Sei Investments Co. Sells 16,933 Shares of Dycom Industries, Inc. $DY

Sei Investments Co. trimmed its stake in Dycom Industries, Inc. (NYSE:DY) by 33.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,244 shares of the construction company’s stock after selling 16,933 shares during the period. Sei Investments Co.’s holdings in Dycom Industries were worth $11,603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Wilson Asset Management International PTY Ltd. bought a new stake in Dycom Industries during the 4th quarter valued at $1,014,000. Norges Bank bought a new position in shares of Dycom Industries during the 4th quarter worth $19,335,000. Horizon Investments LLC increased its stake in shares of Dycom Industries by 43.0% during the fourth quarter. Horizon Investments LLC now owns 16,907 shares of the construction company’s stock valued at $5,713,000 after buying an additional 5,086 shares during the period. Hillsdale Investment Management Inc. raised its holdings in shares of Dycom Industries by 82,666.7% in the fourth quarter. Hillsdale Investment Management Inc. now owns 24,830 shares of the construction company’s stock valued at $8,390,000 after acquiring an additional 24,800 shares in the last quarter. Finally, SteelPeak Wealth LLC purchased a new stake in Dycom Industries in the fourth quarter worth about $2,208,000. 98.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. KeyCorp raised their target price on shares of Dycom Industries from $482.00 to $610.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. UBS Group reissued a “buy” rating on shares of Dycom Industries in a report on Friday, July 24th. Wall Street Zen downgraded shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. JPMorgan Chase & Co. increased their target price on Dycom Industries from $415.00 to $650.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Finally, Wells Fargo & Company increased their target price on Dycom Industries from $500.00 to $650.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $554.92.

Dycom Industries Stock Performance

Shares of Dycom Industries stock opened at $400.32 on Friday. The company has a market capitalization of $12.02 billion, a PE ratio of 38.09, a P/E/G ratio of 0.74 and a beta of 1.50. The company has a 50-day simple moving average of $450.97 and a two-hundred day simple moving average of $411.10. Dycom Industries, Inc. has a one year low of $233.00 and a one year high of $566.47. 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 (NYSE:DY) last released its quarterly earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share for the quarter, beating analysts’ consensus estimates of $2.73 by $1.69. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period last year, the business earned $2.09 EPS. The company’s revenue was up 56.1% compared to the same quarter last year. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. Research analysts expect that Dycom Industries, Inc. will post 15.45 EPS for the current fiscal 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.