Thrivent Financial for Lutherans Sells 1,305 Shares of Dycom Industries, Inc. (NYSE:DY)

Thrivent Financial for Lutherans reduced its stake in Dycom Industries, Inc. (NYSE:DY) by 5.4% during the third quarter, Holdings Channel.com reports. The firm owned 22,846 shares of the construction company’s stock after selling 1,305 shares during the period. Thrivent Financial for Lutherans’ holdings in Dycom Industries were worth $4,503,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in DY. Interval Partners LP bought a new position in shares of Dycom Industries during the first quarter valued at approximately $5,247,000. Janus Henderson Group PLC boosted its stake in shares of Dycom Industries by 168.5% during 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 in the last quarter. Hsbc Holdings PLC increased its position in shares of Dycom Industries by 193.7% during the second quarter. Hsbc Holdings PLC now owns 7,819 shares of the construction company’s stock valued at $1,317,000 after buying an additional 5,157 shares during the period. Assenagon Asset Management S.A. raised its stake in Dycom Industries by 2,353.9% in the second quarter. Assenagon Asset Management S.A. now owns 158,988 shares of the construction company’s stock worth $26,831,000 after buying an additional 152,509 shares in the last quarter. Finally, Creative Planning raised its stake in Dycom Industries by 19.2% in the third quarter. Creative Planning now owns 6,560 shares of the construction company’s stock worth $1,293,000 after buying an additional 1,055 shares in the last quarter. 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 $180.30 on Monday. Dycom Industries, Inc. has a 1 year low of $99.54 and a 1 year high of $207.20. The firm’s 50-day moving average is $189.27 and its 200 day moving average is $179.51. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 1.52 and a beta of 1.44. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.12 and a quick ratio of 3.25.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on DY shares. Bank of America upped their target price on Dycom Industries from $198.00 to $204.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. B. Riley increased their price objective on Dycom Industries from $205.00 to $208.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. KeyCorp boosted their target price 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. 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 report on Friday, November 15th. Finally, DA Davidson reissued a “buy” rating and set a $210.00 price target on shares of Dycom Industries in a research report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Dycom Industries has a consensus rating of “Buy” and an average price target of $206.13.

Dycom Industries 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.