Dycom Industries, Inc. $DY Shares Sold by First Eagle Investment Management LLC

First Eagle Investment Management LLC cut its holdings in shares of Dycom Industries, Inc. (NYSE:DY) by 18.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,792 shares of the construction company’s stock after selling 8,650 shares during the period. First Eagle Investment Management LLC’s holdings in Dycom Industries were worth $12,770,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Trek Financial LLC acquired a new position in shares of Dycom Industries during the fourth quarter worth approximately $3,306,000. Swiss Life Asset Management Ltd boosted its position in shares of Dycom Industries by 57.7% during the fourth quarter. Swiss Life Asset Management Ltd now owns 2,129 shares of the construction company’s stock worth $719,000 after buying an additional 779 shares during the period. Securian Asset Management Inc. acquired a new position in shares of Dycom Industries during the fourth quarter worth approximately $713,000. Altman Advisors Inc. acquired a new position in shares of Dycom Industries during the fourth quarter worth approximately $2,255,000. Finally, Legacy Wealth Managment LLC ID acquired a new position in shares of Dycom Industries during the fourth quarter worth approximately $39,000. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Dycom Industries Price Performance

Shares of NYSE:DY opened at $430.00 on Wednesday. Dycom Industries, Inc. has a one year low of $186.42 and a one year high of $464.82. The stock has a fifty day moving average of $381.91 and a 200-day moving average of $362.59. The company has a market capitalization of $12.91 billion, a PE ratio of 44.79, a price-to-earnings-growth ratio of 0.99 and a beta of 1.46. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.61 and a current ratio of 2.74.

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

Analyst Ratings Changes

DY has been the subject of a number of research analyst reports. Zacks Research upgraded Dycom Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Wall Street Zen downgraded Dycom Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 7th. B. Riley Financial upped their target price on Dycom Industries from $420.00 to $485.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Cantor Fitzgerald restated an “overweight” rating and issued a $436.00 target price on shares of Dycom Industries in a research report on Friday, March 27th. Finally, Guggenheim initiated coverage on Dycom Industries in a research report on Thursday, January 22nd. They issued a “buy” rating and a $510.00 target price for the company. One equities research 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 company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $431.64.

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.