Dycom Industries, Inc. $DY Stake Decreased by NFJ Investment Group LLC

NFJ Investment Group LLC lessened its holdings in shares of Dycom Industries, Inc. (NYSE:DY) by 25.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,773 shares of the construction company’s stock after selling 2,625 shares during the period. NFJ Investment Group LLC’s holdings in Dycom Industries were worth $2,626,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in DY. Jones Financial Companies Lllp raised its holdings in shares of Dycom Industries by 4,626.1% during the first quarter. Jones Financial Companies Lllp now owns 2,174 shares of the construction company’s stock valued at $331,000 after buying an additional 2,128 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Dycom Industries by 7.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 69,726 shares of the construction company’s stock valued at $10,622,000 after buying an additional 4,985 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Dycom Industries by 7.0% during the second quarter. Invesco Ltd. now owns 227,127 shares of the construction company’s stock valued at $55,508,000 after buying an additional 14,891 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Dycom Industries by 73.1% during the second quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock valued at $39,000 after buying an additional 68 shares during the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of Dycom Industries by 8.9% during the second quarter. Cerity Partners LLC now owns 2,239 shares of the construction company’s stock valued at $547,000 after buying an additional 183 shares during the last quarter. Institutional investors own 98.33% of the company’s stock.

Dycom Industries Trading Up 0.1%

Dycom Industries stock opened at $469.52 on Monday. 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 has a market cap of $14.10 billion, a price-to-earnings ratio of 44.67, a price-to-earnings-growth ratio of 0.88 and a beta of 1.49. Dycom Industries, Inc. has a 1 year low of $229.97 and a 1 year high of $566.47. The firm’s 50 day moving average price is $427.64 and its two-hundred day moving average price is $388.85.

Dycom Industries (NYSE:DY) last posted its quarterly earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the previous year, the business posted $2.09 earnings per share. The firm’s quarterly revenue 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. On average, research analysts predict that Dycom Industries, Inc. will post 14.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Wedbush set a $654.00 price objective on shares of Dycom Industries in a research note on Friday, May 29th. Cantor Fitzgerald raised their price objective on shares of Dycom Industries from $436.00 to $654.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. B. Riley Financial raised their price objective on shares of Dycom Industries from $485.00 to $625.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. KeyCorp raised their price objective on shares of Dycom Industries from $482.00 to $610.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Finally, Weiss Ratings upgraded shares of Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $554.92.

Dycom Industries 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.