UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Position in Dycom Industries, Inc. $DY

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 36.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 87,046 shares of the construction company’s stock after acquiring an additional 23,219 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Dycom Industries were worth $44,010,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew 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 valued at $8,076,953,000 after purchasing an additional 23,903,375 shares in the last quarter. Peconic Partners LLC raised its stake in Dycom Industries by 2.8% in the second quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock valued at $933,038,000 after buying an additional 105,586 shares in the last quarter. BlackRock Inc. purchased a new stake in Dycom Industries during the second quarter worth approximately $1,513,523,000. Hill City Capital LP purchased a new stake in shares of Dycom Industries during the 2nd quarter worth approximately $510,536,693. Finally, First Trust Advisors LP boosted its stake in Dycom Industries by 27.8% in the first quarter. First Trust Advisors LP now owns 798,699 shares of the construction company’s stock valued at $270,615,000 after acquiring an additional 173,528 shares in the last quarter. 98.33% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director David Joseph Fallon bought 700 shares of the stock in a transaction dated Tuesday, September 1st. The stock was acquired at an average price of $286.92 per share, for a total transaction of $200,844.00. Following the completion of the purchase, the director owned 1,043 shares in the company, valued at $299,257.56. This represents a 204.08% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.22% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DY. B. Riley Financial raised their target price on shares of Dycom Industries from $485.00 to $625.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Weiss Ratings cut Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday. KeyCorp reduced their price objective on shares of Dycom Industries from $610.00 to $423.00 and set an “overweight” rating for the company in a research note on Thursday, August 27th. Zacks Research cut Dycom Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Finally, Wall Street Zen cut shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 25th. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Dycom Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $514.00.

Dycom Industries Price Performance

DY opened at $296.88 on Thursday. Dycom Industries, Inc. has a 1 year low of $243.80 and a 1 year high of $566.47. The company’s 50 day simple moving average is $407.07 and its 200 day simple moving average is $411.02. The stock has a market capitalization of $8.95 billion, a PE ratio of 27.01, a P/E/G ratio of 0.50 and a beta of 1.49. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.24 and a current ratio of 2.35.

Dycom Industries (NYSE:DY) last released its quarterly earnings data on Wednesday, August 26th. The construction company reported $5.29 earnings per share for the quarter, beating the consensus estimate of $4.72 by $0.57. Dycom Industries had a return on equity of 25.30% and a net margin of 4.79%.The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the previous year, the company posted $3.33 EPS. The company’s revenue was up 45.6% compared to the same quarter last year. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. As a group, sell-side analysts expect that Dycom Industries, Inc. will post 15.63 EPS for the current year.

Dycom Industries announced that its Board of Directors has initiated a share buyback program on Wednesday, August 26th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 1.4% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

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.