Dycom Industries, Inc. $DY Shares Acquired by Legato Capital Management LLC

Legato Capital Management LLC grew its stake in Dycom Industries, Inc. (NYSE:DY) by 45.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,450 shares of the construction company’s stock after buying an additional 1,710 shares during the quarter. Legato Capital Management LLC’s holdings in Dycom Industries were worth $1,842,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. First Bank & Trust lifted its holdings in shares of Dycom Industries by 1.6% in the 4th quarter. First Bank & Trust now owns 2,106 shares of the construction company’s stock valued at $712,000 after buying an additional 33 shares during the period. CWM LLC lifted its holdings in shares of Dycom Industries by 1.9% in the 4th quarter. CWM LLC now owns 1,956 shares of the construction company’s stock valued at $661,000 after buying an additional 36 shares during the period. Optiver Holding B.V. lifted its holdings in shares of 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 buying an additional 40 shares during the period. UMB Bank n.a. lifted its holdings in shares of Dycom Industries by 57.3% in the 3rd quarter. UMB Bank n.a. now owns 129 shares of the construction company’s stock valued at $38,000 after buying an additional 47 shares during the period. Finally, Archer Investment Corp lifted its holdings in shares of Dycom Industries by 7.1% in the 3rd quarter. Archer Investment Corp now owns 739 shares of the construction company’s stock valued at $216,000 after buying an additional 49 shares during the period. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries Price Performance

NYSE:DY opened at $412.73 on Friday. Dycom Industries, Inc. has a 12 month low of $220.60 and a 12 month high of $464.82. The stock has a 50 day moving average of $389.47 and a two-hundred day moving average of $369.82. The company has a current ratio of 2.74, a quick ratio of 2.61 and a debt-to-equity ratio of 1.51. The firm has a market cap of $12.39 billion, a P/E ratio of 42.99, a price-to-earnings-growth ratio of 0.94 and a beta of 1.46.

Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Wednesday, March 4th. The construction company reported $2.03 EPS for the quarter, topping 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 company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the business earned $1.17 EPS. Dycom Industries’s quarterly revenue was up 34.4% on a year-over-year basis. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. On average, analysts expect that Dycom Industries, Inc. will post 12.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. UBS Group set a $475.00 price objective on Dycom Industries and gave the company a “buy” rating in a report on Friday, March 6th. KeyCorp upped their price target on Dycom Industries from $426.00 to $482.00 and gave the stock an “overweight” rating in a report on Thursday, March 5th. Wall Street Zen cut Dycom Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 7th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $436.00 price target on shares of Dycom Industries in a report on Friday, March 27th. Finally, Bank of America upped their price target on Dycom Industries from $365.00 to $475.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target 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.