SOA Wealth Advisors LLC. Acquires Shares of 200 Dycom Industries, Inc. (NYSE:DY)

SOA Wealth Advisors LLC. bought a new stake in shares of Dycom Industries, Inc. (NYSE:DY) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 200 shares of the construction company’s stock, valued at approximately $39,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Accent Capital Management LLC bought a new stake in shares of Dycom Industries in the 3rd quarter valued at approximately $25,000. Annapolis Financial Services LLC acquired a new stake in Dycom Industries in the third quarter valued at approximately $29,000. Legacy Investment Solutions LLC bought a new stake in Dycom Industries in the third quarter worth approximately $28,000. Anchor Investment Management LLC increased its stake in shares of Dycom Industries by 50.4% during the 2nd quarter. Anchor Investment Management LLC now owns 194 shares of the construction company’s stock worth $33,000 after purchasing an additional 65 shares during the last quarter. Finally, Westside Investment Management Inc. bought a new position in shares of Dycom Industries during the 3rd quarter valued at $41,000. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

Dycom Industries Stock Performance

DY opened at $180.56 on Friday. Dycom Industries, Inc. has a 12-month low of $107.53 and a 12-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 firm has a market capitalization of $5.27 billion, a P/E ratio of 23.76, a price-to-earnings-growth ratio of 1.56 and a beta of 1.41. The stock’s 50 day moving average price is $186.97 and its two-hundred day moving average price is $181.92.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DY. B. Riley upped their price objective on shares of Dycom Industries from $205.00 to $208.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Bank of America upped their price target on Dycom Industries from $198.00 to $204.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. DA Davidson reissued a “buy” rating and issued a $210.00 price objective on shares of Dycom Industries in a research note on Tuesday, November 19th. KeyCorp upped their target price on Dycom Industries from $200.00 to $227.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Finally, Wells Fargo & Company lifted their price target on shares of Dycom Industries from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. One 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $206.13.

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.