KBC Group NV Boosts Stock Holdings in Dycom Industries, Inc. (NYSE:DY)

KBC Group NV lifted its position in Dycom Industries, Inc. (NYSE:DY) by 18.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 872 shares of the construction company’s stock after buying an additional 133 shares during the period. KBC Group NV’s holdings in Dycom Industries were worth $172,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of DY. UniSuper Management Pty Ltd acquired a new stake in Dycom Industries during the 1st quarter valued at approximately $794,000. Interval Partners LP acquired a new position in shares of Dycom Industries in the 1st quarter valued at $5,247,000. Janus Henderson Group PLC lifted its stake in shares of Dycom Industries by 168.5% in the 1st quarter. Janus Henderson Group PLC now owns 36,835 shares of the construction company’s stock valued at $5,287,000 after purchasing an additional 23,117 shares during the period. Hsbc Holdings PLC lifted its stake in shares of Dycom Industries by 193.7% in the 2nd quarter. Hsbc Holdings PLC now owns 7,819 shares of the construction company’s stock valued at $1,317,000 after purchasing an additional 5,157 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Dycom Industries by 2,353.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 158,988 shares of the construction company’s stock valued at $26,831,000 after purchasing an additional 152,509 shares during the period. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Dycom Industries Stock Performance

Shares of Dycom Industries stock opened at $176.56 on Thursday. The firm has a market capitalization of $5.14 billion, a P/E ratio of 21.93, a P/E/G ratio of 1.55 and a beta of 1.44. Dycom Industries, Inc. has a 52 week low of $96.50 and a 52 week high of $207.20. The company has a quick ratio of 3.25, a current ratio of 3.44 and a debt-to-equity ratio of 0.81. The firm’s 50 day moving average is $189.40 and its two-hundred day moving average is $178.80.

Dycom Industries (NYSE:DY) last announced its earnings results on Wednesday, August 21st. The construction company reported $2.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.20. Dycom Industries had a net margin of 5.37% and a return on equity of 22.28%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the firm posted $2.03 earnings per share. The company’s revenue for the quarter was up 15.5% compared to the same quarter last year. Research analysts forecast that Dycom Industries, Inc. will post 7.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Wells Fargo & Company boosted their price target on shares of Dycom Industries from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Bank of America upped their price objective on shares of Dycom Industries from $198.00 to $204.00 and gave the company a “buy” rating in a report on Friday, August 23rd. StockNews.com lowered shares of Dycom Industries from a “buy” rating to a “hold” rating in a report on Friday, July 26th. KeyCorp upped their price objective on shares of Dycom Industries from $200.00 to $227.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Finally, DA Davidson reissued a “buy” rating and issued a $210.00 price objective on shares of Dycom Industries in a report on Tuesday. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target 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.