Virtu Financial LLC Acquires Shares of 7,797 Dycom Industries, Inc. $DY

Virtu Financial LLC bought a new stake in Dycom Industries, Inc. (NYSE:DY) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 7,797 shares of the construction company’s stock, valued at approximately $2,634,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Northwestern Mutual Wealth Management Co. raised its position 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 purchasing an additional 23,903,375 shares during the last quarter. Nordea Investment Management AB lifted its stake in Dycom Industries by 5,603.6% in the 4th quarter. Nordea Investment Management AB now owns 405,580 shares of the construction company’s stock valued at $139,057,000 after buying an additional 398,469 shares in the last quarter. Millennium Management LLC lifted its stake 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 buying an additional 229,579 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in Dycom Industries in the 3rd quarter worth about $44,553,000. Finally, Cartenna Capital LP acquired a new stake in Dycom Industries in the 3rd quarter worth about $40,846,000. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Dycom Industries Trading Down 0.1%

DY opened at $456.23 on Friday. The firm has a market capitalization of $13.70 billion, a price-to-earnings ratio of 43.41, a price-to-earnings-growth ratio of 0.85 and a beta of 1.49. The company’s 50 day simple moving average is $438.30 and its two-hundred day simple moving average is $392.37. Dycom Industries, Inc. has a 1-year low of $230.00 and a 1-year high of $566.47. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.58 and a quick ratio of 2.46.

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. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the business earned $2.09 earnings per share. The business’s revenue was up 56.1% compared to the same quarter last year. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. Analysts expect that Dycom Industries, Inc. will post 14.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DY has been the subject of a number of research analyst reports. B. Riley Financial increased their target price on Dycom Industries from $485.00 to $625.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Guggenheim lifted their price target on Dycom Industries from $575.00 to $620.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Bank of America lifted their price target on Dycom Industries from $365.00 to $475.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Wedbush set a $654.00 price target on Dycom Industries in a research report on Friday, May 29th. Finally, Wells Fargo & Company increased their price objective on Dycom Industries from $500.00 to $650.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target 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.