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

Peregrine Capital Management LLC reduced 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 & Exchange Commission. The firm owned 28,926 shares of the construction company’s stock after selling 1,253 shares during the quarter. Peregrine Capital Management LLC’s holdings in Dycom Industries were worth $9,801,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of DY. &PARTNERS lifted its holdings in shares of Dycom Industries by 2.5% in the 4th quarter. &PARTNERS now owns 1,053 shares of the construction company’s stock worth $356,000 after buying an additional 26 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Dycom Industries by 17.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the construction company’s stock valued at $69,000 after buying an additional 30 shares during the period. First Bank & Trust increased its stake in shares of Dycom Industries by 1.6% during the fourth quarter. First Bank & Trust now owns 2,106 shares of the construction company’s stock valued at $712,000 after buying an additional 33 shares during the period. Osaic Holdings Inc. raised its holdings in shares of Dycom Industries by 1.7% in the fourth quarter. Osaic Holdings Inc. now owns 2,062 shares of the construction company’s stock valued at $697,000 after acquiring an additional 35 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of Dycom Industries by 1.9% in the fourth quarter. CWM LLC now owns 1,956 shares of the construction company’s stock valued at $661,000 after acquiring an additional 36 shares in the last quarter. 98.33% of the stock is owned by institutional investors.

Dycom Industries Price Performance

Shares of DY stock opened at $506.02 on Wednesday. Dycom Industries, Inc. has a 1-year low of $233.00 and a 1-year high of $566.47. The stock’s 50-day moving average is $451.15 and its 200 day moving average is $399.35. The company has a market cap of $15.20 billion, a P/E ratio of 48.15, a PEG ratio of 0.89 and a beta of 1.49. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.58 and a quick ratio of 2.46.

Dycom Industries (NYSE:DY) last announced its earnings results on Wednesday, May 27th. The construction company reported $4.42 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 4.98% and a return on equity of 24.13%. The firm’s revenue was up 56.1% on a year-over-year basis. During the same period 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. Research analysts predict that Dycom Industries, Inc. will post 15.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DY has been the topic of several recent research reports. Wells Fargo & Company increased their target price on shares of Dycom Industries from $500.00 to $650.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Weiss Ratings lowered shares of Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 18th. Guggenheim upped their price target on shares of Dycom Industries from $575.00 to $620.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. B. Riley Financial increased their price objective on shares of Dycom Industries from $485.00 to $625.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Dycom Industries from $415.00 to $650.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $554.92.

Dycom Industries Company 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.