Intech Investment Management LLC Sells 34,200 Shares of Dycom Industries, Inc. $DY

Intech Investment Management LLC lowered its position in Dycom Industries, Inc. (NYSE:DY) by 46.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 39,105 shares of the construction company’s stock after selling 34,200 shares during the period. Intech Investment Management LLC’s holdings in Dycom Industries were worth $13,214,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its position in shares of Dycom Industries by 265,593,055.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 23,903,384 shares of the construction company’s stock valued at $8,076,953,000 after purchasing an additional 23,903,375 shares in the last quarter. Peconic Partners LLC grew its position 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 in the last quarter. Millennium Management LLC grew its position 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 in the last quarter. Geode Capital Management LLC grew its position in shares of Dycom Industries by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 727,238 shares of the construction company’s stock valued at $245,771,000 after purchasing an additional 53,993 shares in the last quarter. Finally, First Trust Advisors LP grew its position in shares of Dycom Industries by 6.8% during the third quarter. First Trust Advisors LP now owns 604,865 shares of the construction company’s stock valued at $176,475,000 after purchasing an additional 38,472 shares in the last quarter. Institutional investors own 98.33% of the company’s stock.

Dycom Industries Stock Down 4.8%

Shares of NYSE:DY opened at $509.32 on Friday. The company has a current ratio of 2.58, a quick ratio of 2.61 and a debt-to-equity ratio of 1.48. Dycom Industries, Inc. has a 12 month low of $225.34 and a 12 month high of $566.47. The company has a 50-day moving average price of $402.05 and a 200 day moving average price of $376.65. The company has a market cap of $15.29 billion, a price-to-earnings ratio of 48.46, a PEG ratio of 1.23 and a beta of 1.46.

Dycom Industries (NYSE:DY) last announced its quarterly earnings data on Wednesday, May 27th. The construction company reported $4.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.73 by $1.69. The business 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 predict that Dycom Industries, Inc. will post 12.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Wedbush set a $654.00 price objective on Dycom Industries in a research report on Friday. B. Riley Financial raised their price objective on Dycom Industries from $485.00 to $625.00 and gave the company a “buy” rating in a research report on Thursday. Zacks Research upgraded Dycom Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Weiss Ratings downgraded shares of Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Finally, Cantor Fitzgerald increased their price target on shares of Dycom Industries from $436.00 to $654.00 and gave the company an “overweight” rating in a report on Friday. One investment 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’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $544.25.

Trending Headlines about Dycom Industries

Here are the key news stories impacting Dycom Industries this week:

• Positive Sentiment: Dycom’s blockbuster Q1 results showed EPS of $4.42 versus $2.73 expected and revenue of $1.96 billion versus $1.67 billion expected, reinforcing momentum in its telecom and utility construction business. Dycom Industries Stock Just Skyrocketed. It’s the Latest Winner from Data Center Demand.
• Positive Sentiment: JPMorgan raised its price target to $650 from $415 and kept an overweight rating, signaling confidence that the stock still has meaningful upside after the recent rally.
• Positive Sentiment: B. Riley, Wells Fargo, and Guggenheim all boosted their targets into the $620-$650 range, with buy or overweight ratings, adding to the bullish sentiment around Dycom’s growth outlook.
• Positive Sentiment: The stock hit a 52-week high and continued attracting attention from investors following multiple upbeat commentary pieces suggesting the run may not be over. Dycom Industries, Inc. (DY) Hit a 52 Week High, Can the Run Continue?
• Neutral Sentiment: Recent analysis pieces, including a Seeking Alpha Q1 review, focused on whether the post-earnings momentum can continue, but did not indicate any new negative catalyst.

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.