6,701 Shares in Dycom Industries, Inc. $DY Acquired by New Millennium Group LLC

New Millennium Group LLC purchased a new position in Dycom Industries, Inc. (NYSE:DY) during the 4th quarter, Holdings Channel.com reports. The firm purchased 6,701 shares of the construction company’s stock, valued at approximately $2,264,000. Dycom Industries makes up about 1.0% of New Millennium Group LLC’s holdings, making the stock its 27th biggest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nordea Investment Management AB boosted its stake in Dycom Industries by 5,603.6% during the 4th 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 during the last quarter. Wilson Asset Management International PTY Ltd. purchased a new stake in Dycom Industries during the 4th quarter valued at $1,014,000. American Century Companies Inc. boosted its stake in Dycom Industries by 58.4% during the 3rd quarter. American Century Companies Inc. now owns 97,801 shares of the construction company’s stock valued at $28,534,000 after purchasing an additional 36,074 shares during the last quarter. New York Life Investment Management LLC purchased a new stake in Dycom Industries during the 3rd quarter valued at $830,000. Finally, 12th Street Asset Management Company LLC boosted its stake in Dycom Industries by 48.9% during the 3rd quarter. 12th Street Asset Management Company LLC now owns 67,238 shares of the construction company’s stock valued at $19,617,000 after purchasing an additional 22,077 shares during the last quarter. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Dycom Industries Price Performance

Shares of Dycom Industries stock opened at $412.73 on Friday. Dycom Industries, Inc. has a one year low of $220.60 and a one year high of $464.82. The stock’s fifty day moving average is $389.47 and its 200 day moving average is $369.82. The stock has a market cap of $12.39 billion, a P/E ratio of 42.99, a P/E/G ratio of 0.95 and a beta of 1.46. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.61 and a current ratio of 2.74.

Dycom Industries (NYSE:DY) last announced its earnings results on Wednesday, March 4th. The construction company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.12. Dycom Industries had a return on equity of 21.77% and a net margin of 5.07%.The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period last year, the firm earned $1.17 EPS. Dycom Industries’s revenue for the quarter was up 34.4% compared to the same quarter last year. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. Sell-side analysts anticipate that Dycom Industries, Inc. will post 12.89 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on the company. Bank of America increased their target price on Dycom Industries from $365.00 to $475.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Wall Street Zen downgraded Dycom Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th. UBS Group set a $475.00 target price on Dycom Industries and gave the company a “buy” rating in a research note on Friday, March 6th. KeyCorp increased their price target on Dycom Industries from $426.00 to $482.00 and gave the company an “overweight” rating in a report on Thursday, March 5th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $436.00 price target on shares of Dycom Industries in a report on Friday, March 27th. One equities research 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $431.64.

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.