HighTower Advisors LLC Acquires 80 Shares of Dycom Industries, Inc. (NYSE:DY)

HighTower Advisors LLC raised its stake in Dycom Industries, Inc. (NYSE:DY) by 4.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,858 shares of the construction company’s stock after acquiring an additional 80 shares during the period. HighTower Advisors LLC’s holdings in Dycom Industries were worth $366,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of DY. Hill City Capital LP raised its holdings in shares of Dycom Industries by 2.3% during the third quarter. Hill City Capital LP now owns 679,784 shares of the construction company’s stock worth $133,985,000 after acquiring an additional 15,000 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in Dycom Industries during the 3rd quarter worth about $81,000. Appian Way Asset Management LP raised its stake in shares of Dycom Industries by 17.5% in the 3rd quarter. Appian Way Asset Management LP now owns 202,551 shares of the construction company’s stock valued at $39,923,000 after purchasing an additional 30,207 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Dycom Industries by 4.6% in the third quarter. Captrust Financial Advisors now owns 2,137 shares of the construction company’s stock valued at $421,000 after purchasing an additional 94 shares in the last quarter. Finally, FMR LLC boosted its position in shares of Dycom Industries by 2.4% during the third quarter. FMR LLC now owns 772,666 shares of the construction company’s stock worth $152,292,000 after buying an additional 17,862 shares during the period. Institutional investors own 98.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. KeyCorp lifted their target price on Dycom Industries from $200.00 to $227.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. DA Davidson reiterated a “buy” rating and issued a $210.00 price objective on shares of Dycom Industries in a report on Tuesday, November 19th. Finally, Wells Fargo & Company boosted their price objective 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. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $206.13.

Dycom Industries Trading Up 2.6 %

Shares of NYSE:DY opened at $173.76 on Monday. Dycom Industries, Inc. has a 52-week low of $107.53 and a 52-week high of $207.20. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.93 and a current ratio of 3.12. The company has a market capitalization of $5.07 billion, a P/E ratio of 22.86, a price-to-earnings-growth ratio of 1.45 and a beta of 1.41. The company has a 50-day simple moving average of $185.18 and a 200 day simple moving average of $181.73.

Insider Activity

In related news, Director Jennifer M. Fritzsche sold 430 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $173.11, for a total value of $74,437.30. Following the transaction, the director now owns 8,873 shares in the company, valued at approximately $1,536,005.03. This represents a 4.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.28% of the company’s stock.

Dycom Industries Company 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.