Dycom Industries, Inc. $DY Shares Sold by NFJ Investment Group LLC

NFJ Investment Group LLC reduced its stake in Dycom Industries, Inc. (NYSE:DY) by 25.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,773 shares of the construction company’s stock after selling 2,625 shares during the period. NFJ Investment Group LLC’s holdings in Dycom Industries were worth $2,626,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in DY. Nordea Investment Management AB grew its stake in shares of Dycom Industries by 5,603.6% during the fourth quarter. Nordea Investment Management AB now owns 405,580 shares of the construction company’s stock valued at $139,057,000 after acquiring an additional 398,469 shares in the last quarter. Wilson Asset Management International PTY Ltd. acquired a new stake in shares of Dycom Industries during the fourth quarter valued at about $1,014,000. American Century Companies Inc. grew its stake in shares of Dycom Industries by 58.4% during the third quarter. American Century Companies Inc. now owns 97,801 shares of the construction company’s stock valued at $28,534,000 after acquiring an additional 36,074 shares in the last quarter. Aventail Capital Group LP acquired a new stake in shares of Dycom Industries during the third quarter valued at about $5,285,000. Finally, Norges Bank acquired a new stake in shares of Dycom Industries during the fourth quarter valued at about $19,335,000. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Dycom Industries Stock Performance

Shares of NYSE DY opened at $469.52 on Monday. The company has a quick ratio of 2.46, a current ratio of 2.58 and a debt-to-equity ratio of 1.48. The firm’s 50-day moving average price is $427.64 and its two-hundred day moving average price is $388.85. Dycom Industries, Inc. has a 52-week low of $229.97 and a 52-week high of $566.47. The stock has a market capitalization of $14.10 billion, a P/E ratio of 44.67, a P/E/G ratio of 0.88 and a beta of 1.49.

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DY. B. Riley Financial raised their target price on Dycom Industries from $485.00 to $625.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Cantor Fitzgerald lifted their price target on Dycom Industries from $436.00 to $654.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. Bank of America lifted their price target on Dycom Industries from $365.00 to $475.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. JPMorgan Chase & Co. lifted their price target on Dycom Industries from $415.00 to $650.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Finally, Wells Fargo & Company lifted their price target on Dycom Industries from $500.00 to $650.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. According to data from MarketBeat.com, Dycom Industries has a consensus rating of “Buy” and an average target price of $554.92.

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.