Jefferies Financial Group Inc. Takes Position in Dycom Industries, Inc. $DY

Jefferies Financial Group Inc. acquired a new position in Dycom Industries, Inc. (NYSE:DY) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 20,240 shares of the construction company’s stock, valued at approximately $5,905,000. Jefferies Financial Group Inc. owned 0.07% of Dycom Industries as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Root Financial Partners LLC acquired a new stake in Dycom Industries in the 3rd quarter valued at approximately $26,000. Optiver Holding B.V. lifted its holdings in shares of Dycom Industries by 57.1% during the third quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock worth $32,000 after buying an additional 40 shares during the last quarter. CI Investments Inc. lifted its holdings in shares of Dycom Industries by 259.4% during the third quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock worth $34,000 after buying an additional 83 shares during the last quarter. Salomon & Ludwin LLC bought a new stake in shares of Dycom Industries in the third quarter valued at approximately $37,000. Finally, UMB Bank n.a. grew its stake in shares of Dycom Industries by 57.3% in the third quarter. UMB Bank n.a. now owns 129 shares of the construction company’s stock worth $38,000 after acquiring an additional 47 shares during the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries Trading Up 0.8%

DY stock opened at $360.02 on Tuesday. The business has a fifty day moving average price of $382.67 and a 200 day moving average price of $328.89. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.74 and a quick ratio of 2.61. Dycom Industries, Inc. has a fifty-two week low of $131.37 and a fifty-two week high of $445.52. The stock has a market capitalization of $10.43 billion, a price-to-earnings ratio of 37.50, a P/E/G ratio of 1.22 and a beta of 1.34.

Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Wednesday, March 4th. The construction company reported $2.03 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the firm earned $1.17 earnings per share. The business’s revenue was up 34.4% on a year-over-year basis. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. Analysts expect that Dycom Industries, Inc. will post 7.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other Dycom Industries news, Director Eitan Gertel sold 3,645 shares of the firm’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $345.62, for a total value of $1,259,784.90. Following the completion of the sale, the director owned 15,997 shares in the company, valued at approximately $5,528,883.14. This trade represents a 18.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DY shares. Weiss Ratings restated a “buy (b)” rating on shares of Dycom Industries in a research report on Wednesday, January 21st. JPMorgan Chase & Co. increased their target price on shares of Dycom Industries from $395.00 to $415.00 and gave the company an “overweight” rating in a research note on Thursday, March 5th. B. Riley Financial boosted their price target on Dycom Industries from $420.00 to $485.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Bank of America raised their price objective on Dycom Industries from $365.00 to $475.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Finally, KeyCorp lifted their price target on shares of Dycom Industries from $426.00 to $482.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $431.20.

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.