2,000 Shares in Dycom Industries, Inc. $DY Acquired by PEAK6 LLC

PEAK6 LLC acquired a new stake in Dycom Industries, Inc. (NYSE:DY) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 2,000 shares of the construction company’s stock, valued at approximately $1,011,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. increased its stake in shares of Dycom Industries by 265,593,055.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 23,903,384 shares of the construction company’s stock worth $8,076,953,000 after buying an additional 23,903,375 shares during the period. BlackRock Inc. purchased a new stake in Dycom Industries during the 2nd quarter valued at $1,513,523,000. Bank of New York Mellon Corp bought a new stake in Dycom Industries in the 2nd quarter worth $90,216,000. First Trust Advisors LP grew its holdings in Dycom Industries by 27.8% in the 1st quarter. First Trust Advisors LP now owns 798,699 shares of the construction company’s stock worth $270,615,000 after acquiring an additional 173,528 shares during the last quarter. Finally, Alyeska Investment Group L.P. purchased a new position in shares of Dycom Industries in the third quarter valued at about $44,553,000. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Dycom Industries Price Performance

Shares of NYSE DY opened at $393.24 on Monday. Dycom Industries, Inc. has a 1 year low of $242.55 and a 1 year high of $566.47. The stock has a market capitalization of $11.81 billion, a P/E ratio of 37.42, a P/E/G ratio of 0.69 and a beta of 1.54. The company’s 50-day moving average is $431.31 and its 200 day moving average is $415.79. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.58 and a quick ratio of 2.46.

Dycom Industries (NYSE:DY) last issued its quarterly earnings data on Wednesday, May 27th. The construction company reported $4.42 EPS for the quarter, topping the consensus estimate of $2.73 by $1.69. The business had revenue of $1.96 billion during 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% compared to the same quarter last year. During the same period last year, the business posted $2.09 earnings per share. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. On average, sell-side analysts expect that Dycom Industries, Inc. will post 15.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. B. Riley Financial increased their target price on shares of Dycom Industries from $485.00 to $625.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Cantor Fitzgerald upped their price target on Dycom Industries from $436.00 to $654.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. Weiss Ratings upgraded Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 13th. KeyCorp lifted their price objective on Dycom Industries from $482.00 to $610.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Finally, Zacks Research downgraded Dycom Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $578.09.

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.