Gamco Investors INC. ET AL Trims Holdings in Dycom Industries, Inc. $DY

Gamco Investors INC. ET AL trimmed its position in Dycom Industries, Inc. (NYSE:DY) by 40.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,727 shares of the construction company’s stock after selling 1,839 shares during the period. Gamco Investors INC. ET AL’s holdings in Dycom Industries were worth $921,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its holdings in Dycom Industries by 265,593,055.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 23,903,384 shares of the construction company’s stock valued at $8,076,953,000 after purchasing an additional 23,903,375 shares in the last quarter. Peconic Partners LLC lifted its holdings in Dycom Industries by 2.8% in the 2nd quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock valued at $933,038,000 after purchasing an additional 105,586 shares in the last quarter. Millennium Management LLC lifted its holdings in Dycom Industries by 21.0% in the 3rd quarter. Millennium Management LLC now owns 1,324,938 shares of the construction company’s stock valued at $386,564,000 after purchasing an additional 229,579 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Dycom Industries by 6.8% during the 3rd quarter. First Trust Advisors LP now owns 604,865 shares of the construction company’s stock worth $176,475,000 after acquiring an additional 38,472 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in shares of Dycom Industries by 5,603.6% during the 4th quarter. Nordea Investment Management AB now owns 405,580 shares of the construction company’s stock worth $139,057,000 after acquiring an additional 398,469 shares during the period. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DY has been the topic of several recent analyst reports. B. Riley Financial increased their price objective on shares of Dycom Industries from $420.00 to $485.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. KeyCorp increased their price objective on shares of Dycom Industries from $426.00 to $482.00 and gave the stock an “overweight” rating in a report on Thursday, March 5th. Zacks Research upgraded shares of Dycom Industries from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Cantor Fitzgerald reiterated an “overweight” rating and set a $436.00 price objective on shares of Dycom Industries in a report on Friday, March 27th. Finally, Weiss Ratings lowered shares of Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. One equities research 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’s stock. According to MarketBeat, Dycom Industries has an average rating of “Buy” and a consensus target price of $431.64.

Dycom Industries Stock Down 0.4%

Shares of NYSE:DY opened at $412.73 on Friday. The firm has a market cap of $12.39 billion, a PE ratio of 42.99, a price-to-earnings-growth ratio of 0.95 and a beta of 1.46. The company has a fifty day simple moving average of $389.47 and a 200 day simple 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. Dycom Industries, Inc. has a 12-month low of $220.60 and a 12-month high of $464.82.

Dycom Industries (NYSE:DY) last released its quarterly earnings data on Wednesday, March 4th. The construction company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.12. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.34 billion. Dycom Industries had a net margin of 5.07% and a return on equity of 21.77%. The firm’s revenue was up 34.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.17 earnings per share. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. On average, equities research analysts anticipate that Dycom Industries, Inc. will post 12.89 EPS for the current fiscal year.

Dycom Industries 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.