OP Asset Management Ltd Takes $1.57 Million Position in Dycom Industries, Inc. $DY

OP Asset Management Ltd bought a new stake in shares of Dycom Industries, Inc. (NYSE:DY) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 4,629 shares of the construction company’s stock, valued at approximately $1,568,000.

Several other institutional investors and hedge funds have also bought and sold shares of DY. Northwestern Mutual Wealth Management Co. grew 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 worth $8,076,953,000 after purchasing an additional 23,903,375 shares during the period. Peconic Partners LLC raised its holdings in shares of Dycom Industries by 2.8% during 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 during the period. Millennium Management LLC raised its holdings in shares of Dycom Industries by 21.0% during 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 during the period. Geode Capital Management LLC boosted its position in shares of Dycom Industries by 8.0% during the 4th quarter. Geode Capital Management LLC now owns 727,238 shares of the construction company’s stock worth $245,771,000 after purchasing an additional 53,993 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Dycom Industries by 3.4% in the 4th quarter. First Trust Advisors LP now owns 625,171 shares of the construction company’s stock valued at $211,245,000 after buying an additional 20,306 shares during the period. 98.33% of the stock is owned by institutional investors.

Dycom Industries Trading Up 0.2%

NYSE:DY opened at $489.10 on Monday. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.58 and a quick ratio of 2.46. The firm has a 50-day moving average of $446.92 and a 200-day moving average of $397.17. The company has a market cap of $14.69 billion, a PE ratio of 46.54, a PEG ratio of 0.86 and a beta of 1.49. Dycom Industries, Inc. has a one year low of $233.00 and a one year high of $566.47.

Dycom Industries (NYSE:DY) last posted its earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share for the quarter, topping analysts’ consensus estimates of $2.73 by $1.69. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the prior year, the business posted $2.09 EPS. The firm’s revenue was up 56.1% compared to the same quarter last year. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. As a group, equities research analysts expect that Dycom Industries, Inc. will post 15.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on DY shares. JPMorgan Chase & Co. boosted their target price on Dycom Industries from $415.00 to $650.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. KeyCorp increased their price target on Dycom Industries from $482.00 to $610.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Weiss Ratings cut Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 18th. Cantor Fitzgerald boosted their price objective on Dycom Industries from $436.00 to $654.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Finally, UBS Group reaffirmed a “buy” rating and set a $611.00 target price on shares of Dycom Industries in a research report on Friday, May 29th. Two research analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target 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.