Caxton Associates LLP Buys 4,191 Shares of Dycom Industries, Inc. $DY

Caxton Associates LLP grew its position in shares of Dycom Industries, Inc. (NYSE:DY) by 298.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,597 shares of the construction company’s stock after purchasing an additional 4,191 shares during the period. Caxton Associates LLP’s holdings in Dycom Industries were worth $1,896,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Inceptionr LLC bought a new position in Dycom Industries during the first quarter valued at approximately $1,133,000. Lido Advisors LLC raised its holdings in shares of Dycom Industries by 8.7% during the 1st quarter. Lido Advisors LLC now owns 762 shares of the construction company’s stock worth $258,000 after acquiring an additional 61 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Dycom Industries by 32.4% during the 1st quarter. Cetera Investment Advisers now owns 5,671 shares of the construction company’s stock worth $1,921,000 after acquiring an additional 1,389 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Dycom Industries by 27.8% during the 1st quarter. First Trust Advisors LP now owns 798,699 shares of the construction company’s stock valued at $270,615,000 after acquiring an additional 173,528 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Dycom Industries by 13.5% in the first quarter. PNC Financial Services Group Inc. now owns 2,032 shares of the construction company’s stock valued at $688,000 after purchasing an additional 241 shares in the last quarter. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on DY shares. Zacks Research upgraded shares of Dycom Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Cantor Fitzgerald increased their price target on shares of Dycom Industries from $436.00 to $654.00 and gave the company an “overweight” rating in a report on Friday, May 29th. UBS Group reissued a “buy” rating on shares of Dycom Industries in a research note on Friday. Wells Fargo & Company upped their price objective on Dycom Industries from $500.00 to $650.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Finally, JPMorgan Chase & Co. lifted their target price on Dycom Industries from $415.00 to $650.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $554.92.

Dycom Industries Stock Down 2.2%

Shares of NYSE:DY opened at $430.58 on Friday. The firm has a market capitalization of $12.93 billion, a PE ratio of 40.97, a price-to-earnings-growth ratio of 0.76 and a beta of 1.50. The business has a 50 day simple moving average of $452.12 and a two-hundred day simple moving average of $409.13. Dycom Industries, Inc. has a 1 year low of $233.00 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.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.73 by $1.69. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.67 billion. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.Dycom Industries’s quarterly revenue was up 56.1% compared to the same quarter last year. During the same period last year, the company earned $2.09 EPS. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. On average, equities analysts predict that Dycom Industries, Inc. will post 15.45 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.