EFG International AG Acquires New Shares in Dycom Industries, Inc. $DY

EFG International AG acquired a new position in shares of Dycom Industries, Inc. (NYSE:DY) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,861 shares of the construction company’s stock, valued at approximately $4,991,000.

Several other large investors have also added to or reduced their stakes in the stock. &PARTNERS increased its position in shares of Dycom Industries by 2.5% during the fourth quarter. &PARTNERS now owns 1,053 shares of the construction company’s stock valued at $356,000 after buying an additional 26 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Dycom Industries by 17.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the construction company’s stock valued at $69,000 after acquiring an additional 30 shares during the period. Legacy Wealth Managment LLC ID boosted its position in shares of Dycom Industries by 30.4% in the first quarter. Legacy Wealth Managment LLC ID now owns 150 shares of the construction company’s stock valued at $51,000 after acquiring an additional 35 shares during the period. Osaic Holdings Inc. grew its stake in Dycom Industries by 1.7% during the fourth quarter. Osaic Holdings Inc. now owns 2,062 shares of the construction company’s stock valued at $697,000 after acquiring an additional 35 shares in the last quarter. Finally, CWM LLC increased its holdings in Dycom Industries by 1.9% during the 4th quarter. CWM LLC now owns 1,956 shares of the construction company’s stock worth $661,000 after acquiring an additional 36 shares during the period. Institutional investors own 98.33% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Wells Fargo & Company increased their target price on shares of Dycom Industries from $500.00 to $650.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Cantor Fitzgerald boosted their price target on shares of Dycom Industries from $436.00 to $654.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. B. Riley Financial upped their price target on shares of Dycom Industries from $485.00 to $625.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Guggenheim lifted their price objective on Dycom Industries from $575.00 to $620.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Finally, Zacks Research lowered Dycom Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Eleven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Dycom Industries currently has an average rating of “Moderate Buy” and a consensus price target of $578.09.

Dycom Industries Trading Down 7.0%

Shares of Dycom Industries stock opened at $354.42 on Wednesday. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.58 and a quick ratio of 2.46. Dycom Industries, Inc. has a 1 year low of $242.55 and a 1 year high of $566.47. The firm has a market cap of $10.64 billion, a PE ratio of 33.72, a PEG ratio of 0.67 and a beta of 1.54. The company has a 50 day simple moving average of $427.20 and a two-hundred day simple moving average of $415.67.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Wednesday, May 27th. The construction company reported $4.42 EPS for the quarter, topping analysts’ consensus estimates of $2.73 by $1.69. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.67 billion. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The business’s revenue for the quarter was up 56.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.09 EPS. Analysts expect that Dycom Industries, Inc. will post 15.45 earnings per share for the current fiscal year.

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.