Intech Investment Management LLC Invests $1.52 Million in Dycom Industries, Inc. (NYSE:DY)

Intech Investment Management LLC acquired a new stake in Dycom Industries, Inc. (NYSE:DY) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 7,692 shares of the construction company’s stock, valued at approximately $1,516,000.

Several other hedge funds have also recently bought and sold shares of DY. Accent Capital Management LLC acquired a new position in Dycom Industries in the 3rd quarter valued at about $25,000. Annapolis Financial Services LLC acquired a new position in shares of Dycom Industries in the third quarter valued at approximately $29,000. Anchor Investment Management LLC increased its stake in Dycom Industries by 50.4% during the 2nd quarter. Anchor Investment Management LLC now owns 194 shares of the construction company’s stock worth $33,000 after buying an additional 65 shares during the period. First Horizon Advisors Inc. lifted its holdings in Dycom Industries by 25.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 291 shares of the construction company’s stock worth $57,000 after buying an additional 59 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Dycom Industries by 107.8% in the 2nd quarter. GAMMA Investing LLC now owns 293 shares of the construction company’s stock valued at $49,000 after buying an additional 152 shares during the period. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries Stock Performance

Shares of DY opened at $181.58 on Tuesday. The stock has a 50 day moving average price of $189.27 and a 200 day moving average price of $179.51. The company has a quick ratio of 2.93, a current ratio of 3.12 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $5.30 billion, a price-to-earnings ratio of 23.89, a price-to-earnings-growth ratio of 1.47 and a beta of 1.44. Dycom Industries, Inc. has a 52-week low of $99.54 and a 52-week high of $207.20.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. KeyCorp upped their price objective on Dycom Industries from $200.00 to $227.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. DA Davidson reissued a “buy” rating and set a $210.00 target price on shares of Dycom Industries in a research note on Tuesday, November 19th. B. Riley boosted their target price on Dycom Industries from $205.00 to $208.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Bank of America upped their target price on shares of Dycom Industries from $198.00 to $204.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Finally, Wells Fargo & Company upped their target price on shares of Dycom Industries from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $206.13.

Dycom Industries Company Profile

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.