Callahan Advisors LLC lowered its holdings in Dycom Industries, Inc. (NYSE:DY – Free Report) by 7.9% in the 4th quarter, HoldingsChannel reports. The firm owned 30,009 shares of the construction company’s stock after selling 2,562 shares during the quarter. Callahan Advisors LLC’s holdings in Dycom Industries were worth $10,140,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of DY. Root Financial Partners LLC bought a new stake in shares of Dycom Industries in the 3rd quarter valued at about $26,000. Optiver Holding B.V. grew its position in shares of Dycom Industries by 57.1% in the 3rd 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 last quarter. Sound Income Strategies LLC purchased a new position in shares of Dycom Industries in the 4th quarter worth approximately $32,000. CI Investments Inc. grew its position in shares of Dycom Industries by 259.4% in the 3rd 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 last quarter. Finally, UMB Bank n.a. grew its position in shares of Dycom Industries by 57.3% in the 3rd quarter. UMB Bank n.a. now owns 129 shares of the construction company’s stock worth $38,000 after buying an additional 47 shares during the last quarter. Institutional investors own 98.33% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the stock. B. Riley Financial lifted their price objective on shares of Dycom Industries from $420.00 to $485.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. KeyCorp lifted their price objective on shares of Dycom Industries from $426.00 to $482.00 and gave the stock an “overweight” rating in a research report on Thursday, March 5th. Guggenheim assumed coverage on shares of Dycom Industries in a research report on Thursday, January 22nd. They issued a “buy” rating and a $510.00 price objective on the stock. 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 report on Thursday, March 5th. Finally, UBS Group set a $475.00 price objective on shares of Dycom Industries and gave the stock a “buy” rating in a research report on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Dycom Industries presently has a consensus rating of “Buy” and an average target price of $431.64.
Dycom Industries Stock Down 0.2%
NYSE:DY opened at $412.72 on Thursday. The company has a market cap of $12.39 billion, a PE ratio of 42.99, a P/E/G ratio of 0.95 and a beta of 1.46. Dycom Industries, Inc. has a twelve month low of $212.26 and a twelve month high of $464.82. The company has a current ratio of 2.74, a quick ratio of 2.61 and a debt-to-equity ratio of 1.51. The company’s 50 day moving average is $387.53 and its two-hundred day moving average is $368.63.
Dycom Industries (NYSE:DY – Get Free Report) last released its earnings results on Wednesday, March 4th. The construction company reported $2.03 earnings per share 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 the consensus estimate of $1.34 billion. Dycom Industries had a net margin of 5.07% and a return on equity of 21.77%. Dycom Industries’s revenue was up 34.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.17 EPS. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. Analysts anticipate that Dycom Industries, Inc. will post 12.89 EPS for the current year.
About Dycom Industries
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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