Susquehanna Fundamental Investments LLC Takes $1.01 Million Position in Dycom Industries, Inc. (NYSE:DY)

Susquehanna Fundamental Investments LLC acquired a new position in Dycom Industries, Inc. (NYSE:DY) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 5,800 shares of the construction company’s stock, valued at approximately $1,010,000.

Several other institutional investors have also modified their holdings of DY. SOA Wealth Advisors LLC. bought a new stake in Dycom Industries in the third quarter worth about $39,000. Westside Investment Management Inc. bought a new stake in shares of Dycom Industries in the 3rd quarter worth approximately $41,000. Anchor Investment Management LLC raised its holdings in shares of Dycom Industries by 37.6% in the 3rd quarter. Anchor Investment Management LLC now owns 267 shares of the construction company’s stock worth $53,000 after purchasing an additional 73 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Dycom Industries by 26.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 341 shares of the construction company’s stock valued at $59,000 after purchasing an additional 71 shares during the last quarter. Finally, GeoWealth Management LLC boosted its holdings in Dycom Industries by 35.9% during the fourth quarter. GeoWealth Management LLC now owns 348 shares of the construction company’s stock worth $61,000 after buying an additional 92 shares in the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.

Analysts Set New Price Targets

DY has been the topic of several research reports. KeyCorp dropped their price target on Dycom Industries from $201.00 to $183.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. JPMorgan Chase & Co. began coverage on Dycom Industries in a report on Monday, April 21st. They set an “overweight” rating and a $200.00 target price for the company. Raymond James increased their price target on Dycom Industries from $210.00 to $215.00 and gave the company a “strong-buy” rating in a research report on Tuesday, February 4th. Wells Fargo & Company cut their price objective on Dycom Industries from $215.00 to $200.00 and set an “overweight” rating on the stock in a report on Thursday, April 3rd. Finally, B. Riley decreased their target price on shares of Dycom Industries from $234.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, March 19th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $200.22.

Dycom Industries Trading Up 3.3 %

Shares of NYSE DY opened at $173.00 on Friday. 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 one year low of $131.37 and a one year high of $207.20. The business has a 50-day moving average price of $154.99 and a two-hundred day moving average price of $174.04. The firm has a market capitalization of $4.98 billion, a PE ratio of 22.76, a PEG ratio of 1.29 and a beta of 1.36.

Dycom Industries declared that its Board of Directors has approved a share buyback plan on Wednesday, February 26th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the construction company to repurchase up to 3.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

About Dycom Industries

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.