William Blair Investment Management LLC bought a new stake in Dycom Industries, Inc. (NYSE:DY – Free Report) during the second quarter, HoldingsChannel.com reports. The fund bought 47,269 shares of the construction company’s stock, valued at approximately $23,899,000.
Other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its position in Dycom Industries by 265,593,055.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 23,903,384 shares of the construction company’s stock worth $8,076,953,000 after acquiring an additional 23,903,375 shares during the last quarter. Peconic Partners LLC grew its stake in shares of Dycom Industries by 2.8% during the 2nd quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock worth $933,038,000 after acquiring an additional 105,586 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of Dycom Industries in the second quarter valued at approximately $1,513,523,000. First Trust Advisors LP raised its holdings in shares of Dycom Industries by 27.8% in the first quarter. First Trust Advisors LP now owns 798,699 shares of the construction company’s stock valued at $270,615,000 after purchasing an additional 173,528 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Dycom Industries by 8.0% in the fourth quarter. Geode Capital Management LLC now owns 727,238 shares of the construction company’s stock worth $245,771,000 after purchasing an additional 53,993 shares in the last quarter. Institutional investors own 98.33% of the company’s stock.
Analyst Ratings Changes
Several research analysts recently commented on DY shares. Wells Fargo & Company increased their target price on shares of Dycom Industries from $500.00 to $650.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. B. Riley Financial lifted their price target on shares of Dycom Industries from $485.00 to $625.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Guggenheim boosted their price target on shares of Dycom Industries from $575.00 to $620.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Wall Street Zen downgraded shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Finally, Wedbush set a $654.00 price objective on Dycom Industries in a report on Friday, May 29th. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Dycom Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $578.09.
Dycom Industries Trading Down 1.7%
Shares of Dycom Industries stock opened at $393.24 on Friday. The stock has a market cap of $11.81 billion, a P/E ratio of 37.42, a P/E/G ratio of 0.69 and a beta of 1.54. The company has a quick ratio of 2.46, a current ratio of 2.58 and a debt-to-equity ratio of 1.48. Dycom Industries, Inc. has a 12-month low of $242.55 and a 12-month high of $566.47. The business’s 50 day moving average is $431.31 and its 200-day moving average is $415.56.
Dycom Industries (NYSE:DY – Get Free Report) last released its earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share for the quarter, beating the consensus estimate of $2.73 by $1.69. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The firm’s revenue was up 56.1% on a year-over-year basis. During the same period last year, the business earned $2.09 earnings per share. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. Equities research analysts predict that Dycom Industries, Inc. will post 15.45 earnings per share for the current fiscal year.
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.
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