Aurora Investment Counsel bought a new position in Dycom Industries, Inc. (NYSE:DY) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 15,421 shares of the construction company’s stock, valued at approximately $1,718,000.
A number of other large investors have also recently added to or reduced their stakes in DY. Vanguard Group Inc. grew its position in shares of Dycom Industries by 0.7% in the second quarter. Vanguard Group Inc. now owns 2,454,547 shares of the construction company’s stock valued at $219,732,000 after purchasing an additional 17,420 shares in the last quarter. Argent Capital Management LLC purchased a new position in shares of Dycom Industries in the second quarter valued at $376,000. Castleark Management LLC purchased a new position in shares of Dycom Industries in the second quarter valued at $10,984,000. Wellington Shields Capital Management LLC purchased a new position in shares of Dycom Industries in the third quarter valued at $966,000. Finally, Thompson Siegel & Walmsley LLC grew its position in shares of Dycom Industries by 12.2% in the third quarter. Thompson Siegel & Walmsley LLC now owns 330,772 shares of the construction company’s stock valued at $28,406,000 after purchasing an additional 36,034 shares in the last quarter.
Shares of Dycom Industries, Inc. (NYSE:DY) opened at $113.52 on Friday. The stock has a market capitalization of $3,478.14, a price-to-earnings ratio of 26.77, a P/E/G ratio of 2.23 and a beta of 1.38. Dycom Industries, Inc. has a 52 week low of $73.95 and a 52 week high of $115.38. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.86 and a current ratio of 3.16.
Several equities analysts have recently weighed in on the company. ValuEngine upgraded Dycom Industries from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. KeyCorp reiterated a “buy” rating and issued a $118.00 price target on shares of Dycom Industries in a research report on Thursday, December 21st. Stephens lifted their price objective on Dycom Industries from $120.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, December 20th. Stifel Nicolaus reissued a “buy” rating and set a $126.00 price objective (up previously from $120.00) on shares of Dycom Industries in a research note on Monday, December 11th. Finally, Zacks Investment Research raised Dycom Industries from a “sell” rating to a “hold” rating in a research note on Thursday, November 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $115.10.
TRADEMARK VIOLATION NOTICE: “15,421 Shares in Dycom Industries, Inc. (DY) Purchased by Aurora Investment Counsel” was posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this report on another site, it was stolen and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.chaffeybreeze.com/2018/01/05/15421-shares-in-dycom-industries-inc-dy-purchased-by-aurora-investment-counsel.html.
About Dycom Industries
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.
Receive News & Ratings for Dycom Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dycom Industries and related companies with MarketBeat.com's FREE daily email newsletter.