Securian Asset Management Inc. Takes Position in Dycom Industries, Inc. $DY

Securian Asset Management Inc. acquired a new stake in shares of Dycom Industries, Inc. (NYSE:DY) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 2,110 shares of the construction company’s stock, valued at approximately $713,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. First Bank & Trust raised its position in shares of Dycom Industries by 1.6% during the 4th quarter. First Bank & Trust now owns 2,106 shares of the construction company’s stock valued at $712,000 after buying an additional 33 shares in the last quarter. CWM LLC raised its position in shares of Dycom Industries by 1.9% during the 4th quarter. CWM LLC now owns 1,956 shares of the construction company’s stock valued at $661,000 after buying an additional 36 shares in the last quarter. Optiver Holding B.V. raised its position in shares of Dycom Industries by 57.1% during 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 in the last quarter. UMB Bank n.a. raised its position in shares of Dycom Industries by 57.3% during 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 in the last quarter. Finally, Archer Investment Corp raised its position in Dycom Industries by 7.1% in the 3rd quarter. Archer Investment Corp now owns 739 shares of the construction company’s stock worth $216,000 after purchasing an additional 49 shares during the period. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on DY. KeyCorp lifted their price target on Dycom Industries from $426.00 to $482.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. Bank of America raised their price target on shares of Dycom Industries from $365.00 to $475.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. Wall Street Zen lowered shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 7th. Cantor Fitzgerald reissued an “overweight” rating and issued a $436.00 price target on shares of Dycom Industries in a report on Friday, March 27th. Finally, B. Riley Financial raised their price target on shares of Dycom Industries from $420.00 to $485.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Dycom Industries currently has an average rating of “Buy” and a consensus target price of $431.64.

Dycom Industries Price Performance

Shares of Dycom Industries stock opened at $450.74 on Friday. The company’s fifty day simple moving average is $383.39 and its two-hundred day simple moving average is $364.83. The firm has a market cap of $13.53 billion, a PE ratio of 46.95, a price-to-earnings-growth ratio of 1.02 and a beta of 1.46. The company has a quick ratio of 2.61, a current ratio of 2.74 and a debt-to-equity ratio of 1.51. Dycom Industries, Inc. has a 12-month low of $186.42 and a 12-month high of $464.82.

Dycom Industries (NYSE:DY) last announced its earnings results on Wednesday, March 4th. The construction company reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.12. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.34 billion. Dycom Industries had a net margin of 5.07% and a return on equity of 21.77%. The company’s revenue for the quarter was up 34.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.17 EPS. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. As a group, equities analysts expect that Dycom Industries, Inc. will post 12.88 EPS for the current year.

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.