Aigen Investment Management LP Invests $1.15 Million in Dycom Industries, Inc. $DY

Aigen Investment Management LP purchased a new position in Dycom Industries, Inc. (NYSE:DY) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 3,414 shares of the construction company’s stock, valued at approximately $1,154,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. lifted its holdings 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 valued at $8,076,953,000 after purchasing an additional 23,903,375 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Dycom Industries by 5,603.6% during the fourth quarter. Nordea Investment Management AB now owns 405,580 shares of the construction company’s stock worth $139,057,000 after buying an additional 398,469 shares during the period. Millennium Management LLC boosted its position in shares of Dycom Industries by 21.0% during the third quarter. Millennium Management LLC now owns 1,324,938 shares of the construction company’s stock worth $386,564,000 after buying an additional 229,579 shares during the period. Alyeska Investment Group L.P. acquired a new position in shares of Dycom Industries during the third quarter worth about $44,553,000. Finally, Bornite Capital Management LP acquired a new position in shares of Dycom Industries during the third quarter worth about $43,764,000. 98.33% of the stock is currently owned by institutional investors.

Dycom Industries Price Performance

NYSE:DY opened at $469.52 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.46 and a current ratio of 2.58. The stock’s 50-day simple moving average is $427.64 and its 200 day simple moving average is $388.51. The company has a market cap of $14.10 billion, a P/E ratio of 44.67, a P/E/G ratio of 0.88 and a beta of 1.49. Dycom Industries, Inc. has a 52-week low of $229.97 and a 52-week high of $566.47.

Dycom Industries (NYSE:DY) last posted its quarterly earnings results on Wednesday, May 27th. The construction company reported $4.42 EPS for the quarter, topping analysts’ consensus estimates of $2.73 by $1.69. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter last year, the company posted $2.09 earnings per share. Dycom Industries’s quarterly revenue was up 56.1% on a year-over-year basis. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. As a group, sell-side analysts forecast that Dycom Industries, Inc. will post 14.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Guggenheim upped their price objective on Dycom Industries from $575.00 to $620.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Cantor Fitzgerald upped their price objective on Dycom Industries from $436.00 to $654.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Wells Fargo & Company upped their price objective on Dycom Industries from $500.00 to $650.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Bank of America lifted their target price on Dycom Industries from $365.00 to $475.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Finally, Weiss Ratings raised Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. Two research analysts have rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. Based on data from MarketBeat.com, Dycom Industries currently has an average rating of “Buy” and a consensus target price of $554.92.

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.