Geode Capital Management LLC Boosts Position in Dycom Industries, Inc. $DY

Geode Capital Management LLC boosted its stake in Dycom Industries, Inc. (NYSE:DY) by 8.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 727,238 shares of the construction company’s stock after buying an additional 53,993 shares during the period. Geode Capital Management LLC owned approximately 2.51% of Dycom Industries worth $245,771,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DY. Optiver Holding B.V. raised its holdings in Dycom Industries by 57.1% in the 3rd quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock valued at $32,000 after buying an additional 40 shares during the period. Sound Income Strategies LLC purchased a new stake in Dycom Industries in the 4th quarter valued at about $32,000. CI Investments Inc. raised its holdings in Dycom Industries by 259.4% in the 3rd quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock valued at $34,000 after buying an additional 83 shares during the period. UMB Bank n.a. raised its holdings in Dycom Industries by 57.3% in the 3rd quarter. UMB Bank n.a. now owns 129 shares of the construction company’s stock valued at $38,000 after buying an additional 47 shares during the period. Finally, Legacy Wealth Managment LLC ID purchased a new stake in Dycom Industries in the 4th quarter valued at about $39,000. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Cantor Fitzgerald boosted their price objective on shares of Dycom Industries from $436.00 to $654.00 and gave the company an “overweight” rating in a report on Friday. JPMorgan Chase & Co. boosted their price objective on shares of Dycom Industries from $415.00 to $650.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. Wells Fargo & Company boosted their price objective on shares of Dycom Industries from $500.00 to $650.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. Bank of America boosted their price objective on shares of Dycom Industries from $365.00 to $475.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. Finally, KeyCorp boosted their price objective on shares of Dycom Industries from $482.00 to $610.00 and gave the company an “overweight” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $554.92.

Dycom Industries Stock Performance

Shares of Dycom Industries stock opened at $484.59 on Wednesday. Dycom Industries, Inc. has a one year low of $229.40 and a one year high of $566.47. The company has a market cap of $14.55 billion, a PE ratio of 46.11, a P/E/G ratio of 1.04 and a beta of 1.49. 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 business has a 50-day simple moving average of $404.83 and a 200-day simple moving average of $378.68.

Dycom Industries (NYSE:DY) last announced its quarterly earnings data 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 the consensus estimate of $1.67 billion. During the same period in the previous year, the company posted $2.09 earnings per share. The business’s revenue for the quarter was up 56.1% on a year-over-year basis. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. On average, equities research analysts forecast that Dycom Industries, Inc. will post 12.89 EPS 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.