SIR Capital Management L.P. Has $3.24 Million Position in Dycom Industries, Inc. $DY

SIR Capital Management L.P. cut its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 63.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,577 shares of the construction company’s stock after selling 16,900 shares during the quarter. SIR Capital Management L.P.’s holdings in Dycom Industries were worth $3,236,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sound Income Strategies LLC acquired a new position in Dycom Industries during the 4th quarter worth about $32,000. Optiver Holding B.V. lifted its holdings in Dycom Industries by 57.1% during the 3rd quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock worth $32,000 after buying an additional 40 shares during the period. CI Investments Inc. lifted its holdings in Dycom Industries by 259.4% during the 3rd quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock worth $34,000 after buying an additional 83 shares during the period. Legacy Wealth Managment LLC ID acquired a new position in Dycom Industries during the 4th quarter worth about $39,000. Finally, Nemes Rush Group LLC acquired a new position in Dycom Industries during the 4th quarter worth about $40,000. 98.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the company. Weiss Ratings raised Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 29th. KeyCorp upped their price target on shares of Dycom Industries from $482.00 to $610.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. B. Riley Financial upped their price target on shares of Dycom Industries from $485.00 to $625.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Zacks Research raised shares of Dycom Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Finally, UBS Group reaffirmed a “buy” rating and set a $611.00 price target on shares of Dycom Industries in a research report on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $554.92.

Dycom Industries Stock Performance

Shares of DY opened at $469.52 on Friday. 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 has a market capitalization of $14.10 billion, a P/E ratio of 44.67, a price-to-earnings-growth ratio of 0.87 and a beta of 1.49. The firm’s fifty day simple moving average is $427.64 and its two-hundred day simple moving average is $388.51. Dycom Industries, Inc. has a 12 month low of $229.97 and a 12 month high of $566.47.

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