Millennium Management LLC Has $225.68 Million Holdings in Dycom Industries, Inc. $DY

Millennium Management LLC raised its stake in Dycom Industries, Inc. (NYSE:DY) by 3.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,481,394 shares of the construction company’s stock after acquiring an additional 45,562 shares during the quarter. Millennium Management LLC owned about 0.05% of Dycom Industries worth $225,676,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. CW Advisors LLC increased its position in Dycom Industries by 1.0% in the 1st quarter. CW Advisors LLC now owns 9,338 shares of the construction company’s stock valued at $1,423,000 after acquiring an additional 91 shares in the last quarter. Federated Hermes Inc. grew its position in shares of Dycom Industries by 27.1% during the 1st quarter. Federated Hermes Inc. now owns 492 shares of the construction company’s stock worth $75,000 after buying an additional 105 shares during the period. Xponance Inc. grew its position in shares of Dycom Industries by 5.7% during the 1st quarter. Xponance Inc. now owns 2,163 shares of the construction company’s stock worth $330,000 after buying an additional 116 shares during the period. Brevan Howard Capital Management LP grew its position in shares of Dycom Industries by 2.9% during the 4th quarter. Brevan Howard Capital Management LP now owns 5,026 shares of the construction company’s stock worth $875,000 after buying an additional 140 shares during the period. Finally, Versant Capital Management Inc acquired a new stake in shares of Dycom Industries during the 1st quarter worth approximately $28,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries Stock Performance

Shares of DY opened at $253.70 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.96 and a current ratio of 3.16. Dycom Industries, Inc. has a twelve month low of $131.37 and a twelve month high of $285.64. The firm’s 50 day moving average price is $259.24 and its two-hundred day moving average price is $209.11. The firm has a market cap of $7.34 billion, a P/E ratio of 28.51, a PEG ratio of 1.20 and a beta of 1.18.

Dycom Industries (NYSE:DY) last announced its quarterly earnings results on Wednesday, August 20th. The construction company reported $3.33 earnings per share for the quarter, beating analysts’ consensus estimates of $2.92 by $0.41. Dycom Industries had a net margin of 5.23% and a return on equity of 21.17%. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the previous year, the firm posted $2.46 earnings per share. The business’s revenue was up 14.5% on a year-over-year basis. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. On average, analysts forecast that Dycom Industries, Inc. will post 7.13 EPS for the current fiscal year.

Analyst Ratings Changes

DY has been the subject of several analyst reports. UBS Group lifted their price target on shares of Dycom Industries from $288.00 to $296.00 and gave the stock a “buy” rating in a research report on Thursday, August 21st. KeyCorp increased their target price on Dycom Industries from $255.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Wells Fargo & Company increased their target price on Dycom Industries from $250.00 to $295.00 and gave the company an “overweight” rating in a research note on Monday, August 18th. Wall Street Zen upgraded shares of Dycom Industries from a “hold” rating to a “buy” rating in a report on Friday, August 22nd. Finally, DA Davidson boosted their price objective on shares of Dycom Industries from $265.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $289.43.

About Dycom Industries

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.