PFA Pension Forsikringsaktieselskab Makes New $1.85 Million Investment in Dycom Industries, Inc. $DY

PFA Pension Forsikringsaktieselskab acquired a new position in shares of Dycom Industries, Inc. (NYSE:DY) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,392 shares of the construction company’s stock, valued at approximately $1,848,000.

Several other large investors also recently added to or reduced their stakes in DY. Jones Financial Companies Lllp increased its stake in Dycom Industries by 4,626.1% during the first quarter. Jones Financial Companies Lllp now owns 2,174 shares of the construction company’s stock worth $331,000 after acquiring an additional 2,128 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Dycom Industries by 7.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 69,726 shares of the construction company’s stock worth $10,622,000 after acquiring an additional 4,985 shares during the last quarter. Invesco Ltd. increased its stake in Dycom Industries by 7.0% during the second quarter. Invesco Ltd. now owns 227,127 shares of the construction company’s stock worth $55,508,000 after acquiring an additional 14,891 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Dycom Industries by 73.1% during the second quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock worth $39,000 after acquiring an additional 68 shares during the last quarter. Finally, Cerity Partners LLC increased its stake in Dycom Industries by 8.9% during the second quarter. Cerity Partners LLC now owns 2,239 shares of the construction company’s stock worth $547,000 after acquiring an additional 183 shares during the last quarter. 98.33% of the stock is owned by institutional investors.

Dycom Industries Trading Down 1.1%

DY opened at $428.63 on Tuesday. The stock has a market cap of $12.87 billion, a price-to-earnings ratio of 44.65, a P/E/G ratio of 1.00 and a beta of 1.46. The stock’s 50 day moving average price is $380.17 and its 200-day moving average price is $356.41. Dycom Industries, Inc. has a one year low of $179.70 and a one year high of $445.52. 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 released its earnings results on Wednesday, March 4th. The construction company reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.12. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Dycom Industries had a return on equity of 21.77% and a net margin of 5.07%.The company’s quarterly revenue was up 34.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.17 earnings per share. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. On average, equities analysts forecast that Dycom Industries, Inc. will post 12.88 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on DY shares. Weiss Ratings reissued a “buy (b)” rating on shares of Dycom Industries in a research note on Wednesday, January 21st. Zacks Research raised Dycom Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. B. Riley Financial upped their target price on Dycom Industries from $420.00 to $485.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $436.00 target price on shares of Dycom Industries in a research note on Friday, March 27th. Finally, UBS Group set a $475.00 target price on Dycom Industries and gave the company a “buy” rating in a research note on Friday, March 6th. One investment 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average 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.