Directional Asset Management Makes New $574,000 Investment in Dycom Industries, Inc. $DY

Directional Asset Management bought a new position in Dycom Industries, Inc. (NYSE:DY) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 1,700 shares of the construction company’s stock, valued at approximately $574,000.

Other institutional investors have also added to or reduced their stakes in the company. Nordea Investment Management AB increased its position 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 valued at $139,057,000 after purchasing an additional 398,469 shares during the last quarter. American Century Companies Inc. increased its position in shares of Dycom Industries by 58.4% during the 3rd quarter. American Century Companies Inc. now owns 97,801 shares of the construction company’s stock valued at $28,534,000 after purchasing an additional 36,074 shares during the last quarter. 12th Street Asset Management Company LLC increased its position in shares of Dycom Industries by 48.9% during the 3rd quarter. 12th Street Asset Management Company LLC now owns 67,238 shares of the construction company’s stock valued at $19,617,000 after purchasing an additional 22,077 shares during the last quarter. New York Life Investment Management LLC bought a new position in shares of Dycom Industries during the 3rd quarter valued at about $830,000. Finally, Aventail Capital Group LP bought a new position in shares of Dycom Industries during the 3rd quarter valued at about $5,285,000. 98.33% of the stock is currently owned by institutional investors.

Dycom Industries Price Performance

DY opened at $414.65 on Friday. The stock’s 50 day simple moving average is $381.66 and its 200 day simple moving average is $351.40. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.74 and a quick ratio of 2.61. Dycom Industries, Inc. has a 1 year low of $157.98 and a 1 year high of $445.52. The firm has a market cap of $12.45 billion, a price-to-earnings ratio of 43.19, a PEG ratio of 0.94 and a beta of 1.38.

Dycom Industries (NYSE:DY) last posted its quarterly earnings results on Wednesday, March 4th. The construction company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.12. Dycom Industries had a return on equity of 21.77% and a net margin of 5.07%.The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the company earned $1.17 EPS. Dycom Industries’s revenue for the quarter 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. As a group, analysts predict that Dycom Industries, Inc. will post 12.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DY has been the topic of several recent research reports. B. Riley Financial increased their price objective on Dycom Industries from $420.00 to $485.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. UBS Group set a $475.00 price objective on Dycom Industries and gave the company a “buy” rating in a research report on Friday, March 6th. JPMorgan Chase & Co. increased their price objective on Dycom Industries from $395.00 to $415.00 and gave the company an “overweight” rating in a research report on Thursday, March 5th. Zacks Research upgraded Dycom Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Guggenheim initiated coverage on Dycom Industries in a research report on Thursday, January 22nd. They set a “buy” rating and a $510.00 price objective on the stock. One investment 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 MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $431.64.

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.