Kennedy Capital Management Inc. Boosts Holdings in Dycom Industries, Inc. (DY)

Kennedy Capital Management Inc. grew its holdings in shares of Dycom Industries, Inc. (NYSE:DY) by 33.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 73,342 shares of the construction company’s stock after acquiring an additional 18,239 shares during the quarter. Kennedy Capital Management Inc. owned 0.24% of Dycom Industries worth $6,566,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of DY. Alps Advisors Inc. increased its stake in shares of Dycom Industries by 0.3% in the second quarter. Alps Advisors Inc. now owns 5,126 shares of the construction company’s stock worth $459,000 after buying an additional 14 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Dycom Industries by 1.8% in the second quarter. Teacher Retirement System of Texas now owns 2,526 shares of the construction company’s stock worth $226,000 after buying an additional 44 shares during the period. Pictet Asset Management Ltd. increased its stake in shares of Dycom Industries by 0.6% in the first quarter. Pictet Asset Management Ltd. now owns 10,940 shares of the construction company’s stock worth $1,017,000 after buying an additional 66 shares during the period. Capstone Asset Management Co. increased its stake in shares of Dycom Industries by 3.8% in the second quarter. Capstone Asset Management Co. now owns 2,448 shares of the construction company’s stock worth $219,000 after buying an additional 90 shares during the period. Finally, Partnervest Advisory Services LLC increased its stake in shares of Dycom Industries by 2.8% in the second quarter. Partnervest Advisory Services LLC now owns 3,501 shares of the construction company’s stock worth $313,000 after buying an additional 95 shares during the period.

Dycom Industries, Inc. (DY) opened at 77.56 on Tuesday. The stock has a market capitalization of $2.41 billion, a P/E ratio of 15.25 and a beta of 1.26. The firm’s 50-day moving average is $83.28 and its 200-day moving average is $91.94. Dycom Industries, Inc. has a 12 month low of $70.33 and a 12 month high of $110.64.

Dycom Industries (NYSE:DY) last released its earnings results on Wednesday, August 30th. The construction company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.03. Dycom Industries had a return on equity of 26.68% and a net margin of 5.13%. The business had revenue of $780.20 million for the quarter, compared to analyst estimates of $798.62 million. During the same quarter last year, the firm posted $1.64 earnings per share. The business’s revenue was down 1.1% compared to the same quarter last year. On average, equities analysts expect that Dycom Industries, Inc. will post $4.37 earnings per share for the current fiscal year.

Several brokerages recently commented on DY. Canaccord Genuity decreased their target price on shares of Dycom Industries from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, August 31st. Craig Hallum reaffirmed a “buy” rating and issued a $90.00 target price (down from $115.00) on shares of Dycom Industries in a research note on Thursday, August 31st. They noted that the move was a valuation call. FBR & Co lifted their target price on shares of Dycom Industries from $98.00 to $112.00 and gave the stock a “buy” rating in a research note on Wednesday, August 30th. KeyCorp raised shares of Dycom Industries from a “sector weight” rating to an “overweight” rating and set a $87.00 target price on the stock in a research note on Wednesday, August 30th. Finally, BidaskClub downgraded shares of Dycom Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $105.29.

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About Dycom Industries

Dycom Industries, Inc is a provider of specialty contracting services throughout the United States and in Canada. The Company, through its subsidiaries, provides program management, engineering, construction, maintenance and installation services for telecommunications providers, underground facility locating services for various utilities, including telecommunications providers, and other construction and maintenance services for electric and gas utilities.

Institutional Ownership by Quarter for Dycom Industries (NYSE:DY)

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