Aristeia Capital L.L.C. Acquires Shares of 2,239 Dycom Industries, Inc. $DY

Aristeia Capital L.L.C. bought a new position in Dycom Industries, Inc. (NYSE:DY) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 2,239 shares of the construction company’s stock, valued at approximately $757,000.

A number of other institutional investors have also bought and sold shares of the business. &PARTNERS lifted its stake in Dycom Industries by 2.5% in the 4th quarter. &PARTNERS now owns 1,053 shares of the construction company’s stock worth $356,000 after purchasing an additional 26 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Dycom Industries by 17.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the construction company’s stock worth $69,000 after purchasing an additional 30 shares in the last quarter. First Bank & Trust lifted its stake in Dycom Industries by 1.6% in the 4th quarter. First Bank & Trust now owns 2,106 shares of the construction company’s stock worth $712,000 after purchasing an additional 33 shares in the last quarter. Osaic Holdings Inc. lifted its stake in Dycom Industries by 1.7% in the 4th quarter. Osaic Holdings Inc. now owns 2,062 shares of the construction company’s stock worth $697,000 after purchasing an additional 35 shares in the last quarter. Finally, CWM LLC lifted its stake in Dycom Industries by 1.9% in the 4th quarter. CWM LLC now owns 1,956 shares of the construction company’s stock worth $661,000 after purchasing an additional 36 shares in the last quarter. 98.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on DY shares. UBS Group restated a “buy” rating and set a $611.00 price target on shares of Dycom Industries in a report on Friday, May 29th. Wells Fargo & Company raised their price target on shares of Dycom Industries from $500.00 to $650.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Wall Street Zen upgraded shares of Dycom Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 6th. KeyCorp raised their price target on shares of Dycom Industries from $482.00 to $610.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Finally, Wedbush set a $654.00 price target on shares of Dycom Industries in a report on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $554.92.

Dycom Industries Stock Performance

NYSE:DY opened at $461.87 on Thursday. The company has a fifty day simple moving average of $434.81 and a two-hundred day simple moving average of $391.28. The company has a market cap of $13.87 billion, a price-to-earnings ratio of 43.95, a price-to-earnings-growth ratio of 0.88 and a beta of 1.49. The company has a quick ratio of 2.46, a current ratio of 2.58 and a debt-to-equity ratio of 1.48. 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 the consensus estimate of $2.73 by $1.69. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.67 billion. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The company’s quarterly revenue was up 56.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.09 earnings per share. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. As a group, equities analysts anticipate that Dycom Industries, Inc. will post 14.54 earnings per share for the current fiscal year.

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.