34,215 Shares in Dycom Industries, Inc. (NYSE:DY) Acquired by Empowered Funds LLC

Empowered Funds LLC purchased a new stake in Dycom Industries, Inc. (NYSE:DY) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 34,215 shares of the construction company’s stock, valued at approximately $5,955,000. Empowered Funds LLC owned 0.12% of Dycom Industries as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. State Street Corp increased its stake in shares of Dycom Industries by 4.0% in the 3rd quarter. State Street Corp now owns 1,158,585 shares of the construction company’s stock valued at $228,357,000 after acquiring an additional 44,321 shares in the last quarter. FMR LLC grew its holdings in Dycom Industries by 2.4% in the third quarter. FMR LLC now owns 772,666 shares of the construction company’s stock worth $152,292,000 after purchasing an additional 17,862 shares during the period. Hill City Capital LP increased its stake in Dycom Industries by 2.3% in the third quarter. Hill City Capital LP now owns 679,784 shares of the construction company’s stock valued at $133,985,000 after purchasing an additional 15,000 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Dycom Industries by 4.3% during the third quarter. Principal Financial Group Inc. now owns 666,051 shares of the construction company’s stock valued at $131,278,000 after purchasing an additional 27,370 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Dycom Industries by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 650,883 shares of the construction company’s stock worth $128,315,000 after purchasing an additional 9,113 shares in the last quarter. 98.33% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Jennifer M. Fritzsche sold 430 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $173.11, for a total transaction of $74,437.30. Following the completion of the sale, the director now directly owns 8,873 shares of the company’s stock, valued at approximately $1,536,005.03. This trade represents a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Peter T. Pruitt, Jr. sold 2,900 shares of the business’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $175.08, for a total value of $507,732.00. Following the completion of the transaction, the director now directly owns 14,533 shares in the company, valued at approximately $2,544,437.64. This represents a 16.64 % decrease in their position. The disclosure for this sale can be found here. 4.28% of the stock is currently owned by corporate insiders.

Dycom Industries Price Performance

Shares of NYSE:DY opened at $200.33 on Tuesday. The company has a current ratio of 3.12, a quick ratio of 2.93 and a debt-to-equity ratio of 0.89. The stock has a market cap of $5.85 billion, a PE ratio of 26.36, a price-to-earnings-growth ratio of 1.51 and a beta of 1.42. The stock’s fifty day simple moving average is $183.36 and its two-hundred day simple moving average is $184.37. Dycom Industries, Inc. has a 1-year low of $112.17 and a 1-year high of $207.20.

Wall Street Analyst Weigh In

A number of analysts recently commented on DY shares. KeyCorp boosted their target price on Dycom Industries from $227.00 to $229.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. DA Davidson restated a “buy” rating and set a $210.00 price objective on shares of Dycom Industries in a report on Tuesday, November 19th. Raymond James increased their target price on Dycom Industries from $210.00 to $215.00 and gave the stock a “strong-buy” rating in a report on Tuesday, February 4th. Finally, Wells Fargo & Company boosted their price target on shares of Dycom Industries from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $208.88.

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.