Gabelli Funds LLC Acquires Shares of 10,000 Dycom Industries, Inc. (DY)

Gabelli Funds LLC acquired a new position in shares of Dycom Industries, Inc. (NYSE:DY) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 10,000 shares of the construction company’s stock, valued at approximately $859,000.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Dycom Industries by 0.7% during the second quarter. Vanguard Group Inc. now owns 2,454,547 shares of the construction company’s stock worth $219,732,000 after purchasing an additional 17,420 shares during the last quarter. State Street Corp raised its holdings in shares of Dycom Industries by 3.3% during the second quarter. State Street Corp now owns 1,023,232 shares of the construction company’s stock worth $91,602,000 after purchasing an additional 32,975 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Dycom Industries by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 929,812 shares of the construction company’s stock worth $83,236,000 after purchasing an additional 5,163 shares during the last quarter. Federated Investors Inc. PA raised its holdings in shares of Dycom Industries by 24.1% during the second quarter. Federated Investors Inc. PA now owns 816,246 shares of the construction company’s stock worth $73,070,000 after purchasing an additional 158,312 shares during the last quarter. Finally, Harbour Capital Advisors LLC raised its holdings in shares of Dycom Industries by 9,665.8% during the second quarter. Harbour Capital Advisors LLC now owns 725,112 shares of the construction company’s stock worth $8,100,000 after purchasing an additional 717,687 shares during the last quarter.

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Shares of Dycom Industries, Inc. (DY) opened at $85.58 on Wednesday. The company has a market cap of $2,781.44, a PE ratio of 17.00, a PEG ratio of 1.67 and a beta of 1.27. The company has a debt-to-equity ratio of 1.10, a quick ratio of 2.69 and a current ratio of 2.95. Dycom Industries, Inc. has a one year low of $70.33 and a one year high of $110.64.

Dycom Industries (NYSE:DY) last released its earnings results on Wednesday, August 30th. The construction company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.03. The business had revenue of $780.20 million during the quarter, compared to analysts’ expectations of $798.62 million. Dycom Industries had a net margin of 5.13% and a return on equity of 26.68%. The company’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.64 earnings per share. research analysts forecast that Dycom Industries, Inc. will post 4.35 EPS for the current fiscal year.

DY has been the subject of a number of recent analyst reports. reaffirmed a “buy” rating on shares of Dycom Industries in a report on Wednesday, November 1st. FBR & Co lifted their price objective on shares of Dycom Industries from $98.00 to $112.00 and gave the company a “buy” rating in a report on Wednesday, August 30th. reaffirmed a “buy” rating and issued a $90.00 price objective (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. KeyCorp raised shares of Dycom Industries from a “sector weight” rating to an “overweight” rating and set a $87.00 price objective for the company in a report on Wednesday, August 30th. Finally, Deutsche Bank AG initiated coverage on shares of Dycom Industries in a report on Tuesday, September 26th. They issued a “buy” rating and a $103.00 price objective for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $102.71.

Dycom Industries 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.

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Institutional Ownership by Quarter for Dycom Industries (NYSE:DY)

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