M&G PLC Takes $10.92 Million Position in Dycom Industries, Inc. $DY

M&G PLC purchased a new stake in Dycom Industries, Inc. (NYSE:DY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 44,746 shares of the construction company’s stock, valued at approximately $10,918,000. M&G PLC owned 0.15% of Dycom Industries as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. AlphaQuest LLC bought a new position in shares of Dycom Industries in the first quarter worth $37,000. Federated Hermes Inc. grew its holdings in Dycom Industries by 27.1% during the 1st quarter. Federated Hermes Inc. now owns 492 shares of the construction company’s stock valued at $75,000 after buying an additional 105 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of Dycom Industries by 370.5% during the first quarter. Caitong International Asset Management Co. Ltd now owns 607 shares of the construction company’s stock valued at $92,000 after buying an additional 478 shares during the period. Archer Investment Corp purchased a new stake in shares of Dycom Industries in the first quarter worth about $99,000. Finally, CWM LLC boosted its position in shares of Dycom Industries by 40.7% in the first quarter. CWM LLC now owns 785 shares of the construction company’s stock valued at $120,000 after acquiring an additional 227 shares during the period. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DY. KeyCorp boosted their price target on shares of Dycom Industries from $306.00 to $320.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Wall Street Zen raised shares of Dycom Industries from a “hold” rating to a “buy” rating in a research note on Friday, August 22nd. Bank of America lifted their price objective on shares of Dycom Industries from $299.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Raymond James Financial increased their target price on Dycom Industries from $290.00 to $300.00 and gave the company a “strong-buy” rating in a research note on Thursday, August 21st. Finally, Wells Fargo & Company increased their price objective on Dycom Industries from $295.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, September 26th. Two equities research analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $301.38.

Dycom Industries Price Performance

Shares of NYSE DY opened at $295.75 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.16 and a quick ratio of 2.96. Dycom Industries, Inc. has a 1 year low of $131.37 and a 1 year high of $301.88. The company’s 50-day moving average is $280.98 and its 200 day moving average is $252.96. The stock has a market capitalization of $8.56 billion, a P/E ratio of 33.23, a P/E/G ratio of 1.38 and a beta of 1.23.

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

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.