Peregrine Capital Management LLC Sells 1,253 Shares of Dycom Industries, Inc. $DY

Peregrine Capital Management LLC trimmed its position in shares of Dycom Industries, Inc. (NYSE:DY) by 4.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,926 shares of the construction company’s stock after selling 1,253 shares during the period. Peregrine Capital Management LLC owned approximately 0.10% of Dycom Industries worth $9,801,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB grew its stake 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 buying an additional 398,469 shares in the last quarter. Wilson Asset Management International PTY Ltd. purchased a new stake in shares of Dycom Industries during the 4th quarter valued at about $1,014,000. American Century Companies Inc. raised its position in shares of Dycom Industries by 58.4% during the 3rd quarter. American Century Companies Inc. now owns 97,801 shares of the construction company’s stock valued at $28,534,000 after buying an additional 36,074 shares in the last quarter. Norges Bank bought a new position in shares of Dycom Industries in the 4th quarter valued at about $19,335,000. Finally, Aventail Capital Group LP bought a new position in shares of Dycom Industries in the 3rd quarter valued at about $5,285,000. 98.33% of the stock is owned by hedge funds and other institutional investors.

Dycom Industries Stock Performance

Shares of Dycom Industries stock opened at $506.02 on Wednesday. The stock’s fifty day moving average is $451.15 and its two-hundred day moving average is $399.35. The company has a market capitalization of $15.20 billion, a PE ratio of 48.15, a price-to-earnings-growth ratio of 0.89 and a beta of 1.49. 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, Inc. has a 52 week low of $233.00 and a 52 week high of $566.47.

Dycom Industries (NYSE:DY) last released its earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share for the quarter, topping the consensus estimate of $2.73 by $1.69. The business 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%.The business’s revenue for the quarter was up 56.1% compared to the same quarter last year. During the same period last year, the company earned $2.09 earnings per share. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. As a group, analysts expect that Dycom Industries, Inc. will post 15.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on DY shares. Guggenheim boosted their price objective on Dycom Industries from $575.00 to $620.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Weiss Ratings cut Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 18th. Wedbush set a $654.00 target price on shares of Dycom Industries in a report on Friday, May 29th. Wall Street Zen raised shares of Dycom Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 6th. Finally, KeyCorp upped their price target on shares of Dycom Industries from $482.00 to $610.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Two analysts have rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, Dycom Industries has an average rating of “Buy” and an average price target of $554.92.

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.