Jacobs Levy Equity Management Inc. Has $7.85 Million Position in Dycom Industries, Inc. (NYSE:DY)

Jacobs Levy Equity Management Inc. lessened its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 2.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 39,804 shares of the construction company’s stock after selling 1,145 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Dycom Industries were worth $7,845,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Accent Capital Management LLC acquired a new position in shares of Dycom Industries during the 3rd quarter worth about $25,000. Annapolis Financial Services LLC acquired a new position in shares of Dycom Industries during the third quarter worth approximately $29,000. Anchor Investment Management LLC boosted its position in shares of Dycom Industries by 50.4% in the second quarter. Anchor Investment Management LLC now owns 194 shares of the construction company’s stock valued at $33,000 after acquiring an additional 65 shares during the period. GAMMA Investing LLC grew its stake in shares of Dycom Industries by 107.8% in the second quarter. GAMMA Investing LLC now owns 293 shares of the construction company’s stock worth $49,000 after acquiring an additional 152 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its position in Dycom Industries by 25.4% during the third quarter. First Horizon Advisors Inc. now owns 291 shares of the construction company’s stock worth $57,000 after acquiring an additional 59 shares during the period. Institutional investors own 98.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Wells Fargo & Company increased their price target on shares of Dycom Industries from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Bank of America lifted their target price on Dycom Industries from $198.00 to $204.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. KeyCorp upped their price target on Dycom Industries from $200.00 to $227.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. B. Riley lifted 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. Finally, DA Davidson reaffirmed a “buy” rating and issued a $210.00 target price on shares of Dycom Industries in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $206.13.

Dycom Industries Stock Performance

Shares of NYSE:DY opened at $194.20 on Friday. The stock has a market capitalization of $5.67 billion, a price-to-earnings ratio of 25.55, a price-to-earnings-growth ratio of 1.55 and a beta of 1.41. The business’s fifty day moving average price is $187.88 and its two-hundred day moving average price is $181.32. Dycom Industries, Inc. has a fifty-two week low of $105.67 and a fifty-two week high of $207.20. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.12 and a quick ratio of 2.93.

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.