Summit Partners Public Asset Management LLC Raises Position in Dycom Industries, Inc. $DY

Summit Partners Public Asset Management LLC boosted its stake in Dycom Industries, Inc. (NYSE:DY) by 139.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 67,000 shares of the construction company’s stock after buying an additional 39,000 shares during the period. Summit Partners Public Asset Management LLC’s holdings in Dycom Industries were worth $22,639,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sound Income Strategies LLC purchased a new stake in Dycom Industries in the fourth quarter worth about $32,000. Acumen Wealth Advisors LLC purchased a new position in shares of Dycom Industries during the fourth quarter valued at approximately $35,000. Optiver Holding B.V. lifted its holdings in shares of Dycom Industries by 57.1% during the third quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock valued at $32,000 after purchasing an additional 40 shares during the last quarter. CI Investments Inc. lifted its holdings in shares of Dycom Industries by 259.4% during the third quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock valued at $34,000 after purchasing an additional 83 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID purchased a new position in shares of Dycom Industries during the fourth quarter valued at approximately $39,000. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

Dycom Industries Price Performance

Shares of DY opened at $470.83 on Wednesday. The company has a market capitalization of $14.14 billion, a P/E ratio of 44.80, a price-to-earnings-growth ratio of 0.88 and a beta of 1.49. The company has a quick ratio of 2.46, a current ratio of 2.58 and a debt-to-equity ratio of 1.48. The firm has a 50 day moving average of $432.55 and a 200 day moving average of $390.53. Dycom Industries, Inc. has a twelve month low of $229.97 and a twelve month high of $566.47.

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DY. B. Riley Financial lifted their target price on shares of Dycom Industries from $485.00 to $625.00 and gave the company a “buy” rating in a report on Thursday, May 28th. UBS Group reiterated a “buy” rating and set a $611.00 target price on shares of Dycom Industries in a report on Friday, May 29th. KeyCorp lifted their target price on shares of Dycom Industries from $482.00 to $610.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Bank of America lifted their target price on shares of Dycom Industries from $365.00 to $475.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. Finally, Zacks Research upgraded shares of Dycom Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. Two investment analysts have rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company’s stock. According to MarketBeat, Dycom Industries presently has an average rating of “Buy” and a consensus target price of $554.92.

Dycom Industries Company 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.