TD Waterhouse Canada Inc. Buys 6,861 Shares of Dycom Industries, Inc. $DY

TD Waterhouse Canada Inc. raised its stake in Dycom Industries, Inc. (NYSE:DY) by 67.7% during the fourth quarter, Holdings Channel reports. The fund owned 16,999 shares of the construction company’s stock after buying an additional 6,861 shares during the period. TD Waterhouse Canada Inc.’s holdings in Dycom Industries were worth $5,750,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of DY. Nordea Investment Management AB raised its holdings in shares of Dycom Industries by 5,603.6% in 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 period. Millennium Management LLC raised its stake in shares of Dycom Industries by 21.0% in the third 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. Alyeska Investment Group L.P. bought a new stake in shares of Dycom Industries in the third quarter valued at $44,553,000. Bornite Capital Management LP purchased a new position in shares of Dycom Industries during the 3rd quarter valued at $43,764,000. Finally, Cartenna Capital LP bought a new position in shares of Dycom Industries during the 3rd quarter worth $40,846,000. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. B. Riley Financial boosted their price objective on Dycom Industries from $420.00 to $485.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Wall Street Zen lowered shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Dycom Industries in a research note on Wednesday, January 21st. Zacks Research upgraded shares of Dycom Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Finally, UBS Group set a $475.00 price objective on shares of Dycom Industries and gave the stock a “buy” rating in a report on Friday, March 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $431.64.

Dycom Industries Stock Down 1.4%

Shares of NYSE DY opened at $404.63 on Wednesday. The company has a quick ratio of 2.61, a current ratio of 2.74 and a debt-to-equity ratio of 1.51. The company has a market cap of $12.15 billion, a P/E ratio of 42.15, a P/E/G ratio of 0.94 and a beta of 1.38. Dycom Industries, Inc. has a 52 week low of $150.29 and a 52 week high of $445.52. The business has a 50-day simple moving average of $382.13 and a two-hundred day simple moving average of $350.56.

Dycom Industries (NYSE:DY) last announced its quarterly earnings results on Wednesday, March 4th. The construction company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.12. Dycom Industries had a return on equity of 21.77% and a net margin of 5.07%.The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the prior year, the business posted $1.17 earnings per share. The company’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 anticipate that Dycom Industries, Inc. will post 12.88 earnings per share 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.