiber optic deployment, wireless and wireline network engineering, as well as testing and turn-up services for voice, data and video applications.

Dycom’s customer base includes major telecommunications carriers, cable operators, utility companies and competitive local exchange carriers.