Northwestern Mutual Investment Management Company LLC Makes New Investment in Dycom Industries, Inc. $DY

Northwestern Mutual Investment Management Company LLC acquired a new position in shares of Dycom Industries, Inc. (NYSE:DY) during the 4th quarter, Holdings Channel.com reports. The fund acquired 6,479 shares of the construction company’s stock, valued at approximately $2,189,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nordea Investment Management AB grew its position 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 worth $139,057,000 after purchasing an additional 398,469 shares during the last quarter. American Century Companies Inc. grew its position in Dycom Industries by 58.4% during the 3rd quarter. American Century Companies Inc. now owns 97,801 shares of the construction company’s stock worth $28,534,000 after purchasing an additional 36,074 shares during the last quarter. Wilson Asset Management International PTY Ltd. purchased a new stake in shares of Dycom Industries in the fourth quarter valued at about $1,014,000. New York Life Investment Management LLC purchased a new stake in shares of Dycom Industries in the third quarter valued at about $830,000. Finally, 12th Street Asset Management Company LLC boosted its holdings in shares of Dycom Industries by 48.9% in the third quarter. 12th Street Asset Management Company LLC now owns 67,238 shares of the construction company’s stock valued at $19,617,000 after acquiring an additional 22,077 shares in the last quarter. 98.33% of the stock is owned by hedge funds and other institutional investors.

Dycom Industries Stock Performance

Shares of DY opened at $437.25 on Friday. The company has a current ratio of 2.74, a quick ratio of 2.61 and a debt-to-equity ratio of 1.51. The stock has a market cap of $13.13 billion, a P/E ratio of 45.55, a PEG ratio of 1.00 and a beta of 1.46. The company has a 50-day moving average of $384.37 and a two-hundred day moving average of $365.34. Dycom Industries, Inc. has a 12-month low of $190.00 and a 12-month high of $464.82.

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

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Dycom Industries from $395.00 to $415.00 and gave the company an “overweight” rating in a report on Thursday, March 5th. KeyCorp lifted their target price on shares of Dycom Industries from $426.00 to $482.00 and gave the company an “overweight” rating in a report on Thursday, March 5th. Weiss Ratings downgraded shares of Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday. Guggenheim assumed coverage on shares of Dycom Industries in a report on Thursday, January 22nd. They issued a “buy” rating and a $510.00 target price on the stock. Finally, UBS Group set a $475.00 target price on shares of Dycom Industries and gave the company a “buy” rating in a report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $431.64.

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.