Legato Capital Management LLC Boosts Stock Position in Dycom Industries, Inc. $DY

Legato Capital Management LLC grew its stake in Dycom Industries, Inc. (NYSE:DY) by 45.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,450 shares of the construction company’s stock after acquiring an additional 1,710 shares during the quarter. Legato Capital Management LLC’s holdings in Dycom Industries were worth $1,842,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. grew its position in shares of Dycom Industries by 265,593,055.6% in 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 purchasing an additional 23,903,375 shares in the last quarter. Peconic Partners LLC grew its position in shares of Dycom Industries by 2.8% in the second quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock valued at $933,038,000 after purchasing an additional 105,586 shares in the last quarter. Millennium Management LLC grew its position 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 purchasing an additional 229,579 shares in the last quarter. First Trust Advisors LP grew its position in shares of Dycom Industries by 6.8% in the third quarter. First Trust Advisors LP now owns 604,865 shares of the construction company’s stock valued at $176,475,000 after purchasing an additional 38,472 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in Dycom Industries by 5,603.6% in 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 during the last quarter. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on DY shares. Weiss Ratings cut Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $436.00 price objective on shares of Dycom Industries in a report on Friday, March 27th. Wall Street Zen cut Dycom Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 7th. JPMorgan Chase & Co. upped their price target on Dycom Industries from $395.00 to $415.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. Finally, KeyCorp upped their price target on Dycom Industries from $426.00 to $482.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Dycom Industries presently has a consensus rating of “Buy” and an average price target of $431.64.

Dycom Industries Stock Down 0.4%

Shares of NYSE DY opened at $412.73 on Friday. The stock has a market cap of $12.39 billion, a P/E ratio of 42.99, a PEG ratio of 0.94 and a beta of 1.46. The company has a current ratio of 2.74, a quick ratio of 2.61 and a debt-to-equity ratio of 1.51. Dycom Industries, Inc. has a 12-month low of $220.60 and a 12-month high of $464.82. The business’s fifty day simple moving average is $389.47 and its 200-day simple moving average is $369.82.

Dycom Industries (NYSE:DY) last announced its quarterly earnings data on Wednesday, March 4th. The construction company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.12. The business 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 revenue for the quarter was up 34.4% compared to the same quarter last year. During the same period last year, the firm earned $1.17 earnings per share. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. As a group, equities analysts predict that Dycom Industries, Inc. will post 12.89 EPS for the current fiscal year.

About Dycom Industries

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.