NFJ Investment Group LLC Takes $2.90 Million Position in Dycom Industries, Inc. $DY

NFJ Investment Group LLC bought a new stake in Dycom Industries, Inc. (NYSE:DY) in the second quarter, Holdings Channel.com reports. The institutional investor bought 5,727 shares of the construction company’s stock, valued at approximately $2,896,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Dycom Industries by 265,593,055.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 23,903,384 shares of the construction company’s stock valued at $8,076,953,000 after acquiring an additional 23,903,375 shares in the last quarter. BlackRock Inc. bought a new position in shares of Dycom Industries in the second quarter valued at $1,513,523,000. Bank of New York Mellon Corp acquired a new position in shares of Dycom Industries during the second quarter valued at about $90,216,000. First Trust Advisors LP increased its holdings in Dycom Industries by 27.8% during the 1st quarter. First Trust Advisors LP now owns 798,699 shares of the construction company’s stock worth $270,615,000 after purchasing an additional 173,528 shares in the last quarter. Finally, Alyeska Investment Group L.P. bought a new stake in Dycom Industries during the 3rd quarter worth approximately $44,553,000. Institutional investors own 98.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Wedbush set a $654.00 target price on Dycom Industries in a report on Friday, May 29th. UBS Group reiterated a “buy” rating on shares of Dycom Industries in a report on Friday, July 24th. Weiss Ratings raised Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 13th. JPMorgan Chase & Co. raised their price objective on Dycom Industries from $415.00 to $650.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Finally, Wells Fargo & Company lifted their price objective on shares of Dycom Industries from $500.00 to $650.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Dycom Industries has an average rating of “Moderate Buy” and a consensus price target of $578.09.

Dycom Industries Price Performance

Shares of NYSE DY opened at $401.63 on Friday. Dycom Industries, Inc. has a twelve month low of $242.55 and a twelve month high of $566.47. The stock’s 50 day moving average price is $432.83 and its 200-day moving average price is $415.72. The company has a market capitalization of $12.06 billion, a PE ratio of 38.21, a PEG ratio of 0.71 and a beta of 1.54. The company has a quick ratio of 2.46, a current ratio of 2.58 and a debt-to-equity ratio of 1.48.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Wednesday, May 27th. The construction company reported $4.42 EPS for the quarter, beating analysts’ consensus estimates of $2.73 by $1.69. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.67 billion. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.Dycom Industries’s revenue was up 56.1% on a year-over-year basis. During the same period last year, the business posted $2.09 earnings per share. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. On average, equities analysts anticipate that Dycom Industries, Inc. will post 15.45 EPS for the current year.

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.