Virtu Financial LLC Buys New Stake in Dycom Industries, Inc. $DY

Virtu Financial LLC purchased a new stake in Dycom Industries, Inc. (NYSE:DY) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,797 shares of the construction company’s stock, valued at approximately $2,634,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DY. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Dycom Industries by 265,593,055.6% in the 4th 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 buying an additional 23,903,375 shares during the period. Nordea Investment Management AB grew its holdings in Dycom Industries by 5,603.6% during the fourth quarter. Nordea Investment Management AB now owns 405,580 shares of the construction company’s stock worth $139,057,000 after acquiring an additional 398,469 shares during the period. Millennium Management LLC grew its holdings in Dycom Industries by 21.0% during the third quarter. Millennium Management LLC now owns 1,324,938 shares of the construction company’s stock worth $386,564,000 after acquiring an additional 229,579 shares during the period. Alyeska Investment Group L.P. purchased a new position in Dycom Industries during the third quarter valued at approximately $44,553,000. Finally, Cartenna Capital LP purchased a new position in Dycom Industries during the third quarter valued at approximately $40,846,000. 98.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on DY. Zacks Research upgraded Dycom Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Wells Fargo & Company raised their price objective on shares of Dycom Industries from $500.00 to $650.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Weiss Ratings lowered shares of Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Bank of America boosted their target price on shares of Dycom Industries from $365.00 to $475.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Finally, KeyCorp increased their price target on shares of Dycom Industries from $482.00 to $610.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Two investment analysts have rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $554.92.

Dycom Industries Stock Performance

NYSE DY opened at $456.23 on Friday. The stock has a market capitalization of $13.70 billion, a price-to-earnings ratio of 43.41, a PEG ratio of 0.85 and a beta of 1.49. The stock has a 50-day moving average of $438.30 and a 200 day moving average of $392.37. 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 $230.00 and a twelve month high of $566.47.

Dycom Industries (NYSE:DY) last issued its quarterly earnings data on Wednesday, May 27th. The construction company reported $4.42 EPS for the quarter, beating the consensus estimate of $2.73 by $1.69. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.67 billion. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.Dycom Industries’s quarterly revenue was up 56.1% compared to the same quarter last year. During the same period last year, the company earned $2.09 earnings per share. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. Sell-side analysts anticipate that Dycom Industries, Inc. will post 14.54 EPS 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.