Gamco Investors INC. ET AL decreased its position in shares of Dycom Industries, Inc. (NYSE:DY – Free Report) by 40.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,727 shares of the construction company’s stock after selling 1,839 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Dycom Industries were worth $921,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Leuthold Group LLC boosted its holdings in shares of Dycom Industries by 0.4% during the fourth quarter. Leuthold Group LLC now owns 16,139 shares of the construction company’s stock valued at $5,453,000 after acquiring an additional 69 shares during the period. Northwestern Mutual Investment Management Company LLC acquired a new stake in Dycom Industries in the fourth quarter worth about $2,189,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Dycom Industries by 265,593,055.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 23,903,384 shares of the construction company’s stock worth $8,076,953,000 after purchasing an additional 23,903,375 shares during the period. Bessemer Group Inc. lifted its holdings in Dycom Industries by 17,850.7% in the fourth quarter. Bessemer Group Inc. now owns 26,926 shares of the construction company’s stock worth $9,097,000 after purchasing an additional 26,776 shares during the period. Finally, Independent Advisor Alliance lifted its holdings in Dycom Industries by 930.9% in the fourth quarter. Independent Advisor Alliance now owns 7,598 shares of the construction company’s stock worth $2,567,000 after purchasing an additional 6,861 shares during the period. Institutional investors and hedge funds own 98.33% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the stock. Zacks Research raised shares of Dycom Industries from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. 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. JPMorgan Chase & Co. lifted 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. 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. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $436.00 price objective on shares of Dycom Industries in a research note on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $431.64.
Dycom Industries Price Performance
Shares of DY opened at $412.73 on Friday. The company has a market capitalization of $12.39 billion, a price-to-earnings ratio of 42.99, a P/E/G ratio of 0.95 and a beta of 1.46. Dycom Industries, Inc. has a fifty-two week low of $220.60 and a fifty-two week high of $464.82. 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 business’s 50-day moving average is $389.47 and its 200-day moving average is $369.82.
Dycom Industries (NYSE:DY – Get Free Report) last issued 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. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.34 billion. Dycom Industries had a return on equity of 21.77% and a net margin of 5.07%.The business’s quarterly revenue was up 34.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.17 earnings per share. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. Equities research analysts expect that Dycom Industries, Inc. will post 12.89 EPS for the current fiscal year.
Dycom Industries Company 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.
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