Dycom Industries, Inc. $DY Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its position in Dycom Industries, Inc. (NYSE:DY) by 81.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,576 shares of the construction company’s stock after selling 11,148 shares during the period. SG Americas Securities LLC’s holdings in Dycom Industries were worth $873,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DY. Northwestern Mutual Wealth Management Co. grew its stake in Dycom Industries by 265,593,055.6% in 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. Nordea Investment Management AB lifted its stake in shares of Dycom Industries by 5,603.6% during the 4th quarter. Nordea Investment Management AB now owns 405,580 shares of the construction company’s stock worth $139,057,000 after purchasing an additional 398,469 shares during the period. Millennium Management LLC boosted its holdings in shares of Dycom Industries by 21.0% during the third quarter. Millennium Management LLC now owns 1,324,938 shares of the construction company’s stock worth $386,564,000 after purchasing an additional 229,579 shares during the last quarter. Alyeska Investment Group L.P. purchased a new stake in shares of Dycom Industries in the third quarter valued at $44,553,000. Finally, Cartenna Capital LP purchased a new stake in shares of Dycom Industries in the third quarter valued at $40,846,000. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Cantor Fitzgerald increased their target price on Dycom Industries from $436.00 to $654.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Wedbush set a $654.00 price objective on shares of Dycom Industries in a research note on Friday, May 29th. KeyCorp increased their price objective on shares of Dycom Industries from $482.00 to $610.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Wells Fargo & Company raised their target price on shares of Dycom Industries from $500.00 to $650.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Finally, Wall Street Zen upgraded shares of Dycom Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 6th. Two research analysts have rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $554.92.

Dycom Industries Trading Down 0.1%

Shares of DY opened at $437.24 on Monday. Dycom Industries, Inc. has a twelve month low of $233.00 and a twelve month high of $566.47. The firm has a market capitalization of $13.13 billion, a P/E ratio of 41.60, a price-to-earnings-growth ratio of 0.77 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. The stock’s fifty day simple moving average is $453.62 and its 200 day simple moving average is $401.35.

Dycom Industries (NYSE:DY) last posted its quarterly earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.73 by $1.69. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.67 billion. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.The firm’s quarterly revenue was up 56.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.09 earnings per share. 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 15.42 earnings per share for the current year.

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.