Mariner Investment Group LLC Takes Position in Dycom Industries, Inc. $DY

Mariner Investment Group LLC purchased a new position in Dycom Industries, Inc. (NYSE:DY) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,000 shares of the construction company’s stock, valued at approximately $1,014,000.

Several other large investors have also added to or reduced their stakes in DY. Jones Financial Companies Lllp raised its holdings in Dycom Industries by 4,626.1% in the 1st quarter. Jones Financial Companies Lllp now owns 2,174 shares of the construction company’s stock worth $331,000 after purchasing an additional 2,128 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Dycom Industries by 7.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 69,726 shares of the construction company’s stock valued at $10,622,000 after purchasing an additional 4,985 shares in the last quarter. Invesco Ltd. increased its position in shares of Dycom Industries by 7.0% during the second quarter. Invesco Ltd. now owns 227,127 shares of the construction company’s stock valued at $55,508,000 after buying an additional 14,891 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Dycom Industries by 73.1% during the second quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock valued at $39,000 after buying an additional 68 shares during the period. Finally, Cerity Partners LLC raised its stake in Dycom Industries by 8.9% in the second quarter. Cerity Partners LLC now owns 2,239 shares of the construction company’s stock worth $547,000 after buying an additional 183 shares in the last quarter. Institutional investors own 98.33% of the company’s stock.

Dycom Industries Price Performance

DY stock opened at $456.23 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.46 and a current ratio of 2.58. The firm has a 50 day moving average price of $436.80 and a 200-day moving average price of $391.92. Dycom Industries, Inc. has a 52-week low of $230.00 and a 52-week high of $566.47. The firm has a market capitalization of $13.70 billion, a price-to-earnings ratio of 43.41, a PEG ratio of 0.86 and a beta of 1.49.

Dycom Industries (NYSE:DY) last posted its quarterly earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share for the quarter, topping the consensus estimate of $2.73 by $1.69. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.67 billion. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.The firm’s quarterly revenue was up 56.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.09 EPS. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. Equities research analysts forecast that Dycom Industries, Inc. will post 14.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on DY. Cantor Fitzgerald raised their price objective on shares of Dycom Industries from $436.00 to $654.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. Wall Street Zen raised Dycom Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 6th. Zacks Research upgraded Dycom Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 8th. JPMorgan Chase & Co. lifted their price target on Dycom Industries from $415.00 to $650.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Finally, B. Riley Financial upped their price target on Dycom Industries from $485.00 to $625.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $554.92.

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.