Rice Hall James & Associates LLC Sells 4,072 Shares of Dycom Industries, Inc. $DY

Rice Hall James & Associates LLC lowered its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 25.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,786 shares of the construction company’s stock after selling 4,072 shares during the quarter. Rice Hall James & Associates LLC’s holdings in Dycom Industries were worth $3,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC boosted its position in Dycom Industries by 4.9% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 2,761 shares of the construction company’s stock valued at $933,000 after purchasing an additional 129 shares in the last quarter. Verition Fund Management LLC boosted its position in Dycom Industries by 8.6% during the fourth quarter. Verition Fund Management LLC now owns 14,250 shares of the construction company’s stock valued at $4,815,000 after purchasing an additional 1,123 shares in the last quarter. Mariner LLC boosted its position in Dycom Industries by 11.9% during the fourth quarter. Mariner LLC now owns 9,366 shares of the construction company’s stock valued at $3,166,000 after purchasing an additional 998 shares in the last quarter. Barclays PLC boosted its holdings in Dycom Industries by 14.1% in the fourth quarter. Barclays PLC now owns 64,010 shares of the construction company’s stock worth $21,629,000 after acquiring an additional 7,908 shares in the last quarter. Finally, Aigen Investment Management LP acquired a new stake in Dycom Industries in the fourth quarter worth about $1,154,000. Institutional investors own 98.33% of the company’s stock.

Wall Street Analyst Weigh In

DY has been the subject of several research analyst reports. UBS Group restated a “buy” rating and issued a $611.00 price objective on shares of Dycom Industries in a research note on Friday, May 29th. Bank of America raised their price objective on Dycom Industries from $365.00 to $475.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Wedbush set a $654.00 price objective on Dycom Industries in a research note on Friday, May 29th. KeyCorp raised their price objective on Dycom Industries from $482.00 to $610.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Finally, Wells Fargo & Company raised their price objective on Dycom Industries from $500.00 to $650.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. Based on data from MarketBeat.com, Dycom Industries has a consensus rating of “Buy” and an average price target of $554.92.

Dycom Industries Stock Down 0.1%

Shares of DY stock opened at $470.83 on Wednesday. The stock has a 50 day moving average of $432.55 and a 200 day moving average of $390.53. The company has a current ratio of 2.58, a quick ratio of 2.46 and a debt-to-equity ratio of 1.48. The stock has a market cap of $14.14 billion, a P/E ratio of 44.80, a P/E/G ratio of 0.88 and a beta of 1.49. Dycom Industries, Inc. has a twelve month low of $229.97 and a twelve month high of $566.47.

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 business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.The business’s revenue was up 56.1% compared to the same quarter last year. During the same period in the previous year, the business earned $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 expect that Dycom Industries, Inc. will post 14.54 EPS for the current year.

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.