Harvest Fund Management Co. Ltd Has $62,000 Position in Dycom Industries, Inc. (NYSE:DY)

Harvest Fund Management Co. Ltd lessened its holdings in Dycom Industries, Inc. (NYSE:DY) by 89.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 313 shares of the construction company’s stock after selling 2,555 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Dycom Industries were worth $62,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. boosted its holdings in shares of Dycom Industries by 2,353.9% during the second quarter. Assenagon Asset Management S.A. now owns 158,988 shares of the construction company’s stock worth $26,831,000 after acquiring an additional 152,509 shares during the period. Renaissance Technologies LLC lifted its holdings in Dycom Industries by 2,543.6% during the 2nd quarter. Renaissance Technologies LLC now owns 103,100 shares of the construction company’s stock worth $17,399,000 after purchasing an additional 99,200 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Dycom Industries in the 3rd quarter valued at $19,424,000. Millennium Management LLC boosted its stake in Dycom Industries by 6.3% in the 2nd quarter. Millennium Management LLC now owns 1,631,453 shares of the construction company’s stock valued at $275,324,000 after purchasing an additional 96,846 shares during the period. Finally, Eagle Asset Management Inc. acquired a new position in Dycom Industries in the 3rd quarter valued at $13,144,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries Stock Performance

NYSE:DY opened at $180.67 on Thursday. Dycom Industries, Inc. has a twelve month low of $99.69 and a twelve month high of $207.20. The company has a quick ratio of 2.93, a current ratio of 3.12 and a debt-to-equity ratio of 0.89. The stock’s 50-day simple moving average is $189.03 and its 200 day simple moving average is $179.94. The firm has a market capitalization of $5.27 billion, a PE ratio of 23.77, a price-to-earnings-growth ratio of 1.47 and a beta of 1.44.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on DY shares. B. Riley boosted 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. 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 research report on Tuesday, October 8th. Wells Fargo & Company lifted 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. DA Davidson restated a “buy” rating and issued a $210.00 price target on shares of Dycom Industries in a research report on Tuesday, November 19th. Finally, Bank of America boosted their price target on Dycom Industries from $198.00 to $204.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $206.13.

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.