Nordea Investment Management AB Grows Stock Position in Dycom Industries, Inc. $DY

Nordea Investment Management AB lifted its holdings in Dycom Industries, Inc. (NYSE:DY) by 5,603.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 405,580 shares of the construction company’s stock after buying an additional 398,469 shares during the period. Nordea Investment Management AB’s holdings in Dycom Industries were worth $139,057,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in DY. Root Financial Partners LLC purchased a new stake in Dycom Industries during the third quarter valued at approximately $26,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Dycom Industries during the 2nd quarter worth $32,000. Optiver Holding B.V. grew its position in shares of Dycom Industries by 57.1% during the 3rd quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock valued at $32,000 after acquiring an additional 40 shares during the period. CI Investments Inc. grew its position 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 valued at $34,000 after acquiring an additional 83 shares during the period. Finally, Salomon & Ludwin LLC purchased a new stake in shares of Dycom Industries in the 3rd quarter worth $37,000. 98.33% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Dycom Industries

In related news, Director Eitan Gertel sold 3,645 shares of the stock in a transaction dated 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 owned 15,997 shares in the company, valued at approximately $5,528,883.14. This trade represents a 18.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.72% of the stock is currently owned by company insiders.

Dycom Industries Stock Down 5.4%

DY opened at $336.43 on Monday. The stock has a market cap of $10.08 billion, a price-to-earnings ratio of 35.04, a price-to-earnings-growth ratio of 0.78 and a beta of 1.34. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.61 and a current ratio of 2.74. The firm’s fifty day moving average is $384.69 and its 200 day moving average is $335.35. Dycom Industries, Inc. has a fifty-two week low of $131.37 and a fifty-two week high of $445.52.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on DY shares. Cantor Fitzgerald assumed coverage on Dycom Industries in a report on Tuesday, March 10th. They issued an “overweight” rating and a $436.00 target price on the stock. 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 research report on Wednesday, February 25th. UBS Group set a $475.00 price objective on Dycom Industries and gave the stock a “buy” rating in a research note on Friday, March 6th. B. Riley Financial lifted their price objective on Dycom Industries from $420.00 to $485.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Dycom Industries in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.