Securian Asset Management Inc. Takes Position in Dycom Industries, Inc. $DY

Securian Asset Management Inc. purchased a new position in shares of Dycom Industries, Inc. (NYSE:DY) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,110 shares of the construction company’s stock, valued at approximately $713,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Root Financial Partners LLC bought a new position in Dycom Industries during the third quarter worth about $26,000. Optiver Holding B.V. boosted its holdings in Dycom Industries by 57.1% in the 3rd quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock worth $32,000 after buying an additional 40 shares during the period. Sound Income Strategies LLC purchased a new position in Dycom Industries in the 4th quarter valued at approximately $32,000. CI Investments Inc. raised its holdings in Dycom Industries by 259.4% during the 3rd quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock valued at $34,000 after acquiring an additional 83 shares during the period. Finally, UMB Bank n.a. raised its holdings in Dycom Industries by 57.3% during the 3rd quarter. UMB Bank n.a. now owns 129 shares of the construction company’s stock valued at $38,000 after acquiring an additional 47 shares during the period. 98.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DY. JPMorgan Chase & Co. lifted their price target on Dycom Industries from $395.00 to $415.00 and gave the company an “overweight” rating in a research report on Thursday, March 5th. Guggenheim began coverage on Dycom Industries in a report on Thursday, January 22nd. They set a “buy” rating and a $510.00 price objective on the stock. KeyCorp lifted their target price on Dycom Industries from $426.00 to $482.00 and gave the company an “overweight” rating in a report on Thursday, March 5th. B. Riley Financial upped their price target on Dycom Industries from $420.00 to $485.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Finally, UBS Group set a $475.00 price objective on shares of Dycom Industries and gave the company a “buy” rating in a research report on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $431.64.

Dycom Industries Price Performance

Dycom Industries stock opened at $450.74 on Friday. The stock has a market cap of $13.53 billion, a price-to-earnings ratio of 46.95, a PEG ratio of 1.02 and a beta of 1.46. 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 has a 50-day simple moving average of $383.39 and a 200 day simple moving average of $364.83. Dycom Industries, Inc. has a 52 week low of $186.42 and a 52 week high of $464.82.

Dycom Industries (NYSE:DY) last released its quarterly earnings results on Wednesday, March 4th. The construction company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.12. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Dycom Industries had a return on equity of 21.77% and a net margin of 5.07%.The company’s revenue was up 34.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.17 EPS. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. On average, research analysts forecast that Dycom Industries, Inc. will post 12.88 earnings per share for the current fiscal year.

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.