Yousif Capital Management LLC Has $1.66 Million Position in Dycom Industries, Inc. (NYSE:DY)

Yousif Capital Management LLC lessened its position in Dycom Industries, Inc. (NYSE:DY) by 1.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,871 shares of the construction company’s stock after selling 204 shares during the quarter. Yousif Capital Management LLC’s holdings in Dycom Industries were worth $1,656,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DY. Versant Capital Management Inc acquired a new position in Dycom Industries in the 1st quarter valued at about $28,000. EverSource Wealth Advisors LLC grew its position in Dycom Industries by 26.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 341 shares of the construction company’s stock valued at $59,000 after acquiring an additional 71 shares during the last quarter. GeoWealth Management LLC grew its position in Dycom Industries by 35.9% during the 4th quarter. GeoWealth Management LLC now owns 348 shares of the construction company’s stock worth $61,000 after acquiring an additional 92 shares during the last quarter. Anchor Investment Management LLC grew its holdings in shares of Dycom Industries by 37.5% during the fourth quarter. Anchor Investment Management LLC now owns 367 shares of the construction company’s stock worth $64,000 after purchasing an additional 100 shares during the last quarter. Finally, Federated Hermes Inc. grew its stake in shares of Dycom Industries by 107.0% in the fourth quarter. Federated Hermes Inc. now owns 387 shares of the construction company’s stock worth $67,000 after purchasing an additional 200 shares during the last quarter. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Dycom Industries Stock Down 0.0%

Dycom Industries stock opened at $233.14 on Tuesday. The firm has a 50 day simple moving average of $194.31 and a 200 day simple moving average of $180.09. 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 1-year low of $131.37 and a 1-year high of $243.38. The firm has a market capitalization of $6.74 billion, a price-to-earnings ratio of 30.68, a P/E/G ratio of 1.29 and a beta of 1.32.

Dycom Industries (NYSE:DY) last announced its quarterly earnings results on Wednesday, May 21st. The construction company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.62 by $0.47. Dycom Industries had a net margin of 4.91% and a return on equity of 20.99%. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the firm earned $2.12 EPS. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, analysts predict that Dycom Industries, Inc. will post 7.13 earnings per share for the current year.

Dycom Industries announced that its board has authorized a stock repurchase program on Wednesday, February 26th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the construction company to repurchase up to 3.2% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DY. Wall Street Zen upgraded shares of Dycom Industries from a “hold” rating to a “buy” rating in a research report on Saturday. B. Riley raised their price target on shares of Dycom Industries from $200.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, May 23rd. Raymond James raised their price target on shares of Dycom Industries from $215.00 to $255.00 and gave the company a “strong-buy” rating in a research report on Thursday, May 22nd. KeyCorp dropped their target price on shares of Dycom Industries from $201.00 to $183.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Finally, DA Davidson raised their price target on shares of Dycom Industries from $220.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, May 23rd. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $241.25.

Dycom Industries 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.