BNP Paribas Financial Markets Purchases 23,007 Shares of Dycom Industries, Inc. $DY

BNP Paribas Financial Markets lifted its position in shares of Dycom Industries, Inc. (NYSE:DY) by 315.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 30,289 shares of the construction company’s stock after buying an additional 23,007 shares during the quarter. BNP Paribas Financial Markets’ holdings in Dycom Industries were worth $10,235,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. increased its stake in Dycom Industries by 265,593,055.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 23,903,384 shares of the construction company’s stock worth $8,076,953,000 after acquiring an additional 23,903,375 shares during the period. Peconic Partners LLC increased its stake in Dycom Industries by 2.8% during 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 period. Millennium Management LLC increased its stake in Dycom Industries by 21.0% during 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 period. Geode Capital Management LLC increased its stake in 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 acquiring an additional 53,993 shares during the period. Finally, First Trust Advisors LP increased its stake in Dycom Industries by 6.8% during the 3rd quarter. First Trust Advisors LP now owns 604,865 shares of the construction company’s stock worth $176,475,000 after acquiring an additional 38,472 shares during the period. Institutional investors own 98.33% of the company’s stock.

Analysts Set New Price Targets

DY has been the topic of a number of recent research reports. Guggenheim raised their price objective on Dycom Industries from $575.00 to $620.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Weiss Ratings upgraded Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 29th. Wedbush set a $654.00 price objective on Dycom Industries in a research note on Friday, May 29th. KeyCorp raised their price objective on Dycom Industries from $482.00 to $610.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Finally, Zacks Research upgraded Dycom Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $554.92.

Dycom Industries Trading Down 1.6%

Shares of DY opened at $458.95 on Tuesday. Dycom Industries, Inc. has a 52-week low of $229.97 and a 52-week high of $566.47. The business’s fifty day moving average is $418.00 and its 200-day moving average is $385.19. 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 firm has a market cap of $13.78 billion, a price-to-earnings ratio of 43.67, a PEG ratio of 0.99 and a beta of 1.49.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.73 by $1.69. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter last year, the company posted $2.09 EPS. The company’s revenue for the quarter was up 56.1% compared to the same quarter last year. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. Equities analysts anticipate 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.