Harbour Capital Advisors LLC Purchases New Shares in Dycom Industries, Inc. (NYSE:DY)

Harbour Capital Advisors LLC acquired a new position in Dycom Industries, Inc. (NYSE:DY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,275 shares of the construction company’s stock, valued at approximately $773,000.

Several other large investors also recently made changes to their positions in DY. Stifel Financial Corp lifted its position in Dycom Industries by 46.5% during the 3rd quarter. Stifel Financial Corp now owns 20,232 shares of the construction company’s stock worth $3,988,000 after buying an additional 6,418 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Dycom Industries by 65.8% in the third quarter. JPMorgan Chase & Co. now owns 80,320 shares of the construction company’s stock valued at $15,831,000 after purchasing an additional 31,864 shares in the last quarter. Hsbc Holdings PLC raised its position in Dycom Industries by 193.7% in the 2nd quarter. Hsbc Holdings PLC now owns 7,819 shares of the construction company’s stock worth $1,317,000 after purchasing an additional 5,157 shares during the last quarter. Whalen Wealth Management Inc. acquired a new position in Dycom Industries during the 3rd quarter worth $773,000. Finally, Nordea Investment Management AB bought a new position in Dycom Industries in the 4th quarter valued at $1,171,000. Institutional investors own 98.33% of the company’s stock.

Dycom Industries Stock Down 0.4 %

Shares of DY stock traded down $0.62 during trading on Monday, reaching $175.85. The company’s stock had a trading volume of 91,310 shares, compared to its average volume of 273,103. Dycom Industries, Inc. has a one year low of $109.87 and a one year high of $207.20. The business has a fifty day moving average price of $181.42 and a 200-day moving average price of $182.11. The company has a market cap of $5.13 billion, a price-to-earnings ratio of 23.14, a price-to-earnings-growth ratio of 1.45 and a beta of 1.43. The company has a quick ratio of 2.93, a current ratio of 3.12 and a debt-to-equity ratio of 0.89.

Analyst Upgrades and Downgrades

DY has been the subject of a number of research reports. DA Davidson reiterated a “buy” rating and issued a $210.00 price objective on shares of Dycom Industries in a research report on Tuesday, November 19th. KeyCorp raised their price target on Dycom Industries from $227.00 to $229.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company upped their price objective on Dycom Industries from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $206.38.

Insiders Place Their Bets

In other news, Director Peter T. Pruitt, Jr. sold 2,900 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $175.08, for a total value of $507,732.00. Following the sale, the director now directly owns 14,533 shares of the company’s stock, valued at approximately $2,544,437.64. This represents a 16.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jennifer M. Fritzsche sold 430 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were 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 owns 8,873 shares of the company’s stock, valued at $1,536,005.03. This trade represents a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.28% of the company’s stock.

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.