New Age Alpha Advisors LLC boosted its stake in shares of Dycom Industries, Inc. (NYSE:DY – Free Report) by 486.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,881 shares of the construction company’s stock after buying an additional 6,538 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Dycom Industries were worth $2,663,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. grew its position in Dycom Industries by 265,593,055.6% during 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 buying an additional 23,903,375 shares during the period. Peconic Partners LLC grew its position in Dycom Industries by 2.8% during the second quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock worth $933,038,000 after buying an additional 105,586 shares during the period. Millennium Management LLC grew its position in Dycom Industries by 21.0% during the third quarter. Millennium Management LLC now owns 1,324,938 shares of the construction company’s stock worth $386,564,000 after buying an additional 229,579 shares during the period. First Trust Advisors LP grew its position in Dycom Industries by 6.8% during the third quarter. First Trust Advisors LP now owns 604,865 shares of the construction company’s stock worth $176,475,000 after buying an additional 38,472 shares during the period. Finally, Nordea Investment Management AB grew its position in Dycom Industries by 5,603.6% during the fourth quarter. Nordea Investment Management AB now owns 405,580 shares of the construction company’s stock worth $139,057,000 after buying an additional 398,469 shares during the period. 98.33% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
DY has been the topic of several research reports. Weiss Ratings lowered shares of Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $436.00 price target on shares of Dycom Industries in a research report on Friday, March 27th. Wall Street Zen lowered shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 7th. B. Riley Financial increased their price target on shares of Dycom Industries from $420.00 to $485.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Finally, Bank of America increased their price target on shares of Dycom Industries from $365.00 to $475.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $431.64.
Dycom Industries Stock Up 2.5%
DY stock opened at $421.68 on Wednesday. The company’s 50 day simple moving average is $392.07 and its 200-day simple moving average is $372.25. The firm has a market capitalization of $12.66 billion, a PE ratio of 43.93, a P/E/G ratio of 0.94 and a beta of 1.46. Dycom Industries, Inc. has a 12 month low of $223.19 and a 12 month 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.
Dycom Industries (NYSE:DY – Get Free Report) 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 firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the business earned $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. Equities analysts expect that Dycom Industries, Inc. will post 12.89 earnings per share 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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