Charles Schwab Investment Management Inc. Buys 879 Shares of Dycom Industries, Inc. (NYSE:DY)

Charles Schwab Investment Management Inc. increased its stake in Dycom Industries, Inc. (NYSE:DY) by 0.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 417,851 shares of the construction company’s stock after purchasing an additional 879 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.44% of Dycom Industries worth $82,358,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of DY. Millennium Management LLC lifted its stake in Dycom Industries by 6.3% during the second quarter. Millennium Management LLC now owns 1,631,453 shares of the construction company’s stock worth $275,324,000 after purchasing an additional 96,846 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Dycom Industries by 4.3% during the 3rd quarter. Principal Financial Group Inc. now owns 666,051 shares of the construction company’s stock worth $131,278,000 after buying an additional 27,370 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Dycom Industries by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 230,216 shares of the construction company’s stock worth $38,851,000 after buying an additional 971 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Dycom Industries by 2,353.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 158,988 shares of the construction company’s stock worth $26,831,000 after buying an additional 152,509 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Dycom Industries by 2,543.6% in the second quarter. Renaissance Technologies LLC now owns 103,100 shares of the construction company’s stock valued at $17,399,000 after buying an additional 99,200 shares in the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on DY shares. KeyCorp increased their target price on shares of Dycom Industries from $200.00 to $227.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. B. Riley raised their target price on shares of Dycom Industries from $205.00 to $208.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Wells Fargo & Company boosted their target price on shares of Dycom Industries from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. DA Davidson reiterated a “buy” rating and issued a $210.00 price target on shares of Dycom Industries in a research note on Tuesday, November 19th. Finally, Bank of America boosted their price objective on Dycom Industries from $198.00 to $204.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Dycom Industries has a consensus rating of “Buy” and an average price target of $206.13.

Dycom Industries Price Performance

Dycom Industries stock opened at $180.67 on Thursday. The stock’s 50 day moving average is $189.03 and its 200 day moving average is $179.94. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.12 and a quick ratio of 2.93. Dycom Industries, Inc. has a one year low of $99.69 and a one year high of $207.20. The firm has a market cap of $5.27 billion, a P/E ratio of 23.71, a P/E/G ratio of 1.47 and a beta of 1.44.

Dycom Industries Company 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.