Dycom Industries, Inc. $DY Shares Sold by Versor Investments LP

Versor Investments LP decreased its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 72.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 700 shares of the construction company’s stock after selling 1,804 shares during the period. Versor Investments LP’s holdings in Dycom Industries were worth $237,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Peconic Partners LLC increased its stake in Dycom Industries by 2.8% during the 2nd 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 during the period. Millennium Management LLC increased its stake in Dycom Industries by 21.0% during the 3rd quarter. Millennium Management LLC now owns 1,324,938 shares of the construction company’s stock valued at $386,564,000 after buying an additional 229,579 shares during the period. First Trust Advisors LP increased its stake in Dycom Industries by 6.8% during the 3rd quarter. First Trust Advisors LP now owns 604,865 shares of the construction company’s stock valued at $176,475,000 after buying an additional 38,472 shares during the period. Nordea Investment Management AB increased its stake in Dycom Industries by 5,603.6% during the 4th quarter. Nordea Investment Management AB now owns 405,580 shares of the construction company’s stock valued at $139,057,000 after buying an additional 398,469 shares during the period. Finally, Bank of America Corp DE increased its stake in Dycom Industries by 15.2% during the 3rd quarter. Bank of America Corp DE now owns 354,225 shares of the construction company’s stock valued at $103,349,000 after buying an additional 46,680 shares during the period. Institutional investors and hedge funds own 98.33% of the company’s stock.

Wall Street Analyst Weigh In

DY has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their price objective on shares of Dycom Industries from $395.00 to $415.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. Wall Street Zen cut shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th. UBS Group set a $475.00 price objective on shares of Dycom Industries and gave the stock a “buy” rating in a research note on Friday, March 6th. KeyCorp lifted their price objective on shares of Dycom Industries from $426.00 to $482.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. Finally, Guggenheim started coverage on shares of Dycom Industries in a report on Thursday, January 22nd. They issued a “buy” rating and a $510.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $431.64.

Dycom Industries Stock Performance

Shares of DY opened at $437.25 on Friday. The company’s 50 day moving average price is $384.37 and its 200 day moving average price is $365.34. Dycom Industries, Inc. has a 52 week low of $190.00 and a 52 week high of $464.82. The company has a market capitalization of $13.13 billion, a PE ratio of 45.55, a PEG ratio of 1.04 and a beta of 1.46. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.61 and a current ratio of 2.74.

Dycom Industries (NYSE:DY) last announced its quarterly earnings data on Wednesday, March 4th. The construction company reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.12. Dycom Industries had a net margin of 5.07% and a return on equity of 21.77%. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the firm posted $1.17 earnings per share. The firm’s revenue was up 34.4% on a year-over-year basis. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. Research analysts expect that Dycom Industries, Inc. will post 12.88 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.