Pacer Advisors Inc. Purchases 1,412 Shares of Dycom Industries, Inc. $DY

Pacer Advisors Inc. grew its position in Dycom Industries, Inc. (NYSE:DY) by 41.5% in the first quarter, Holdings Channel.com reports. The fund owned 4,816 shares of the construction company’s stock after buying an additional 1,412 shares during the period. Pacer Advisors Inc.’s holdings in Dycom Industries were worth $1,632,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its position in Dycom Industries by 265,593,055.6% in 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 period. Peconic Partners LLC increased its holdings in Dycom Industries by 2.8% in the 2nd quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock valued at $933,038,000 after buying an additional 105,586 shares during the period. First Trust Advisors LP increased 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 period. Geode Capital Management LLC raised its stake in shares of Dycom Industries by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 727,238 shares of the construction company’s stock valued at $245,771,000 after buying an additional 53,993 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Dycom Industries by 24.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 558,519 shares of the construction company’s stock worth $188,725,000 after acquiring an additional 110,065 shares during the period. Institutional investors and hedge funds own 98.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DY. Wells Fargo & Company lifted their target price on shares of Dycom Industries from $500.00 to $650.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Wedbush set a $654.00 price target on shares of Dycom Industries in a research report on Friday, May 29th. KeyCorp raised their price target on shares of Dycom Industries from $482.00 to $610.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Weiss Ratings lowered Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, July 29th. Finally, Zacks Research cut Dycom Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Dycom Industries currently has a consensus rating of “Buy” and a consensus price target of $554.92.

Dycom Industries Price Performance

Dycom Industries stock opened at $408.11 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.46 and a current ratio of 2.58. The firm has a market cap of $12.26 billion, a P/E ratio of 38.83, a P/E/G ratio of 0.72 and a beta of 1.54. The business’s fifty day moving average is $443.82 and its two-hundred day moving average is $412.87. Dycom Industries, Inc. has a 52 week low of $233.00 and a 52 week high of $566.47.

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

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.