Dycom Industries, Inc. $DY Shares Sold by Legal & General Group Plc

Legal & General Group Plc lessened its holdings in shares of Dycom Industries, Inc. (NYSE:DY) by 44.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 47,809 shares of the construction company’s stock after selling 38,670 shares during the period. Legal & General Group Plc’s holdings in Dycom Industries were worth $16,155,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in DY. Jones Financial Companies Lllp raised its position in shares of Dycom Industries by 4,626.1% during the 1st quarter. Jones Financial Companies Lllp now owns 2,174 shares of the construction company’s stock worth $331,000 after acquiring an additional 2,128 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Dycom Industries by 7.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 69,726 shares of the construction company’s stock worth $10,622,000 after acquiring an additional 4,985 shares in the last quarter. Invesco Ltd. raised its position in shares of Dycom Industries by 7.0% during the 2nd quarter. Invesco Ltd. now owns 227,127 shares of the construction company’s stock worth $55,508,000 after acquiring an additional 14,891 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Dycom Industries by 73.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock worth $39,000 after acquiring an additional 68 shares in the last quarter. Finally, Cerity Partners LLC raised its position in shares of Dycom Industries by 8.9% during the 2nd quarter. Cerity Partners LLC now owns 2,239 shares of the construction company’s stock worth $547,000 after acquiring an additional 183 shares in the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. UBS Group reissued a “buy” rating and set a $611.00 target price on shares of Dycom Industries in a research report on Friday. Weiss Ratings raised Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday. B. Riley Financial lifted their price target on Dycom Industries from $485.00 to $625.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Zacks Research raised Dycom Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Guggenheim lifted their price target on Dycom Industries from $575.00 to $620.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. One 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $554.92.

Dycom Industries Trading Down 2.9%

Shares of DY stock opened at $495.22 on Tuesday. The business’s 50 day moving average is $404.83 and its two-hundred day moving average is $378.68. Dycom Industries, Inc. has a twelve month low of $225.79 and a twelve month high of $566.47. The company has a market capitalization of $14.87 billion, a P/E ratio of 47.12, a price-to-earnings-growth ratio of 1.17 and a beta of 1.49. The company has a current ratio of 2.58, a quick ratio of 2.46 and a debt-to-equity ratio of 1.48.

Dycom Industries (NYSE:DY) last announced its earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share for the quarter, beating the consensus estimate of $2.73 by $1.69. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period last year, the business posted $2.09 EPS. The company’s revenue was up 56.1% on a year-over-year basis. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. Equities analysts forecast that Dycom Industries, Inc. will post 12.89 EPS for the current 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.