2,198 Shares in Dycom Industries, Inc. $DY Bought by Twin Tree Management LP

Twin Tree Management LP bought a new position in Dycom Industries, Inc. (NYSE:DY) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 2,198 shares of the construction company’s stock, valued at approximately $1,111,000.

Other large investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Dycom Industries by 265,593,055.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 23,903,384 shares of the construction company’s stock worth $8,076,953,000 after purchasing an additional 23,903,375 shares during the last quarter. BlackRock Inc. acquired a new position in shares of Dycom Industries in the second quarter valued at approximately $1,513,523,000. Bank of New York Mellon Corp bought a new position in Dycom Industries in the 2nd quarter valued at approximately $90,216,000. First Trust Advisors LP raised its holdings in Dycom Industries by 27.8% in the 1st quarter. First Trust Advisors LP now owns 798,699 shares of the construction company’s stock valued at $270,615,000 after buying an additional 173,528 shares during the last quarter. Finally, Alyeska Investment Group L.P. bought a new position in Dycom Industries in the 3rd quarter valued at approximately $44,553,000. 98.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DY has been the topic of a number of research reports. Wall Street Zen lowered shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. B. Riley Financial raised their price target 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. KeyCorp lifted their price target on shares of Dycom Industries from $482.00 to $610.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Guggenheim boosted their price objective on shares of Dycom Industries from $575.00 to $620.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Finally, Weiss Ratings upgraded Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 13th. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Dycom Industries has a consensus rating of “Moderate Buy” and a consensus price target of $578.09.

Dycom Industries Stock Down 1.7%

Shares of NYSE:DY opened at $393.24 on Friday. Dycom Industries, Inc. has a 1 year low of $242.55 and a 1 year high of $566.47. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.58 and a quick ratio of 2.46. The business’s 50-day moving average is $431.31 and its 200-day moving average is $415.56. The company has a market capitalization of $11.81 billion, a price-to-earnings ratio of 37.42, a P/E/G ratio of 0.69 and a beta of 1.54.

Dycom Industries (NYSE:DY) last released its earnings results on Wednesday, May 27th. The construction company reported $4.42 EPS for the quarter, topping 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 business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter last year, the firm posted $2.09 earnings per share. The firm’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 research analysts predict that Dycom Industries, Inc. will post 15.45 earnings per share 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.