Public Employees Retirement System of Ohio increased its position in Dycom Industries, Inc. (NYSE:DY) by 6.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,298 shares of the construction company’s stock after acquiring an additional 80 shares during the period. Public Employees Retirement System of Ohio’s holdings in Dycom Industries were worth $116,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Pacad Investment Ltd. grew its position in Dycom Industries by 71.4% in the 2nd quarter. Pacad Investment Ltd. now owns 1,200 shares of the construction company’s stock valued at $107,000 after buying an additional 500 shares in the last quarter. Riverhead Capital Management LLC grew its position in Dycom Industries by 96.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,764 shares of the construction company’s stock valued at $158,000 after buying an additional 864 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Dycom Industries by 257.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,146 shares of the construction company’s stock valued at $192,000 after buying an additional 1,546 shares in the last quarter. Sigma Planning Corp bought a new position in Dycom Industries in the 2nd quarter valued at about $211,000. Finally, Shelton Capital Management bought a new position in Dycom Industries in the 2nd quarter valued at about $215,000.

Dycom Industries, Inc. (NYSE DY) opened at $90.04 on Monday. Dycom Industries, Inc. has a fifty-two week low of $70.33 and a fifty-two week high of $110.64. The company has a market cap of $2,801.04, a PE ratio of 17.12, a price-to-earnings-growth ratio of 1.68 and a beta of 1.27. The company has a quick ratio of 2.69, a current ratio of 2.95 and a debt-to-equity ratio of 1.10.

Dycom Industries (NYSE:DY) last announced its earnings results on Wednesday, August 30th. The construction company reported $1.47 EPS for the quarter, topping the 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 during the quarter, compared to analysts’ expectations of $798.62 million. During the same period last year, the company posted $1.64 earnings per share. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. sell-side analysts predict that Dycom Industries, Inc. will post 4.35 EPS for the current year.

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Several research firms have recently weighed in on DY. BidaskClub lowered shares of Dycom Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. KeyCorp upgraded shares of Dycom Industries from a “sector weight” rating to an “overweight” rating and set a $87.00 price objective for the company in a research report on Wednesday, August 30th. FBR & Co raised their price objective on shares of Dycom Industries from $98.00 to $112.00 and gave the company a “buy” rating in a research report on Wednesday, August 30th. Craig Hallum restated a “buy” rating and set a $90.00 price objective (down previously from $115.00) on shares of Dycom Industries in a research report on Thursday, August 31st. They noted that the move was a valuation call. Finally, Canaccord Genuity reduced their price objective on shares of Dycom Industries from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, August 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $104.11.

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.

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

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