American International Group Inc. increased its stake in Dycom Industries, Inc. (NYSE:DY) by 2.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 84,035 shares of the construction company’s stock after buying an additional 2,232 shares during the period. American International Group Inc. owned 0.27% of Dycom Industries worth $7,217,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of DY. Capstone Asset Management Co. lifted its position in Dycom Industries by 3.8% in the 2nd quarter. Capstone Asset Management Co. now owns 2,448 shares of the construction company’s stock valued at $219,000 after acquiring an additional 90 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in Dycom Industries by 4.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 11,460 shares of the construction company’s stock valued at $1,026,000 after acquiring an additional 496 shares in the last quarter. LS Investment Advisors LLC lifted its position in Dycom Industries by 16.0% in the 2nd quarter. LS Investment Advisors LLC now owns 2,439 shares of the construction company’s stock valued at $218,000 after acquiring an additional 337 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in Dycom Industries by 2.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,230 shares of the construction company’s stock valued at $379,000 after acquiring an additional 100 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in Dycom Industries by 2.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 8,100 shares of the construction company’s stock valued at $725,000 after acquiring an additional 200 shares in the last quarter.

Several equities analysts recently issued reports on the company. FBR & Co upped their price objective on Dycom Industries from $98.00 to $112.00 and gave the company a “buy” rating in a research report on Wednesday, August 30th. ValuEngine raised Dycom Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, November 22nd. DA Davidson upped their price objective on Dycom Industries to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, November 21st. Stephens upped their price objective on Dycom Industries from $105.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, November 16th. Finally, Stifel Nicolaus upped their price objective on Dycom Industries from $93.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $109.40.

Dycom Industries, Inc. (DY) opened at $109.41 on Friday. The firm has a market capitalization of $3,321.90, a price-to-earnings ratio of 23.44, a PEG ratio of 2.13 and a beta of 1.37. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.86 and a current ratio of 3.16. Dycom Industries, Inc. has a twelve month low of $70.88 and a twelve month high of $110.64.

Dycom Industries (NYSE:DY) last released its quarterly earnings results on Monday, November 20th. The construction company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.09. The firm had revenue of $756.20 million for the quarter, compared to analysts’ expectations of $729.35 million. Dycom Industries had a return on equity of 22.49% and a net margin of 4.46%. The company’s revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.67 EPS. sell-side analysts predict that Dycom Industries, Inc. will post 4.09 earnings per share for the current fiscal year.

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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.

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

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