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

Harvest Fund Management Co. Ltd lowered its position in shares of Dycom Industries, Inc. (NYSE:DY) by 89.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Janus Henderson Group PLC boosted its stake in shares of Dycom Industries by 168.5% during the first quarter. Janus Henderson Group PLC now owns 36,835 shares of the construction company’s stock valued at $5,287,000 after purchasing an additional 23,117 shares in the last quarter. Hsbc Holdings PLC boosted its position in Dycom Industries by 193.7% during the 2nd quarter. Hsbc Holdings PLC now owns 7,819 shares of the construction company’s stock worth $1,317,000 after buying an additional 5,157 shares during the period. Assenagon Asset Management S.A. grew its holdings in Dycom Industries by 2,353.9% during the 2nd 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 last quarter. Whalen Wealth Management Inc. acquired a new position in Dycom Industries in the 3rd quarter valued at approximately $773,000. Finally, Creative Planning raised its stake in shares of Dycom Industries by 19.2% during the third quarter. Creative Planning now owns 6,560 shares of the construction company’s stock valued at $1,293,000 after acquiring an additional 1,055 shares during the last quarter. Institutional investors own 98.33% of the company’s stock.

Dycom Industries Price Performance

Shares of DY opened at $180.67 on Thursday. The firm has a market cap 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. Dycom Industries, Inc. has a 52-week low of $99.69 and a 52-week high of $207.20. The business’s 50 day moving average price is $189.03 and its two-hundred day moving average price is $179.94. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.93 and a current ratio of 3.12.

Analysts Set New Price Targets

DY has been the subject of a number of recent research reports. Bank of America increased their price objective on Dycom Industries from $198.00 to $204.00 and gave the company a “buy” rating in a report on Friday, August 23rd. DA Davidson restated a “buy” rating and set a $210.00 price objective on shares of Dycom Industries in a research report on Tuesday, November 19th. Wells Fargo & Company lifted their price objective on Dycom Industries from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. B. Riley increased 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. Finally, KeyCorp boosted their price target 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. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Dycom Industries presently has an average rating of “Buy” and an average price target of $206.13.

About Dycom Industries

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.