William Blair Investment Management LLC Trims Holdings in Dycom Industries, Inc. $DY

William Blair Investment Management LLC lessened its holdings in shares of Dycom Industries, Inc. (NYSE:DY) by 6.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,939 shares of the construction company’s stock after selling 5,492 shares during the period. William Blair Investment Management LLC owned about 0.27% of Dycom Industries worth $26,673,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its holdings in Dycom Industries by 17.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the construction company’s stock valued at $69,000 after purchasing an additional 30 shares during the period. First Bank & Trust grew its holdings in shares of Dycom Industries by 1.6% during the 4th quarter. First Bank & Trust now owns 2,106 shares of the construction company’s stock worth $712,000 after acquiring an additional 33 shares during the period. CWM LLC grew its holdings in shares of Dycom Industries by 1.9% during the 4th quarter. CWM LLC now owns 1,956 shares of the construction company’s stock worth $661,000 after acquiring an additional 36 shares during the period. Optiver Holding B.V. grew its holdings in shares of Dycom Industries by 57.1% during the 3rd quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock worth $32,000 after acquiring an additional 40 shares during the period. Finally, UMB Bank n.a. grew its holdings in shares of Dycom Industries by 57.3% during the 3rd quarter. UMB Bank n.a. now owns 129 shares of the construction company’s stock worth $38,000 after acquiring an additional 47 shares during the period. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Dycom Industries Stock Performance

Shares of DY opened at $412.73 on Tuesday. The company has a quick ratio of 2.61, a current ratio of 2.74 and a debt-to-equity ratio of 1.51. The business’s 50 day moving average price is $390.59 and its 200-day moving average price is $371.33. Dycom Industries, Inc. has a 52 week low of $220.60 and a 52 week high of $464.82. The stock has a market cap of $12.39 billion, a P/E ratio of 42.99, a P/E/G ratio of 0.94 and a beta of 1.46.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Wednesday, March 4th. The construction company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.12. Dycom Industries had a return on equity of 21.77% and a net margin of 5.07%.The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the previous year, the firm posted $1.17 EPS. The business’s revenue for the quarter 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 research analysts anticipate that Dycom Industries, Inc. will post 12.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on DY shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $436.00 target price on shares of Dycom Industries in a report on Friday, March 27th. UBS Group set a $475.00 target price on Dycom Industries and gave the stock a “buy” rating in a report on Friday, March 6th. JPMorgan Chase & Co. upped their target price on Dycom Industries from $395.00 to $415.00 and gave the stock an “overweight” rating in a report on Thursday, March 5th. Wall Street Zen downgraded Dycom Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 7th. Finally, Bank of America upped their target price on Dycom Industries from $365.00 to $475.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. One investment 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 company. According to MarketBeat, Dycom Industries has an average rating of “Buy” and an average price target 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.