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

Allianz SE grew its position in Dycom Industries, Inc. (NYSE:DY) by 80.7% in the third quarter, HoldingsChannel.com reports. The fund owned 2,710 shares of the construction company’s stock after buying an additional 1,210 shares during the period. Allianz SE’s holdings in Dycom Industries were worth $791,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Jones Financial Companies Lllp grew its holdings in Dycom Industries by 4,626.1% during the first quarter. Jones Financial Companies Lllp now owns 2,174 shares of the construction company’s stock worth $331,000 after purchasing an additional 2,128 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Dycom Industries by 7.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 69,726 shares of the construction company’s stock valued at $10,622,000 after buying an additional 4,985 shares during the last quarter. AlphaQuest LLC boosted its stake in shares of Dycom Industries by 358.3% during the 2nd quarter. AlphaQuest LLC now owns 1,109 shares of the construction company’s stock worth $271,000 after acquiring an additional 867 shares during the period. Arkadios Wealth Advisors bought a new position in shares of Dycom Industries during the 2nd quarter worth approximately $971,000. Finally, Spire Wealth Management acquired a new position in shares of Dycom Industries during the 2nd quarter worth approximately $748,000. 98.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on DY. Zacks Research cut shares of Dycom Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th. Wall Street Zen upgraded shares of Dycom Industries from a “buy” rating to a “strong-buy” rating in a research note on Sunday, February 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Dycom Industries in a research note on Wednesday, January 21st. Bank of America increased their price target on shares of Dycom Industries from $365.00 to $475.00 and gave the company a “buy” rating in a report on Wednesday. Finally, UBS Group boosted their price objective on Dycom Industries from $373.00 to $400.00 and gave the stock a “buy” rating in a report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Dycom Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $406.20.

Dycom Industries Trading Down 0.2%

Shares of DY stock opened at $419.48 on Friday. The stock has a market cap of $12.15 billion, a P/E ratio of 41.29, a price-to-earnings-growth ratio of 1.40 and a beta of 1.36. Dycom Industries, Inc. has a 1 year low of $131.37 and a 1 year high of $445.52. The company has a current ratio of 3.09, a quick ratio of 2.90 and a debt-to-equity ratio of 0.62. The stock has a 50 day simple moving average of $378.45 and a 200 day simple moving average of $323.63.

Insider Buying and Selling at Dycom Industries

In other news, Director Eitan Gertel sold 3,645 shares of the stock in a transaction on Friday, January 9th. The stock was sold at an average price of $345.62, for a total transaction of $1,259,784.90. Following the sale, the director directly owned 15,997 shares of the company’s stock, valued at approximately $5,528,883.14. This represents a 18.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.72% of the company’s stock.

Dycom Industries Company Profile

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.