Mariner Investment Group LLC Acquires Shares of 3,000 Dycom Industries, Inc. $DY

Mariner Investment Group LLC bought a new position in Dycom Industries, Inc. (NYSE:DY) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 3,000 shares of the construction company’s stock, valued at approximately $1,014,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp grew its holdings in shares of Dycom Industries by 4,626.1% during the first quarter. Jones Financial Companies Lllp now owns 2,174 shares of the construction company’s stock valued at $331,000 after buying an additional 2,128 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Dycom Industries by 7.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 69,726 shares of the construction company’s stock valued at $10,622,000 after acquiring an additional 4,985 shares in the last quarter. Invesco Ltd. lifted its position in Dycom Industries by 7.0% in the 2nd quarter. Invesco Ltd. now owns 227,127 shares of the construction company’s stock valued at $55,508,000 after acquiring an additional 14,891 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Dycom Industries by 73.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock valued at $39,000 after acquiring an additional 68 shares in the last quarter. Finally, Cerity Partners LLC increased its holdings in shares of Dycom Industries by 8.9% in the 2nd quarter. Cerity Partners LLC now owns 2,239 shares of the construction company’s stock worth $547,000 after purchasing an additional 183 shares in the last quarter. Institutional investors own 98.33% of the company’s stock.

Dycom Industries Stock Down 1.1%

Dycom Industries stock opened at $456.23 on Friday. The stock has a market cap of $13.70 billion, a PE ratio of 43.41, a price-to-earnings-growth ratio of 0.86 and a beta of 1.49. 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 $230.00 and a one year high of $566.47. The stock has a fifty day moving average of $436.80 and a 200 day moving average of $391.92.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on DY shares. JPMorgan Chase & Co. increased their price objective on Dycom Industries from $415.00 to $650.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Cantor Fitzgerald upped their target price on shares of 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 raised shares of Dycom Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 6th. UBS Group reiterated a “buy” rating and issued a $611.00 price target on shares of Dycom Industries in a research note on Friday, May 29th. Finally, B. Riley Financial boosted their price objective on shares of Dycom Industries from $485.00 to $625.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. According to data from MarketBeat.com, Dycom Industries currently has a consensus rating of “Buy” and an average target price of $554.92.

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.