Intech Investment Management LLC Buys 4,616 Shares of Dycom Industries, Inc. $DY

Intech Investment Management LLC grew its position in shares of Dycom Industries, Inc. (NYSE:DY) by 6.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 73,305 shares of the construction company’s stock after purchasing an additional 4,616 shares during the quarter. Intech Investment Management LLC owned about 0.25% of Dycom Industries worth $21,387,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Archer Investment Corp grew its stake in Dycom Industries by 6.2% during the second quarter. Archer Investment Corp now owns 690 shares of the construction company’s stock worth $169,000 after purchasing an additional 40 shares during the period. Optiver Holding B.V. lifted its stake in Dycom Industries by 57.1% in the third quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock valued at $32,000 after buying an additional 40 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of Dycom Industries by 1.0% during the 2nd quarter. Quadrant Capital Group LLC now owns 4,492 shares of the construction company’s stock worth $1,098,000 after buying an additional 46 shares in the last quarter. UMB Bank n.a. grew its position in shares of Dycom Industries by 57.3% during the 3rd quarter. UMB Bank n.a. now owns 129 shares of the construction company’s stock worth $38,000 after buying an additional 47 shares during the period. Finally, Bessemer Group Inc. increased its stake in shares of Dycom Industries by 48.5% in the 3rd quarter. Bessemer Group Inc. now owns 150 shares of the construction company’s stock valued at $43,000 after acquiring an additional 49 shares in the last quarter. 98.33% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Eitan Gertel sold 3,645 shares of the company’s stock in a transaction on Friday, January 9th. The shares were sold at an average price of $345.62, for a total value of $1,259,784.90. Following the completion of the sale, the director owned 15,997 shares in the company, valued at $5,528,883.14. This represents a 18.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.72% of the stock is currently owned by insiders.

Dycom Industries Stock Performance

Shares of Dycom Industries stock opened at $424.14 on Thursday. The company has a market cap of $12.28 billion, a PE ratio of 41.75, a price-to-earnings-growth ratio of 1.88 and a beta of 1.36. The company has a quick ratio of 2.90, a current ratio of 3.09 and a debt-to-equity ratio of 0.62. Dycom Industries, Inc. has a 52 week low of $131.37 and a 52 week high of $445.52. The business has a 50 day moving average price of $375.36 and a 200-day moving average price of $321.64.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Vertical Research assumed coverage on shares of Dycom Industries in a research report on Tuesday, December 23rd. They set a “buy” rating and a $420.00 target price on the stock. Zacks Research downgraded shares of Dycom Industries from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. Guggenheim started coverage on shares of Dycom Industries in a report on Thursday, January 22nd. They set a “buy” rating and a $510.00 price objective on the stock. KeyCorp restated an “overweight” rating on shares of Dycom Industries in a research note on Tuesday, January 27th. Finally, Wall Street Zen raised Dycom Industries from a “buy” rating to a “strong-buy” rating in a research report on Sunday, February 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $406.20.

Dycom Industries Profile

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.