Aristeia Capital L.L.C. Invests $757,000 in Dycom Industries, Inc. $DY

Aristeia Capital L.L.C. acquired a new position in shares of Dycom Industries, Inc. (NYSE:DY) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 2,239 shares of the construction company’s stock, valued at approximately $757,000.

Several other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of Dycom Industries by 265,593,055.6% during the 4th 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 last quarter. Peconic Partners LLC lifted its position in shares of Dycom Industries by 2.8% during the 2nd quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock worth $933,038,000 after purchasing an additional 105,586 shares during the last quarter. Millennium Management LLC lifted its position in shares of Dycom Industries by 21.0% during the 3rd quarter. Millennium Management LLC now owns 1,324,938 shares of the construction company’s stock worth $386,564,000 after purchasing an additional 229,579 shares during the last quarter. Geode Capital Management LLC lifted its position in Dycom Industries by 8.0% in the fourth quarter. Geode Capital Management LLC now owns 727,238 shares of the construction company’s stock valued at $245,771,000 after acquiring an additional 53,993 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in Dycom Industries by 3.4% in the fourth quarter. First Trust Advisors LP now owns 625,171 shares of the construction company’s stock valued at $211,245,000 after acquiring an additional 20,306 shares during the last quarter. 98.33% of the stock is owned by hedge funds and other institutional investors.

Dycom Industries Price Performance

Shares of DY opened at $461.87 on Thursday. Dycom Industries, Inc. has a 1-year low of $229.97 and a 1-year high of $566.47. The stock has a market cap of $13.87 billion, a PE ratio of 43.95, a price-to-earnings-growth ratio of 0.88 and a beta of 1.49. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.58 and a quick ratio of 2.46. The firm has a fifty day moving average price of $434.81 and a 200 day moving average price of $391.28.

Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Wednesday, May 27th. The construction company reported $4.42 EPS for the quarter, beating analysts’ consensus estimates of $2.73 by $1.69. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.67 billion. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. Dycom Industries’s quarterly revenue was up 56.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.09 earnings per share. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. As a group, sell-side analysts anticipate that Dycom Industries, Inc. will post 14.54 EPS for the current year.

Analyst Ratings Changes

DY has been the subject of a number of research reports. Guggenheim boosted their price target on shares of Dycom Industries from $575.00 to $620.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. B. Riley Financial boosted their price target on shares of Dycom Industries from $485.00 to $625.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. UBS Group reissued a “buy” rating and issued a $611.00 price target on shares of Dycom Industries in a research report on Friday, May 29th. Zacks Research raised shares of Dycom Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Finally, Weiss Ratings raised shares of Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. Two research analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $554.92.

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.