SG Americas Securities LLC Grows Position in Dycom Industries, Inc. $DY

SG Americas Securities LLC raised its stake in Dycom Industries, Inc. (NYSE:DY) by 150.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 13,724 shares of the construction company’s stock after purchasing an additional 8,247 shares during the quarter. SG Americas Securities LLC’s holdings in Dycom Industries were worth $4,637,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in DY. Root Financial Partners LLC purchased a new stake in Dycom Industries during the 3rd quarter worth about $26,000. Twin Peaks Wealth Advisors LLC purchased a new position in Dycom Industries in the 2nd quarter valued at about $32,000. Optiver Holding B.V. lifted its holdings in Dycom Industries by 57.1% in the 3rd quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock valued at $32,000 after purchasing an additional 40 shares in the last quarter. CI Investments Inc. boosted its stake in shares of Dycom Industries by 259.4% during the 3rd quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock worth $34,000 after purchasing an additional 83 shares during the last quarter. Finally, Salomon & Ludwin LLC acquired a new stake in shares of Dycom Industries during the 3rd quarter worth about $37,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

Insider Activity

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

Dycom Industries Price Performance

DY opened at $347.70 on Thursday. The company’s 50 day simple moving average is $381.42 and its 200 day simple moving average is $339.73. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.61 and a current ratio of 2.74. Dycom Industries, Inc. has a 1 year low of $131.37 and a 1 year high of $445.52. The stock has a market capitalization of $10.42 billion, a PE ratio of 36.22, a P/E/G ratio of 0.78 and a beta of 1.38.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Wednesday, March 4th. The construction company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.91 by $0.12. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.34 billion. Dycom Industries had a net margin of 5.07% and a return on equity of 21.77%. Dycom Industries’s revenue for the quarter was up 34.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.17 earnings per share. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. As a group, sell-side analysts expect that Dycom Industries, Inc. will post 7.13 EPS for the current year.

Analyst Upgrades and Downgrades

DY has been the subject of a number of analyst reports. Bank of America boosted their price objective on shares of Dycom Industries from $365.00 to $475.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Wall Street Zen cut shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th. Guggenheim began coverage on Dycom Industries in a report on Thursday, January 22nd. They issued a “buy” rating and a $510.00 price target for the company. JPMorgan Chase & Co. increased their price target on Dycom Industries from $395.00 to $415.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. Finally, B. Riley Financial raised their price objective on Dycom Industries from $420.00 to $485.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Dycom Industries currently has a consensus rating of “Moderate Buy” and an average target price of $431.64.

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.