Dycom Industries, Inc. $DY Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its position in Dycom Industries, Inc. (NYSE:DY) by 265,593,055.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,903,384 shares of the construction company’s stock after acquiring an additional 23,903,375 shares during the quarter. Dycom Industries makes up approximately 3.9% of Northwestern Mutual Wealth Management Co.’s holdings, making the stock its 6th largest position. Northwestern Mutual Wealth Management Co. owned 82.54% of Dycom Industries worth $8,076,953,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in DY. Bessemer Group Inc. lifted its position 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. Independent Advisor Alliance grew its position in Dycom Industries by 930.9% during the fourth quarter. Independent Advisor Alliance now owns 7,598 shares of the construction company’s stock valued at $2,567,000 after purchasing an additional 6,861 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Dycom Industries in the 4th quarter worth about $1,693,000. Trek Financial LLC acquired a new position in Dycom Industries in the fourth quarter worth approximately $3,306,000. Finally, Swiss Life Asset Management Ltd raised its holdings in shares of Dycom Industries by 57.7% during the 4th quarter. Swiss Life Asset Management Ltd now owns 2,129 shares of the construction company’s stock valued at $719,000 after purchasing an additional 779 shares in the last quarter. 98.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DY. Zacks Research raised Dycom Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Weiss Ratings lowered shares of Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday. Guggenheim began coverage on Dycom Industries in a research report on Thursday, January 22nd. They issued a “buy” rating and a $510.00 price objective for the company. KeyCorp boosted their target price on shares of Dycom Industries from $426.00 to $482.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. Finally, Wall Street Zen cut Dycom Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Dycom Industries presently has a consensus rating of “Buy” and an average price target of $431.64.

Dycom Industries Trading Down 3.0%

Shares of DY stock opened at $437.25 on Friday. The firm has a 50 day moving average price of $384.37 and a two-hundred day moving average price of $365.34. The company has a market capitalization of $13.13 billion, a PE ratio of 45.55, a price-to-earnings-growth ratio of 1.04 and a beta of 1.46. Dycom Industries, Inc. has a 12-month low of $190.00 and a 12-month high of $464.82. The company has a quick ratio of 2.61, a current ratio of 2.74 and a debt-to-equity ratio of 1.51.

Dycom Industries (NYSE:DY) 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 in the prior year, the business posted $1.17 EPS. The business’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. As a group, analysts predict that Dycom Industries, Inc. will post 12.88 earnings per share 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.