SG Americas Securities LLC Increases Stake in Dycom Industries, Inc. $DY

SG Americas Securities LLC grew its position in Dycom Industries, Inc. (NYSE:DY) by 150.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,724 shares of the construction company’s stock after acquiring an additional 8,247 shares during the period. SG Americas Securities LLC’s holdings in Dycom Industries were worth $4,637,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Peconic Partners LLC lifted its position in Dycom Industries by 2.8% in the second quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock valued at $933,038,000 after purchasing an additional 105,586 shares during the period. Millennium Management LLC increased its position in Dycom Industries by 21.0% during the 3rd quarter. Millennium Management LLC now owns 1,324,938 shares of the construction company’s stock worth $386,564,000 after purchasing an additional 229,579 shares during the period. First Trust Advisors LP raised its stake in shares of Dycom Industries by 6.8% during the 3rd quarter. First Trust Advisors LP now owns 604,865 shares of the construction company’s stock worth $176,475,000 after buying an additional 38,472 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Dycom Industries by 5,603.6% during the 4th quarter. Nordea Investment Management AB now owns 405,580 shares of the construction company’s stock worth $139,057,000 after buying an additional 398,469 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Dycom Industries by 15.2% in the 3rd quarter. Bank of America Corp DE now owns 354,225 shares of the construction company’s stock valued at $103,349,000 after buying an additional 46,680 shares during the period. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DY has been the topic of a number of recent analyst reports. Bank of America upped their price objective on Dycom Industries from $365.00 to $475.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. UBS Group set a $475.00 target price on Dycom Industries and gave the company a “buy” rating in a report on Friday, March 6th. Wall Street Zen cut shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th. Guggenheim initiated coverage on shares of Dycom Industries in a report on Thursday, January 22nd. They issued a “buy” rating and a $510.00 price target for the company. Finally, KeyCorp raised their price objective on shares of Dycom Industries from $426.00 to $482.00 and gave the company an “overweight” rating in a research note on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Dycom Industries presently has an average rating of “Moderate Buy” and an average target price of $431.64.

Dycom Industries Stock Up 2.6%

Dycom Industries stock opened at $347.70 on Thursday. The firm has a market capitalization of $10.42 billion, a price-to-earnings ratio of 36.22, a price-to-earnings-growth ratio of 0.78 and a beta of 1.38. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.61 and a current ratio of 2.74. Dycom Industries, Inc. has a fifty-two week low of $131.37 and a fifty-two week high of $445.52. The stock’s fifty day moving average is $381.42 and its two-hundred day moving average is $339.73.

Dycom Industries (NYSE:DY) last issued its quarterly earnings data on Wednesday, March 4th. The construction company reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.12. Dycom Industries had a net margin of 5.07% and a return on equity of 21.77%. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the prior year, the company earned $1.17 EPS. The firm’s revenue was up 34.4% on a year-over-year basis. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. Analysts predict that Dycom Industries, Inc. will post 7.13 EPS for the current fiscal year.

Insider Activity at Dycom Industries

In other news, Director Eitan Gertel sold 3,645 shares of the firm’s stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $345.62, for a total transaction of $1,259,784.90. Following the completion of the transaction, the director directly owned 15,997 shares of the company’s stock, valued at $5,528,883.14. This trade represents a 18.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.72% of the stock is owned by corporate insiders.

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.