Callahan Advisors LLC Cuts Stock Holdings in Dycom Industries, Inc. $DY

Callahan Advisors LLC trimmed its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 7.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,009 shares of the construction company’s stock after selling 2,562 shares during the period. Callahan Advisors LLC owned 0.10% of Dycom Industries worth $10,140,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Nordea Investment Management AB grew its stake in shares of Dycom Industries by 5,603.6% in the 4th 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 in the last quarter. Wilson Asset Management International PTY Ltd. purchased a new position in shares of Dycom Industries in the 4th quarter worth $1,014,000. American Century Companies Inc. grew its stake in shares of Dycom Industries by 58.4% in the 3rd quarter. American Century Companies Inc. now owns 97,801 shares of the construction company’s stock worth $28,534,000 after buying an additional 36,074 shares in the last quarter. New York Life Investment Management LLC purchased a new position in shares of Dycom Industries in the 3rd quarter worth $830,000. Finally, 12th Street Asset Management Company LLC grew its stake in shares of Dycom Industries by 48.9% in the 3rd quarter. 12th Street Asset Management Company LLC now owns 67,238 shares of the construction company’s stock worth $19,617,000 after buying an additional 22,077 shares in the last quarter. 98.33% of the stock is owned by hedge funds and other institutional investors.

Dycom Industries Trading Down 0.2%

Shares of DY opened at $412.72 on Thursday. Dycom Industries, Inc. has a 1-year low of $212.26 and a 1-year high of $464.82. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.74 and a quick ratio of 2.61. The firm has a market capitalization of $12.39 billion, a price-to-earnings ratio of 42.99, a PEG ratio of 0.95 and a beta of 1.46. The company has a 50-day moving average of $387.53 and a 200 day moving average of $368.63.

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Dycom Industries from $395.00 to $415.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. KeyCorp lifted their price objective on shares of Dycom Industries from $426.00 to $482.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. Bank of America lifted their price objective on shares of Dycom Industries from $365.00 to $475.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Weiss Ratings cut shares of Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $436.00 price objective on shares of Dycom Industries in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $431.64.

About Dycom Industries

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.