Dycom Industries, Inc. $DY Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. reduced its holdings in shares of Dycom Industries, Inc. (NYSE:DY) by 10.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 23,980 shares of the construction company’s stock after selling 2,946 shares during the period. Bessemer Group Inc.’s holdings in Dycom Industries were worth $8,125,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in DY. &PARTNERS boosted its position in Dycom Industries by 2.5% in the 4th quarter. &PARTNERS now owns 1,053 shares of the construction company’s stock valued at $356,000 after buying an additional 26 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Dycom Industries by 17.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the construction company’s stock worth $69,000 after acquiring an additional 30 shares during the period. First Bank & Trust increased its position in shares of Dycom Industries by 1.6% during the fourth quarter. First Bank & Trust now owns 2,106 shares of the construction company’s stock worth $712,000 after acquiring an additional 33 shares during the period. Osaic Holdings Inc. increased its position in shares of Dycom Industries by 1.7% during the fourth quarter. Osaic Holdings Inc. now owns 2,062 shares of the construction company’s stock worth $697,000 after acquiring an additional 35 shares during the period. Finally, CWM LLC raised its stake in shares of Dycom Industries by 1.9% in the fourth quarter. CWM LLC now owns 1,956 shares of the construction company’s stock valued at $661,000 after acquiring an additional 36 shares in the last quarter. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DY. Cantor Fitzgerald lifted 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. KeyCorp upped their price target on Dycom Industries from $482.00 to $610.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Zacks Research raised Dycom Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Guggenheim lifted their price objective on Dycom Industries from $575.00 to $620.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Finally, Wedbush set a $654.00 price objective on Dycom Industries in a research report on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $554.92.

Dycom Industries Price Performance

Shares of DY opened at $407.00 on Monday. Dycom Industries, Inc. has a twelve month low of $233.00 and a twelve month high of $566.47. The firm’s fifty day simple moving average is $453.22 and its 200-day simple moving average is $406.58. The firm has a market capitalization of $12.22 billion, a price-to-earnings ratio of 38.72, a PEG ratio of 0.72 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.

Dycom Industries (NYSE:DY) last released its quarterly earnings data on Wednesday, May 27th. The construction company reported $4.42 earnings per share (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 analysts’ expectations of $1.67 billion. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The company’s revenue for the quarter was up 56.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.09 EPS. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. Equities analysts forecast that Dycom Industries, Inc. will post 15.42 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.