Aristotle Capital Boston LLC Trims Stake in Dycom Industries, Inc. $DY

Aristotle Capital Boston LLC trimmed its holdings in shares of Dycom Industries, Inc. (NYSE:DY) by 18.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 122,569 shares of the construction company’s stock after selling 28,183 shares during the quarter. Dycom Industries accounts for approximately 2.3% of Aristotle Capital Boston LLC’s investment portfolio, making the stock its 4th biggest holding. Aristotle Capital Boston LLC’s holdings in Dycom Industries were worth $41,416,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of DY. Jones Financial Companies Lllp boosted its holdings in shares of Dycom Industries by 4,626.1% during the 1st quarter. Jones Financial Companies Lllp now owns 2,174 shares of the construction company’s stock worth $331,000 after buying an additional 2,128 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Dycom Industries by 7.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 69,726 shares of the construction company’s stock worth $10,622,000 after buying an additional 4,985 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Dycom Industries by 7.0% during the 2nd quarter. Invesco Ltd. now owns 227,127 shares of the construction company’s stock worth $55,508,000 after buying an additional 14,891 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Dycom Industries by 73.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock worth $39,000 after purchasing an additional 68 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in shares of Dycom Industries by 8.9% in the 2nd quarter. Cerity Partners LLC now owns 2,239 shares of the construction company’s stock worth $547,000 after purchasing an additional 183 shares in the last quarter. 98.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DY has been the topic of a number of recent research reports. Wells Fargo & Company increased their target price on Dycom Industries from $500.00 to $650.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. UBS Group restated a “buy” rating and set a $611.00 price objective on shares of Dycom Industries in a research note on Friday, May 29th. Guggenheim raised their price objective on Dycom Industries from $575.00 to $620.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. KeyCorp raised their price objective on Dycom Industries from $482.00 to $610.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Finally, Zacks Research upgraded Dycom Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 8th. Two analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $554.92.

Dycom Industries Price Performance

Shares of NYSE:DY opened at $461.87 on Thursday. 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 stock’s fifty day simple moving average is $434.81 and its two-hundred day simple moving average is $391.28. Dycom Industries, Inc. has a 1-year low of $229.97 and a 1-year high of $566.47. The stock has a market cap of $13.87 billion, a PE ratio of 43.95, a price-to-earnings-growth ratio of 0.88 and a beta of 1.49.

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

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.