Janus Henderson Group PLC Has $13.63 Million Stock Position in Dycom Industries, Inc. $DY

Janus Henderson Group PLC boosted its stake in Dycom Industries, Inc. (NYSE:DY) by 221.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,228 shares of the construction company’s stock after acquiring an additional 27,712 shares during the period. Janus Henderson Group PLC’s holdings in Dycom Industries were worth $13,631,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sound Income Strategies LLC bought a new position in Dycom Industries during the 4th quarter worth approximately $32,000. Kemnay Advisory Services Inc. bought a new stake in shares of Dycom Industries in the 4th quarter valued at $30,000. Acumen Wealth Advisors LLC acquired a new stake in shares of Dycom Industries during the fourth quarter worth $35,000. Legacy Wealth Managment LLC ID bought a new position in Dycom Industries during the fourth quarter worth $39,000. Finally, Nemes Rush Group LLC bought a new position in Dycom Industries during the fourth quarter worth $40,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries Stock Performance

Shares of Dycom Industries stock opened at $415.56 on Wednesday. The business has a 50-day simple moving average of $450.92 and a 200 day simple moving average of $412.42. Dycom Industries, Inc. has a one year low of $233.00 and a one 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 firm has a market capitalization of $12.48 billion, a price-to-earnings ratio of 39.54, a PEG ratio of 0.73 and a beta of 1.54.

Dycom Industries (NYSE:DY) last announced its quarterly earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share (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 for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the prior year, the company earned $2.09 earnings per share. The company’s quarterly 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. On average, research analysts anticipate that Dycom Industries, Inc. will post 15.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DY has been the topic of several recent analyst reports. B. Riley Financial boosted their target price on shares of Dycom Industries from $485.00 to $625.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Wells Fargo & Company lifted their price objective on Dycom Industries from $500.00 to $650.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. lifted their price objective on Dycom Industries from $415.00 to $650.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. UBS Group reissued a “buy” rating on shares of Dycom Industries in a research note on Friday, July 24th. Finally, Zacks Research lowered Dycom Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $554.92.

About Dycom Industries

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.