Allianz SE Has $791,000 Position in Dycom Industries, Inc. $DY

Allianz SE raised its holdings in Dycom Industries, Inc. (NYSE:DY) by 80.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,710 shares of the construction company’s stock after acquiring an additional 1,210 shares during the quarter. Allianz SE’s holdings in Dycom Industries were worth $791,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DY. Root Financial Partners LLC bought a new position in shares of Dycom Industries in the 3rd quarter worth $26,000. Twin Peaks Wealth Advisors LLC bought a new stake in Dycom Industries in the second quarter valued at about $32,000. Optiver Holding B.V. lifted its stake in Dycom Industries by 57.1% in the third quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock valued at $32,000 after buying an additional 40 shares during the period. Salomon & Ludwin LLC acquired a new position in Dycom Industries in the third quarter valued at about $37,000. Finally, UMB Bank n.a. boosted its holdings in Dycom Industries by 57.3% during the third quarter. UMB Bank n.a. now owns 129 shares of the construction company’s stock worth $38,000 after buying an additional 47 shares during the last quarter. Institutional investors own 98.33% of the company’s stock.

Wall Street Analysts Forecast Growth

DY has been the subject of a number of recent analyst reports. Wall Street Zen raised Dycom Industries from a “buy” rating to a “strong-buy” rating in a research note on Sunday, February 15th. B. Riley Financial upped their target price on shares of Dycom Industries from $320.00 to $420.00 and gave the company a “buy” rating in a research note on Friday, November 21st. Guggenheim initiated coverage on shares of Dycom Industries in a research report on Thursday, January 22nd. They set a “buy” rating and a $510.00 price target on the stock. Wells Fargo & Company boosted their price target on shares of Dycom Industries from $315.00 to $360.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. Finally, JPMorgan Chase & Co. raised their price objective on Dycom Industries from $370.00 to $395.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $406.20.

Insider Buying and Selling at Dycom Industries

In other news, Director Eitan Gertel sold 3,645 shares of the firm’s stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $345.62, for a total transaction of $1,259,784.90. Following the completion of the transaction, the director directly owned 15,997 shares of the company’s stock, valued at $5,528,883.14. This trade represents a 18.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.72% of the stock is owned by corporate insiders.

Dycom Industries Stock Down 0.2%

NYSE:DY opened at $419.48 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.90 and a current ratio of 3.09. The company has a market cap of $12.15 billion, a PE ratio of 41.29, a PEG ratio of 1.40 and a beta of 1.36. Dycom Industries, Inc. has a 52-week low of $131.37 and a 52-week high of $445.52. The stock has a 50-day simple moving average of $378.45 and a 200 day simple moving average of $323.63.

About Dycom Industries

Dycom Industries, Inc (NYSE: DY) is a leading provider of specialty contracting services to the telecommunications industry in North America. The company delivers engineering, construction, installation and maintenance solutions for communications infrastructure, supporting a broad range of network technologies and system architectures. Dycom’s services span outside plant construction, cable placement, fiber optic deployment, wireless and wireline network engineering, as well as testing and turn-up services for voice, data and video applications.

Dycom’s customer base includes major telecommunications carriers, cable operators, utility companies and competitive local exchange carriers.