Prudential Financial Inc. boosted its position in Dycom Industries, Inc. (NYSE:DY) by 7.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,190 shares of the construction company’s stock after buying an additional 1,410 shares during the period. Prudential Financial Inc. owned approximately 0.07% of Dycom Industries worth $1,970,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new position in Dycom Industries during the fourth quarter worth approximately $3,693,000. Comerica Bank boosted its position in Dycom Industries by 5.7% in the fourth quarter. Comerica Bank now owns 23,625 shares of the construction company’s stock worth $1,889,000 after buying an additional 1,281 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in Dycom Industries by 108.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,787 shares of the construction company’s stock worth $303,000 after buying an additional 1,970 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in Dycom Industries by 9.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 5,380 shares of the construction company’s stock worth $432,000 after buying an additional 460 shares in the last quarter. Finally, Numeric Investors LLC bought a new position in Dycom Industries during the fourth quarter worth approximately $265,000.

Shares of Dycom Industries, Inc. (DY) traded down 0.41% on Friday, reaching $84.21. 660,809 shares of the company’s stock traded hands. Dycom Industries, Inc. has a 12-month low of $70.33 and a 12-month high of $110.64. The stock has a 50-day moving average of $90.07 and a 200 day moving average of $91.52. The firm has a market cap of $2.62 billion, a P/E ratio of 16.56 and a beta of 1.18.

Dycom Industries (NYSE:DY) last posted its quarterly earnings results on Wednesday, May 24th. The construction company reported $1.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.11. Dycom Industries had a return on equity of 28.96% and a net margin of 5.30%. The firm had revenue of $786.30 million for the quarter, compared to the consensus estimate of $736.20 million. During the same period in the previous year, the business earned $1.08 earnings per share. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. On average, equities research analysts expect that Dycom Industries, Inc. will post $5.23 earnings per share for the current year.

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DY has been the subject of a number of research reports. Canaccord Genuity reissued a “buy” rating and issued a $52.00 price target on shares of Dycom Industries in a research note on Thursday, May 25th. ValuEngine raised shares of Dycom Industries from a “hold” rating to a “buy” rating in a research note on Thursday, May 25th. BidaskClub raised shares of Dycom Industries from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $120.00 price objective (up previously from $112.00) on shares of Dycom Industries in a research note on Saturday, April 22nd. Finally, Zacks Investment Research raised shares of Dycom Industries from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a research note on Tuesday, May 16th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $102.09.

Dycom Industries Company 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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