Bessemer Group Inc. Acquires 26,776 Shares of Dycom Industries, Inc. $DY

Bessemer Group Inc. increased its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 17,850.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,926 shares of the construction company’s stock after purchasing an additional 26,776 shares during the period. Bessemer Group Inc.’s holdings in Dycom Industries were worth $9,097,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Peconic Partners LLC grew its position in Dycom Industries by 2.8% in the 2nd quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock worth $933,038,000 after purchasing an additional 105,586 shares during the period. Millennium Management LLC raised its stake in Dycom Industries by 21.0% during the 3rd quarter. Millennium Management LLC now owns 1,324,938 shares of the construction company’s stock valued at $386,564,000 after buying an additional 229,579 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Dycom Industries by 6.8% during the 3rd quarter. First Trust Advisors LP now owns 604,865 shares of the construction company’s stock valued at $176,475,000 after buying an additional 38,472 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Dycom Industries by 5,603.6% during the 4th quarter. Nordea Investment Management AB now owns 405,580 shares of the construction company’s stock valued at $139,057,000 after buying an additional 398,469 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of Dycom Industries by 15.2% during the 3rd quarter. Bank of America Corp DE now owns 354,225 shares of the construction company’s stock valued at $103,349,000 after buying an additional 46,680 shares during the period. Institutional investors own 98.33% of the company’s stock.

Dycom Industries Stock Down 0.0%

DY stock opened at $437.25 on Monday. Dycom Industries, Inc. has a fifty-two week low of $190.00 and a fifty-two week high of $464.82. The business’s 50-day moving average is $384.37 and its two-hundred day moving average is $365.91. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.61 and a current ratio of 2.74. The company has a market cap of $13.13 billion, a price-to-earnings ratio of 45.55, a P/E/G ratio of 1.00 and a beta of 1.46.

Dycom Industries (NYSE:DY) last posted its earnings results on Wednesday, March 4th. The construction company reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.12. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.34 billion. Dycom Industries had a return on equity of 21.77% and a net margin of 5.07%.Dycom Industries’s revenue was up 34.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.17 earnings per share. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. As a group, analysts forecast that Dycom Industries, Inc. will post 12.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Wall Street Zen cut Dycom Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 7th. Guggenheim started coverage on Dycom Industries in a report on Thursday, January 22nd. They issued a “buy” rating and a $510.00 target price on the stock. KeyCorp increased their target price on Dycom Industries from $426.00 to $482.00 and gave the company an “overweight” rating in a report on Thursday, March 5th. JPMorgan Chase & Co. increased their target price on Dycom Industries from $395.00 to $415.00 and gave the company an “overweight” rating in a report on Thursday, March 5th. Finally, Weiss Ratings downgraded Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Dycom Industries has a consensus rating of “Buy” and an average target price of $431.64.

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.