Alyeska Investment Group L.P. Purchases New Position in Dycom Industries, Inc. (DY)

Alyeska Investment Group L.P. purchased a new position in shares of Dycom Industries, Inc. (NYSE:DY) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 72,943 shares of the construction company’s stock, valued at approximately $6,264,000. Alyeska Investment Group L.P. owned approximately 0.23% of Dycom Industries at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of DY. Thompson Siegel & Walmsley LLC acquired a new stake in Dycom Industries during the second quarter worth $26,385,000. Columbus Circle Investors boosted its stake in shares of Dycom Industries by 141.6% in the 2nd quarter. Columbus Circle Investors now owns 451,063 shares of the construction company’s stock valued at $40,379,000 after purchasing an additional 264,353 shares in the last quarter. Scout Investments Inc. boosted its stake in shares of Dycom Industries by 407.6% in the 2nd quarter. Scout Investments Inc. now owns 288,107 shares of the construction company’s stock valued at $25,791,000 after purchasing an additional 231,345 shares in the last quarter. SG Capital Management LLC acquired a new stake in shares of Dycom Industries in the 3rd quarter valued at $15,925,000. Finally, Federated Investors Inc. PA boosted its stake in shares of Dycom Industries by 24.1% in the 2nd quarter. Federated Investors Inc. PA now owns 816,246 shares of the construction company’s stock valued at $73,070,000 after purchasing an additional 158,312 shares in the last quarter.

Dycom Industries, Inc. (NYSE DY) opened at $110.17 on Tuesday. The company has a quick ratio of 2.86, a current ratio of 3.16 and a debt-to-equity ratio of 1.07. Dycom Industries, Inc. has a twelve month low of $73.95 and a twelve month high of $113.30. The stock has a market capitalization of $3,389.96, a PE ratio of 23.92, a P/E/G ratio of 2.17 and a beta of 1.38.

Dycom Industries (NYSE:DY) last released its quarterly earnings results on Monday, November 20th. The construction company reported $0.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.09. Dycom Industries had a return on equity of 22.49% and a net margin of 4.46%. The business had revenue of $756.20 million during the quarter, compared to analysts’ expectations of $729.35 million. During the same period in the previous year, the business posted $1.67 earnings per share. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. research analysts predict that Dycom Industries, Inc. will post 4.09 EPS for the current fiscal year.

Several brokerages have recently commented on DY. Stifel Nicolaus restated a “buy” rating and issued a $126.00 target price (up previously from $120.00) on shares of Dycom Industries in a research note on Monday. Zacks Investment Research upgraded shares of Dycom Industries from a “sell” rating to a “hold” rating in a research note on Thursday, November 30th. ValuEngine upgraded shares of Dycom Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, November 22nd. Craig Hallum restated a “buy” rating and issued a $114.00 target price (up previously from $90.00) on shares of Dycom Industries in a research note on Tuesday, November 21st. Finally, Wells Fargo & Company restated an “outperform” rating and issued a $109.00 target price (up previously from $88.00) on shares of Dycom Industries in a research note on Tuesday, November 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company’s stock. Dycom Industries has an average rating of “Buy” and an average price target of $110.00.

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Dycom Industries Company Profile

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.

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

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