Counterpoint Mutual Funds LLC Lowers Position in Dycom Industries, Inc. $DY

Counterpoint Mutual Funds LLC reduced its stake in Dycom Industries, Inc. (NYSE:DY) by 83.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,657 shares of the construction company’s stock after selling 8,224 shares during the period. Counterpoint Mutual Funds LLC’s holdings in Dycom Industries were worth $561,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. boosted its stake in Dycom Industries by 265,593,055.6% during 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. Peconic Partners LLC lifted its holdings in shares of Dycom Industries by 2.8% in the 2nd quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock worth $933,038,000 after acquiring an additional 105,586 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Dycom Industries by 21.0% in the 3rd quarter. Millennium Management LLC now owns 1,324,938 shares of the construction company’s stock worth $386,564,000 after acquiring an additional 229,579 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Dycom Industries by 8.0% during the 4th quarter. Geode Capital Management LLC now owns 727,238 shares of the construction company’s stock worth $245,771,000 after purchasing an additional 53,993 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of Dycom Industries by 3.4% during the 4th quarter. First Trust Advisors LP now owns 625,171 shares of the construction company’s stock worth $211,245,000 after purchasing an additional 20,306 shares during the period. Institutional investors and hedge funds own 98.33% of the company’s stock.

Analysts Set New Price Targets

DY has been the topic of a number of research analyst reports. B. Riley Financial boosted their target price on Dycom Industries from $485.00 to $625.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. KeyCorp raised their price target on Dycom Industries from $482.00 to $610.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Wedbush set a $654.00 price objective on Dycom Industries in a research note on Friday, May 29th. UBS Group reissued a “buy” rating and set a $611.00 target price on shares of Dycom Industries in a research note on Friday, May 29th. Finally, Cantor Fitzgerald raised their target price on Dycom Industries from $436.00 to $654.00 and gave the company an “overweight” rating in a 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. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $554.92.

Dycom Industries Trading Down 0.1%

NYSE:DY opened at $437.24 on Friday. Dycom Industries, Inc. has a 12-month low of $233.00 and a 12-month high of $566.47. The firm has a market cap of $13.13 billion, a PE ratio of 41.60, a price-to-earnings-growth ratio of 0.77 and a beta of 1.50. The company has a current ratio of 2.58, a quick ratio of 2.46 and a debt-to-equity ratio of 1.48. The stock has a fifty day moving average price of $453.62 and a 200 day moving average price of $401.00.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share for the quarter, topping the consensus estimate of $2.73 by $1.69. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.67 billion. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.Dycom Industries’s revenue was up 56.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.09 EPS. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. Sell-side analysts anticipate that Dycom Industries, Inc. will post 15.42 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.