SIR Capital Management L.P. Sells 16,900 Shares of Dycom Industries, Inc. $DY

SIR Capital Management L.P. decreased its position in shares of Dycom Industries, Inc. (NYSE:DY) by 63.8% in the 4th quarter, HoldingsChannel reports. The fund owned 9,577 shares of the construction company’s stock after selling 16,900 shares during the period. SIR Capital Management L.P.’s holdings in Dycom Industries were worth $3,236,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Optiver Holding B.V. lifted its holdings in shares of Dycom Industries by 57.1% in the 3rd quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock worth $32,000 after purchasing an additional 40 shares in the last quarter. Sound Income Strategies LLC bought a new position in shares of Dycom Industries in the 4th quarter worth $32,000. CI Investments Inc. lifted its holdings in shares of Dycom Industries by 259.4% in the 3rd quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock worth $34,000 after purchasing an additional 83 shares in the last quarter. Legacy Wealth Managment LLC ID bought a new position in shares of Dycom Industries in the 4th quarter worth $39,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Dycom Industries by 73.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock worth $39,000 after purchasing an additional 68 shares in the last quarter. 98.33% of the stock is currently owned by institutional investors.

Dycom Industries Price Performance

Shares of NYSE DY opened at $469.52 on Friday. Dycom Industries, Inc. has a fifty-two week low of $229.97 and a fifty-two week high of $566.47. The stock has a market cap of $14.10 billion, a price-to-earnings ratio of 44.67, a PEG ratio of 0.87 and a beta of 1.49. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.46 and a current ratio of 2.58. The firm’s 50-day simple moving average is $427.64 and its 200 day simple moving average is $388.51.

Dycom Industries (NYSE:DY) last announced its quarterly earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share for the quarter, beating the consensus estimate of $2.73 by $1.69. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter last year, the firm earned $2.09 EPS. The firm’s revenue for the quarter was up 56.1% compared to the same quarter last year. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. As a group, research analysts anticipate that Dycom Industries, Inc. will post 14.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on DY shares. KeyCorp increased their target price on Dycom Industries from $482.00 to $610.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Wells Fargo & Company raised their price target on shares of Dycom Industries from $500.00 to $650.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Weiss Ratings raised shares of Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. Wedbush set a $654.00 price target on shares of Dycom Industries in a research report on Friday, May 29th. Finally, Wall Street Zen raised shares of Dycom Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 6th. Two analysts have rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. According to MarketBeat.com, Dycom Industries presently has a consensus rating of “Buy” and a consensus price target of $554.92.

Dycom Industries Company Profile

Dycom Industries, Inc (NYSE: DY) is a leading provider of specialty contracting services to the telecommunications industry in North America. The company delivers engineering, construction, installation and maintenance solutions for communications infrastructure, supporting a broad range of network technologies and system architectures. Dycom’s services span outside plant construction, cable placement, fiber optic deployment, wireless and wireline network engineering, as well as testing and turn-up services for voice, data and video applications.

Dycom’s customer base includes major telecommunications carriers, cable operators, utility companies and competitive local exchange carriers.