Dycom Industries, Inc. $DY Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 8.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 727,238 shares of the construction company’s stock after purchasing an additional 53,993 shares during the period. Geode Capital Management LLC’s holdings in Dycom Industries were worth $245,771,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. boosted its holdings in Dycom Industries by 265,593,055.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 23,903,384 shares of the construction company’s stock valued at $8,076,953,000 after purchasing an additional 23,903,375 shares in the last quarter. Peconic Partners LLC boosted its holdings in Dycom Industries by 2.8% in the second quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock valued at $933,038,000 after purchasing an additional 105,586 shares in the last quarter. Millennium Management LLC boosted its holdings in Dycom Industries by 21.0% in the third quarter. Millennium Management LLC now owns 1,324,938 shares of the construction company’s stock valued at $386,564,000 after purchasing an additional 229,579 shares in the last quarter. First Trust Advisors LP boosted its holdings in Dycom Industries by 6.8% in the third quarter. First Trust Advisors LP now owns 604,865 shares of the construction company’s stock valued at $176,475,000 after purchasing an additional 38,472 shares in the last quarter. Finally, Nordea Investment Management AB boosted its holdings in Dycom Industries by 5,603.6% in the fourth quarter. Nordea Investment Management AB now owns 405,580 shares of the construction company’s stock valued at $139,057,000 after purchasing an additional 398,469 shares in the last quarter. 98.33% of the stock is owned by institutional investors and hedge funds.

Dycom Industries Price Performance

Shares of NYSE DY opened at $484.59 on Wednesday. The company has a current ratio of 2.58, a quick ratio of 2.46 and a debt-to-equity ratio of 1.48. Dycom Industries, Inc. has a twelve month low of $229.40 and a twelve month high of $566.47. The stock has a 50 day moving average of $404.83 and a two-hundred day moving average of $378.68. The stock has a market cap of $14.55 billion, a P/E ratio of 46.11, a P/E/G ratio of 1.04 and a beta of 1.49.

Dycom Industries (NYSE:DY) last issued its quarterly earnings data on Wednesday, May 27th. The construction company reported $4.42 earnings per share for the quarter, beating analysts’ consensus estimates of $2.73 by $1.69. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the previous year, the business earned $2.09 earnings per share. The firm’s revenue for the quarter was up 56.1% on a year-over-year basis. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. On average, research analysts forecast that Dycom Industries, Inc. will post 12.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. B. Riley Financial upped their price target on Dycom Industries from $485.00 to $625.00 and gave the company a “buy” rating in a report on Thursday, May 28th. KeyCorp upped their price target on Dycom Industries from $482.00 to $610.00 and gave the company an “overweight” rating in a report on Monday. UBS Group reaffirmed a “buy” rating and issued a $611.00 price target on shares of Dycom Industries in a report on Friday. JPMorgan Chase & Co. upped their price target on Dycom Industries from $415.00 to $650.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. Finally, Wedbush set a $654.00 price target on Dycom Industries in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $554.92.

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.