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

Summit Partners Public Asset Management LLC lifted its position in Dycom Industries, Inc. (NYSE:DY) by 139.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 67,000 shares of the construction company’s stock after purchasing an additional 39,000 shares during the quarter. Summit Partners Public Asset Management LLC owned about 0.23% of Dycom Industries worth $22,639,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Dycom Industries by 265,593,055.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 23,903,384 shares of the construction company’s stock worth $8,076,953,000 after purchasing an additional 23,903,375 shares during the period. Peconic Partners LLC increased its holdings in shares of Dycom Industries by 2.8% in the second quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock worth $933,038,000 after purchasing an additional 105,586 shares during the period. Millennium Management LLC increased its holdings in shares of Dycom Industries by 21.0% in the third quarter. Millennium Management LLC now owns 1,324,938 shares of the construction company’s stock worth $386,564,000 after purchasing an additional 229,579 shares during the period. Geode Capital Management LLC increased its holdings in shares of Dycom Industries by 8.0% in the fourth quarter. Geode Capital Management LLC now owns 727,238 shares of the construction company’s stock worth $245,771,000 after purchasing an additional 53,993 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of Dycom Industries by 3.4% in the fourth quarter. First Trust Advisors LP now owns 625,171 shares of the construction company’s stock worth $211,245,000 after purchasing an additional 20,306 shares during the period. Institutional investors own 98.33% of the company’s stock.

Dycom Industries Stock Performance

Dycom Industries stock opened at $470.83 on Wednesday. The company has a current ratio of 2.58, a quick ratio of 2.46 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. The firm has a market cap of $14.14 billion, a P/E ratio of 44.80, a P/E/G ratio of 0.88 and a beta of 1.49. Dycom Industries, Inc. has a 1-year low of $229.97 and a 1-year high of $566.47.

Dycom Industries (NYSE:DY) last posted its earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share for the quarter, topping analysts’ consensus estimates of $2.73 by $1.69. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the business posted $2.09 earnings per share. Dycom Industries’s revenue for the quarter was up 56.1% on a year-over-year basis. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. Sell-side analysts expect that Dycom Industries, Inc. will post 14.54 EPS for the current year.

Analyst Ratings Changes

DY has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price target on shares of Dycom Industries from $415.00 to $650.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Bank of America upped their price target on shares of Dycom Industries from $365.00 to $475.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Weiss Ratings upgraded shares of Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. Wells Fargo & Company upped their price target on shares of Dycom Industries from $500.00 to $650.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Finally, Cantor Fitzgerald upped their price target on shares of Dycom Industries from $436.00 to $654.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $554.92.

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.