Mariner Investment Group LLC Purchases Shares of 2,572 Dycom Industries, Inc. (NYSE:DY)

Mariner Investment Group LLC acquired a new position in Dycom Industries, Inc. (NYSE:DY) in the 3rd quarter, HoldingsChannel reports. The firm acquired 2,572 shares of the construction company’s stock, valued at approximately $507,000. Dycom Industries accounts for about 0.1% of Mariner Investment Group LLC’s holdings, making the stock its 13th biggest position.

Other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new stake in Dycom Industries in the 1st quarter worth about $28,000. Annapolis Financial Services LLC bought a new stake in Dycom Industries during the third quarter worth $29,000. Anchor Investment Management LLC grew its stake in Dycom Industries by 50.4% in the 2nd quarter. Anchor Investment Management LLC now owns 194 shares of the construction company’s stock valued at $33,000 after purchasing an additional 65 shares during the period. GAMMA Investing LLC increased its position in shares of Dycom Industries by 107.8% during the 2nd quarter. GAMMA Investing LLC now owns 293 shares of the construction company’s stock valued at $49,000 after purchasing an additional 152 shares during the last quarter. Finally, SJS Investment Consulting Inc. raised its stake in shares of Dycom Industries by 5,071.4% during the 2nd quarter. SJS Investment Consulting Inc. now owns 362 shares of the construction company’s stock worth $61,000 after purchasing an additional 355 shares during the period. Institutional investors own 98.33% of the company’s stock.

Dycom Industries Price Performance

Shares of NYSE DY opened at $175.20 on Monday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 3.25 and a current ratio of 3.44. Dycom Industries, Inc. has a fifty-two week low of $79.75 and a fifty-two week high of $207.20. The stock has a market cap of $5.10 billion, a PE ratio of 21.76, a price-to-earnings-growth ratio of 1.44 and a beta of 1.44. The stock has a fifty day moving average of $186.29 and a 200-day moving average of $174.82.

Dycom Industries (NYSE:DY) last posted its earnings results on Wednesday, August 21st. The construction company reported $2.46 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.20. Dycom Industries had a return on equity of 22.28% and a net margin of 5.37%. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the firm earned $2.03 EPS. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. Equities research analysts anticipate that Dycom Industries, Inc. will post 8.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DY has been the subject of a number of research analyst reports. Wells Fargo & Company raised their price objective on shares of Dycom Industries from $185.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. B. Riley raised their price target on shares of Dycom Industries from $205.00 to $208.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Bank of America increased their price objective on Dycom Industries from $198.00 to $204.00 and gave the company a “buy” rating in a report on Friday, August 23rd. StockNews.com lowered Dycom Industries from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Finally, KeyCorp upped their price target on Dycom Industries from $200.00 to $227.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Dycom Industries has a consensus rating of “Buy” and an average price target of $203.43.

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.