Dycom Industries, Inc. $DY Shares Bought by Castleark Management LLC

Castleark Management LLC raised its holdings in Dycom Industries, Inc. (NYSE:DY) by 27.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 38,166 shares of the construction company’s stock after acquiring an additional 8,140 shares during the period. Castleark Management LLC owned 0.13% of Dycom Industries worth $12,896,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of 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 buying an additional 23,903,375 shares during the last quarter. Peconic Partners LLC increased its holdings in Dycom Industries by 2.8% in the 2nd quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock valued at $933,038,000 after purchasing an additional 105,586 shares in the last quarter. Millennium Management LLC increased its holdings in Dycom Industries by 21.0% in the 3rd quarter. Millennium Management LLC now owns 1,324,938 shares of the construction company’s stock valued at $386,564,000 after purchasing an additional 229,579 shares in the last quarter. Geode Capital Management LLC increased its holdings in Dycom Industries by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 727,238 shares of the construction company’s stock valued at $245,771,000 after purchasing an additional 53,993 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in Dycom Industries by 6.8% in the 3rd quarter. First Trust Advisors LP now owns 604,865 shares of the construction company’s stock valued at $176,475,000 after purchasing an additional 38,472 shares in the last quarter. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Dycom Industries Stock Performance

Shares of DY stock opened at $469.52 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.46 and a current ratio of 2.58. Dycom Industries, Inc. has a one year low of $229.97 and a one year high of $566.47. The company’s 50-day simple moving average is $427.64 and its 200-day simple moving average is $388.51. The stock has a market capitalization of $14.10 billion, a price-to-earnings ratio of 44.67, a PEG ratio of 0.87 and a beta of 1.49.

Dycom Industries (NYSE:DY) last issued its earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.73 by $1.69. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter last year, the company posted $2.09 earnings per share. Dycom Industries’s revenue was up 56.1% on a year-over-year basis. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. Equities analysts anticipate that Dycom Industries, Inc. will post 14.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. KeyCorp raised their target price on Dycom Industries from $482.00 to $610.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Cantor Fitzgerald raised their target price on Dycom Industries from $436.00 to $654.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. Wall Street Zen upgraded Dycom Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 6th. UBS Group restated a “buy” rating and set a $611.00 target price on shares of Dycom Industries in a research note on Friday, May 29th. Finally, Wedbush set a $654.00 target price on Dycom Industries in a research note on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. Based on data from MarketBeat, Dycom Industries presently has a consensus rating of “Buy” and a consensus price target of $554.92.

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.