Northwestern Mutual Investment Management Company LLC Makes New $2.19 Million Investment in Dycom Industries, Inc. $DY

Northwestern Mutual Investment Management Company LLC bought a new position in shares of Dycom Industries, Inc. (NYSE:DYFree Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,479 shares of the construction company’s stock, valued at approximately $2,189,000.

A number of other hedge funds also recently added to or reduced their stakes in DY. Jones Financial Companies Lllp lifted its holdings in Dycom Industries by 4,626.1% during the 1st quarter. Jones Financial Companies Lllp now owns 2,174 shares of the construction company’s stock worth $331,000 after buying an additional 2,128 shares in 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% in the 1st 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 purchasing an additional 4,985 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Dycom Industries by 7.0% in the 2nd quarter. Invesco Ltd. now owns 227,127 shares of the construction company’s stock valued at $55,508,000 after purchasing an additional 14,891 shares in the last quarter. EverSource Wealth Advisors LLC raised 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 valued at $39,000 after purchasing an additional 68 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of Dycom Industries by 8.9% in the 2nd quarter. Cerity Partners LLC now owns 2,239 shares of the construction company’s stock valued at $547,000 after purchasing an additional 183 shares in the last quarter. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Dycom Industries Trading Down 3.0%

NYSE DY opened at $437.25 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.74 and a quick ratio of 2.61. The firm’s fifty day moving average price is $384.37 and its 200 day moving average price is $365.34. The company has a market capitalization of $13.13 billion, a price-to-earnings ratio of 45.55, a price-to-earnings-growth ratio of 1.00 and a beta of 1.46. Dycom Industries, Inc. has a 12 month low of $190.00 and a 12 month high of $464.82.

Dycom Industries (NYSE:DYGet Free Report) last posted its earnings results 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 the consensus estimate of $1.34 billion. During the same period last year, the firm posted $1.17 EPS. The company’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. On average, sell-side analysts expect that Dycom Industries, Inc. will post 12.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DY has been the topic of a number of analyst reports. Cantor Fitzgerald restated an “overweight” rating and issued a $436.00 price objective on shares of Dycom Industries in a report on Friday, March 27th. Zacks Research upgraded shares of Dycom Industries from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. 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 objective on the stock. Weiss Ratings lowered shares of Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday. 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 report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $431.64.

Get Our Latest Stock Analysis on DY

Dycom Industries Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Dycom Industries (NYSE:DY)

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