Mutual of America Capital Management LLC Sells 406 Shares of Dycom Industries, Inc. (NYSE:DY)

Mutual of America Capital Management LLC lessened its stake in Dycom Industries, Inc. (NYSE:DY) by 8.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,376 shares of the construction company’s stock after selling 406 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Dycom Industries were worth $863,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. O Shaughnessy Asset Management LLC purchased a new position in shares of Dycom Industries during the first quarter worth about $250,000. CANADA LIFE ASSURANCE Co grew its stake in Dycom Industries by 7.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 25,582 shares of the construction company’s stock worth $3,672,000 after buying an additional 1,860 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Dycom Industries by 4.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,770 shares of the construction company’s stock worth $3,269,000 after buying an additional 1,052 shares during the last quarter. Janus Henderson Group PLC raised its position 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 buying an additional 23,117 shares in the last quarter. Finally, Tidal Investments LLC raised its position in shares of Dycom Industries by 202.6% during the 1st quarter. Tidal Investments LLC now owns 10,835 shares of the construction company’s stock valued at $1,555,000 after buying an additional 7,254 shares in the last quarter. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wells Fargo & Company increased their price objective on Dycom Industries from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. KeyCorp upped their target price on Dycom Industries from $200.00 to $227.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Bank of America lifted their price target on shares of Dycom Industries from $198.00 to $204.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. DA Davidson reaffirmed a “buy” rating and issued a $210.00 price objective on shares of Dycom Industries in a research note on Tuesday, November 19th. Finally, B. Riley increased their target price on shares of Dycom Industries from $205.00 to $208.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. One equities research 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $206.13.

Dycom Industries Trading Down 0.7 %

Shares of DY opened at $180.25 on Wednesday. The company’s fifty day simple moving average is $189.19 and its 200-day simple moving average is $179.73. The company has a market cap of $5.26 billion, a P/E ratio of 23.78, a P/E/G ratio of 1.47 and a beta of 1.44. The company has a current ratio of 3.12, a quick ratio of 2.93 and a debt-to-equity ratio of 0.89. Dycom Industries, Inc. has a twelve month low of $99.54 and a twelve month high of $207.20.

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.