Nordea Investment Management AB Acquires 384 Shares of Dycom Industries, Inc. $DY

Nordea Investment Management AB raised its holdings in Dycom Industries, Inc. (NYSE:DY) by 5.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,155 shares of the construction company’s stock after acquiring an additional 384 shares during the period. Nordea Investment Management AB’s holdings in Dycom Industries were worth $1,747,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Bayforest Capital Ltd purchased a new stake in Dycom Industries in the second quarter valued at approximately $224,000. CWM LLC raised its position in shares of Dycom Industries by 99.0% during the 2nd quarter. CWM LLC now owns 1,562 shares of the construction company’s stock valued at $382,000 after buying an additional 777 shares in the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Dycom Industries during the 2nd quarter worth $435,000. Fifth Third Wealth Advisors LLC bought a new position in Dycom Industries in the second quarter valued at $221,000. Finally, KLP Kapitalforvaltning AS raised its position in Dycom Industries by 8.5% during the second quarter. KLP Kapitalforvaltning AS now owns 6,400 shares of the construction company’s stock valued at $1,564,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Dycom Industries Stock Down 3.6%

Shares of NYSE DY opened at $279.81 on Thursday. The company has a market cap of $8.10 billion, a price-to-earnings ratio of 31.44, a PEG ratio of 1.38 and a beta of 1.15. The company has a quick ratio of 2.96, a current ratio of 3.16 and a debt-to-equity ratio of 0.74. The firm’s fifty day moving average is $272.26 and its 200 day moving average is $237.65. Dycom Industries, Inc. has a 52 week low of $131.37 and a 52 week high of $301.88.

Dycom Industries (NYSE:DY) last released its quarterly earnings data on Wednesday, August 20th. The construction company reported $3.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.92 by $0.41. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Dycom Industries had a net margin of 5.23% and a return on equity of 21.17%. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.46 earnings per share. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. On average, equities research analysts expect that Dycom Industries, Inc. will post 7.13 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. UBS Group increased their price objective on Dycom Industries from $296.00 to $336.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Zacks Research upgraded shares of Dycom Industries from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Dycom Industries in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Dycom Industries from a “hold” rating to a “buy” rating in a research report on Friday, August 22nd. Finally, DA Davidson upped their price target on shares of Dycom Industries from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to MarketBeat, Dycom Industries presently has a consensus rating of “Buy” and a consensus target price of $301.38.

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.