PFA Pension Forsikringsaktieselskab Purchases New Position in Dycom Industries, Inc. $DY

PFA Pension Forsikringsaktieselskab purchased a new stake in Dycom Industries, Inc. (NYSE:DY) in the fourth quarter, Holdings Channel reports. The firm purchased 5,392 shares of the construction company’s stock, valued at approximately $1,848,000.

A number of other large investors have also recently modified their holdings of the company. Horizon Investments LLC boosted its holdings in shares of Dycom Industries by 43.0% in the fourth quarter. Horizon Investments LLC now owns 16,907 shares of the construction company’s stock valued at $5,713,000 after purchasing an additional 5,086 shares during the period. Payne Capital Management LLC purchased a new stake in shares of Dycom Industries in the fourth quarter valued at approximately $210,000. Sigma Planning Corp purchased a new stake in shares of Dycom Industries in the fourth quarter valued at approximately $319,000. Simplicity Wealth LLC boosted its holdings in shares of Dycom Industries by 49.8% in the fourth quarter. Simplicity Wealth LLC now owns 4,513 shares of the construction company’s stock valued at $1,525,000 after purchasing an additional 1,500 shares during the period. Finally, Torren Management LLC purchased a new stake in shares of Dycom Industries in the fourth quarter valued at approximately $96,000. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Dycom Industries Stock Down 1.1%

Dycom Industries stock opened at $428.63 on Tuesday. The business has a fifty day moving average of $380.17 and a two-hundred day moving average of $356.41. The company has a quick ratio of 2.61, a current ratio of 2.74 and a debt-to-equity ratio of 1.51. The firm has a market cap of $12.87 billion, a P/E ratio of 44.65, a P/E/G ratio of 1.00 and a beta of 1.46. Dycom Industries, Inc. has a twelve month low of $179.70 and a twelve month high of $445.52.

Dycom Industries (NYSE:DY) last issued its quarterly earnings data on Wednesday, March 4th. The construction company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.91 by $0.12. Dycom Industries had a return on equity of 21.77% and a net margin of 5.07%.The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the business posted $1.17 EPS. The business’s revenue for the quarter 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. On average, analysts forecast that Dycom Industries, Inc. will post 12.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on DY shares. Zacks Research upgraded Dycom Industries from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Cantor Fitzgerald restated an “overweight” rating and set a $436.00 target price on shares of Dycom Industries in a report on Friday, March 27th. KeyCorp upped their target price on Dycom Industries from $426.00 to $482.00 and gave the stock an “overweight” rating in a report on Thursday, March 5th. Bank of America upped their target price on Dycom Industries from $365.00 to $475.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Dycom Industries in a report on Wednesday, January 21st. One research 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 company. Based on data from MarketBeat, Dycom Industries currently has a consensus rating of “Buy” and an average target price of $431.64.

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.