CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Purchases Shares of 15,000 Dycom Industries, Inc. $DY

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new stake in shares of Dycom Industries, Inc. (NYSE:DY) during the fourth quarter, Holdings Channel reports. The firm purchased 15,000 shares of the construction company’s stock, valued at approximately $5,068,000.

A number of other large investors have also added to or reduced their stakes in DY. Root Financial Partners LLC purchased a new stake in Dycom Industries during the third quarter valued at about $26,000. Optiver Holding B.V. increased its holdings in shares of Dycom Industries by 57.1% in the third quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock worth $32,000 after buying an additional 40 shares during the period. Sound Income Strategies LLC purchased a new position in shares of Dycom Industries in the fourth quarter worth about $32,000. CI Investments Inc. increased its holdings in shares of Dycom Industries by 259.4% in the third quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock worth $34,000 after buying an additional 83 shares during the period. Finally, Salomon & Ludwin LLC purchased a new position in shares of Dycom Industries in the third quarter worth about $37,000. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Dycom Industries Stock Down 0.0%

NYSE DY opened at $400.36 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 stock has a market capitalization of $12.00 billion, a PE ratio of 41.70, a PEG ratio of 0.93 and a beta of 1.38. Dycom Industries, Inc. has a 1 year low of $149.38 and a 1 year high of $445.52. The business’s 50-day moving average is $382.38 and its 200 day moving average is $348.50.

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on DY shares. Guggenheim started coverage on Dycom Industries in a report on Thursday, January 22nd. They issued a “buy” rating and a $510.00 price objective on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $436.00 price objective on shares of Dycom Industries in a report on Friday, March 27th. KeyCorp lifted their price objective on Dycom Industries from $426.00 to $482.00 and gave the stock an “overweight” rating in a report on Thursday, March 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Dycom Industries in a report on Wednesday, January 21st. Finally, Zacks Research upgraded Dycom Industries from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. One research 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $431.64.

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.