New York Life Investment Management LLC Makes New $830,000 Investment in Dycom Industries, Inc. $DY

New York Life Investment Management LLC purchased a new stake in Dycom Industries, Inc. (NYSE:DY) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,844 shares of the construction company’s stock, valued at approximately $830,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in DY. Arrowstreet Capital Limited Partnership bought a new stake in Dycom Industries in the 2nd quarter valued at $34,671,000. Voya Investment Management LLC lifted its holdings in shares of Dycom Industries by 92.6% in the third quarter. Voya Investment Management LLC now owns 237,576 shares of the construction company’s stock valued at $69,315,000 after purchasing an additional 114,235 shares in the last quarter. Peconic Partners LLC boosted its position in shares of Dycom Industries by 2.8% during the second quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock worth $933,038,000 after buying an additional 105,586 shares during the period. WCM Investment Management LLC bought a new position in shares of Dycom Industries during the third quarter worth about $15,744,000. Finally, M&G PLC acquired a new stake in Dycom Industries in the 2nd quarter valued at approximately $10,918,000. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Dycom Industries Trading Up 2.4%

Shares of NYSE:DY opened at $427.35 on Friday. Dycom Industries, Inc. has a 52-week low of $131.37 and a 52-week high of $445.52. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.90 and a current ratio of 3.09. The company has a market capitalization of $12.38 billion, a P/E ratio of 42.06, a price-to-earnings-growth ratio of 1.83 and a beta of 1.36. The company has a 50-day simple moving average of $363.65 and a 200 day simple moving average of $312.74.

Dycom Industries (NYSE:DY) last released its quarterly earnings data on Wednesday, November 19th. The construction company reported $3.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.48. Dycom Industries had a return on equity of 22.21% and a net margin of 5.75%.The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the prior year, the company earned $2.68 earnings per share. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. Sell-side analysts forecast that Dycom Industries, Inc. will post 7.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DY has been the subject of a number of recent research reports. Zacks Research downgraded Dycom Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. KeyCorp restated an “overweight” rating on shares of Dycom Industries in a report on Tuesday, January 27th. JPMorgan Chase & Co. lifted their price target on shares of Dycom Industries from $370.00 to $395.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. UBS Group boosted their price target on shares of Dycom Industries from $373.00 to $400.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Finally, Guggenheim assumed coverage on Dycom Industries in a report on Thursday, January 22nd. They issued a “buy” rating and a $510.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Dycom Industries has a consensus rating of “Buy” and an average price target of $395.20.

Insider Transactions at Dycom Industries

In other Dycom Industries news, Director Eitan Gertel sold 3,645 shares of Dycom Industries stock in a transaction on Friday, January 9th. The shares were sold at an average price of $345.62, for a total transaction of $1,259,784.90. Following the completion of the transaction, the director directly owned 15,997 shares of the company’s stock, valued at $5,528,883.14. The trade was a 18.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.72% of the stock is owned by corporate insiders.

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.