Versor Investments LP Has $237,000 Stock Holdings in Dycom Industries, Inc. $DY

Versor Investments LP cut its holdings in Dycom Industries, Inc. (NYSE:DY) by 72.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 700 shares of the construction company’s stock after selling 1,804 shares during the quarter. Versor Investments LP’s holdings in Dycom Industries were worth $237,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB lifted its stake in Dycom Industries by 5,603.6% in the fourth quarter. Nordea Investment Management AB now owns 405,580 shares of the construction company’s stock valued at $139,057,000 after acquiring an additional 398,469 shares during the last quarter. American Century Companies Inc. lifted its stake in Dycom Industries by 58.4% in the third quarter. American Century Companies Inc. now owns 97,801 shares of the construction company’s stock valued at $28,534,000 after acquiring an additional 36,074 shares during the last quarter. New York Life Investment Management LLC acquired a new stake in Dycom Industries in the third quarter valued at approximately $830,000. Wilson Asset Management International PTY Ltd. acquired a new stake in shares of Dycom Industries in the fourth quarter worth $1,014,000. Finally, 12th Street Asset Management Company LLC lifted its stake in shares of Dycom Industries by 48.9% in the third quarter. 12th Street Asset Management Company LLC now owns 67,238 shares of the construction company’s stock worth $19,617,000 after buying an additional 22,077 shares during the last quarter. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. UBS Group set a $475.00 price objective on shares of Dycom Industries and gave the stock a “buy” rating in a research note on Friday, March 6th. B. Riley Financial boosted their price objective on shares of Dycom Industries from $420.00 to $485.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Cantor Fitzgerald restated an “overweight” rating and issued a $436.00 price objective on shares of Dycom Industries in a research note on Friday, March 27th. Zacks Research upgraded shares of Dycom Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Dycom Industries from $395.00 to $415.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $431.64.

Dycom Industries Trading Down 3.0%

Shares of DY stock opened at $437.25 on Friday. Dycom Industries, Inc. has a 1 year low of $190.00 and a 1 year high of $464.82. The firm’s fifty day simple moving average is $384.37 and its 200 day simple moving average is $365.34. The firm has a market capitalization of $13.13 billion, a P/E ratio of 45.55, a price-to-earnings-growth ratio of 1.04 and a beta of 1.46. The company has a current ratio of 2.74, a quick ratio of 2.61 and a debt-to-equity ratio of 1.51.

Dycom Industries (NYSE:DY) last announced its earnings results on Wednesday, March 4th. The construction company reported $2.03 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the firm posted $1.17 earnings per share. Dycom Industries’s revenue was up 34.4% compared to the same quarter last year. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. As a group, sell-side analysts predict that Dycom Industries, Inc. will post 12.88 EPS for the current year.

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.