Rice Hall James & Associates LLC Cuts Stock Position in Dycom Industries, Inc. $DY

Rice Hall James & Associates LLC cut its holdings in Dycom Industries, Inc. (NYSE:DY) by 25.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,786 shares of the construction company’s stock after selling 4,072 shares during the quarter. Rice Hall James & Associates LLC’s holdings in Dycom Industries were worth $3,982,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in DY. Optiver Holding B.V. increased its position in shares of Dycom Industries by 57.1% in the third quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock valued at $32,000 after buying an additional 40 shares in the last quarter. Sound Income Strategies LLC purchased a new stake in shares of Dycom Industries in the fourth quarter valued at approximately $32,000. CI Investments Inc. increased its position in shares of Dycom Industries by 259.4% in the third quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock valued at $34,000 after buying an additional 83 shares in the last quarter. Acumen Wealth Advisors LLC purchased a new stake in shares of Dycom Industries during the fourth quarter worth approximately $35,000. Finally, Legacy Wealth Managment LLC ID purchased a new stake in shares of Dycom Industries during the fourth quarter worth approximately $39,000. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on DY shares. Wall Street Zen upgraded Dycom Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 6th. Zacks Research upgraded Dycom Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Bank of America boosted their price target on Dycom Industries from $365.00 to $475.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. JPMorgan Chase & Co. boosted their price target on Dycom Industries from $415.00 to $650.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Finally, UBS Group reiterated a “buy” rating and set a $611.00 price target on shares of Dycom Industries in a research report on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $554.92.

Dycom Industries Stock Performance

NYSE DY opened at $470.83 on Wednesday. The stock’s fifty day moving average is $432.55 and its two-hundred day moving average is $390.53. The firm has a market capitalization of $14.14 billion, a P/E ratio of 44.80, a price-to-earnings-growth ratio of 0.88 and a beta of 1.49. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.46 and a current ratio of 2.58. Dycom Industries, Inc. has a fifty-two week low of $229.97 and a fifty-two week high of $566.47.

Dycom Industries (NYSE:DY) last released its quarterly earnings data on Wednesday, May 27th. The construction company reported $4.42 earnings per share for the quarter, topping analysts’ consensus estimates of $2.73 by $1.69. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.67 billion. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.The firm’s revenue for the quarter was up 56.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.09 earnings per share. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. On average, research analysts anticipate that Dycom Industries, Inc. will post 14.54 earnings per share for the current 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.