Teachers Advisors LLC Raises Stake in Dycom Industries, Inc. (DY)

Teachers Advisors LLC grew its holdings in Dycom Industries, Inc. (NYSE:DY) by 3.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,049 shares of the construction company’s stock after purchasing an additional 2,029 shares during the period. Teachers Advisors LLC owned about 0.18% of Dycom Industries worth $4,928,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DY. Pacad Investment Ltd. increased its holdings in shares of Dycom Industries by 71.4% in the 2nd quarter. Pacad Investment Ltd. now owns 1,200 shares of the construction company’s stock valued at $107,000 after purchasing an additional 500 shares during the period. Riverhead Capital Management LLC increased its holdings in shares of Dycom Industries by 96.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,764 shares of the construction company’s stock valued at $158,000 after purchasing an additional 864 shares during the period. Sigma Planning Corp acquired a new position in shares of Dycom Industries in the 2nd quarter valued at about $211,000. LS Investment Advisors LLC increased its holdings in shares of 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 purchasing an additional 337 shares during the period. Finally, Capstone Asset Management Co. increased its holdings in shares of 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 purchasing an additional 90 shares during the period.

Dycom Industries, Inc. (NYSE:DY) opened at 84.62 on Wednesday. The company has a 50-day moving average price of $81.34 and a 200-day moving average price of $90.38. Dycom Industries, Inc. has a 12-month low of $70.33 and a 12-month high of $110.64. The firm has a market cap of $2.63 billion, a P/E ratio of 17.20 and a beta of 1.29.

Dycom Industries (NYSE:DY) last announced its earnings results on Wednesday, August 30th. The construction company reported $1.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.03. Dycom Industries had a return on equity of 26.68% and a net margin of 5.13%. The business had revenue of $780.20 million for the quarter, compared to analyst estimates of $798.62 million. During the same quarter last year, the firm earned $1.64 EPS. Dycom Industries’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, analysts predict that Dycom Industries, Inc. will post $4.32 earnings per share for the current year.

A number of equities analysts have recently weighed in on DY shares. KeyCorp upgraded Dycom Industries from a “sector weight” rating to an “overweight” rating and set a $87.00 target price on the stock in a report on Wednesday, August 30th. Craig Hallum reiterated a “buy” rating and issued a $90.00 target price (down previously from $115.00) on shares of Dycom Industries in a report on Thursday, August 31st. They noted that the move was a valuation call. FBR & Co upped their target price on Dycom Industries from $98.00 to $112.00 and gave the company a “buy” rating in a report on Wednesday, August 30th. Canaccord Genuity dropped their target price on Dycom Industries from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, August 31st. Finally, BidaskClub upgraded Dycom Industries from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $102.71.

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Several other institutional investors and hedge funds have also modified their holdings of DY. Pacad Investment Ltd. increased its holdings in shares of Dycom Industries by 71.4% in the 2nd quarter. Pacad Investment Ltd. now owns 1,200 shares of the construction company’s stock valued at $107,000 after purchasing an additional 500 shares during the period. Riverhead Capital Management LLC increased its holdings in shares of Dycom Industries by 96.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,764 shares of the construction company’s stock valued at $158,000 after purchasing an additional 864 shares during the period. Sigma Planning Corp acquired a new position in shares of Dycom Industries in the 2nd quarter valued at about $211,000. LS Investment Advisors LLC increased its holdings in shares of 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 purchasing an additional 337 shares during the period. Finally, Capstone Asset Management Co. increased its holdings in shares of 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 purchasing an additional 90 shares during the period.

Dycom Industries, Inc. (NYSE:DY) opened at 84.62 on Wednesday. The company has a 50-day moving average price of $81.34 and a 200-day moving average price of $90.38. Dycom Industries, Inc. has a 12-month low of $70.33 and a 12-month high of $110.64. The firm has a market cap of $2.63 billion, a P/E ratio of 17.20 and a beta of 1.29.

Dycom Industries (NYSE:DY) last announced its earnings results on Wednesday, August 30th. The construction company reported $1.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.03. Dycom Industries had a return on equity of 26.68% and a net margin of 5.13%. The business had revenue of $780.20 million for the quarter, compared to analyst estimates of $798.62 million. During the same quarter last year, the firm earned $1.64 EPS. Dycom Industries’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, analysts predict that Dycom Industries, Inc. will post $4.32 earnings per share for the current year.

A number of equities analysts have recently weighed in on DY shares. KeyCorp upgraded Dycom Industries from a “sector weight” rating to an “overweight” rating and set a $87.00 target price on the stock in a report on Wednesday, August 30th. Craig Hallum reiterated a “buy” rating and issued a $90.00 target price (down previously from $115.00) on shares of Dycom Industries in a report on Thursday, August 31st. They noted that the move was a valuation call. FBR & Co upped their target price on Dycom Industries from $98.00 to $112.00 and gave the company a “buy” rating in a report on Wednesday, August 30th. Canaccord Genuity dropped their target price on Dycom Industries from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, August 31st. Finally, BidaskClub upgraded Dycom Industries from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $102.71.

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Dycom Industries Company 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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