Quantum Portfolio Management LLC Makes New $424,000 Investment in Dycom Industries, Inc. $DY

Quantum Portfolio Management LLC purchased a new position in Dycom Industries, Inc. (NYSE:DY) in the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 1,252 shares of the construction company’s stock, valued at approximately $424,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its holdings in Dycom Industries by 265,593,055.6% during the fourth 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 in the last quarter. Nordea Investment Management AB boosted its stake in 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 in the last quarter. Millennium Management LLC increased its position in shares of Dycom Industries by 21.0% during the 3rd quarter. Millennium Management LLC now owns 1,324,938 shares of the construction company’s stock valued at $386,564,000 after purchasing an additional 229,579 shares during the period. Alyeska Investment Group L.P. acquired a new position in shares of Dycom Industries during the 3rd quarter valued at $44,553,000. Finally, Cartenna Capital LP bought a new stake in shares of Dycom Industries in the 3rd quarter worth $40,846,000. 98.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on DY shares. KeyCorp raised their target price on Dycom Industries from $482.00 to $610.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Weiss Ratings upgraded shares of Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. Wedbush set a $654.00 price target on shares of Dycom Industries in a report on Friday, May 29th. Wells Fargo & Company raised their price objective on shares of Dycom Industries from $500.00 to $650.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Finally, UBS Group reaffirmed a “buy” rating and issued a $611.00 price objective on shares of Dycom Industries in a research note on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company’s stock. According to data from MarketBeat, Dycom Industries has an average rating of “Buy” and an average target price of $554.92.

Dycom Industries Stock Down 0.0%

Shares of Dycom Industries stock opened at $426.70 on Friday. The stock’s fifty day moving average is $454.63 and its 200-day moving average is $403.63. The firm has a market capitalization of $12.81 billion, a PE ratio of 40.60, a price-to-earnings-growth ratio of 0.75 and a beta of 1.50. The company has a quick ratio of 2.46, a current ratio of 2.58 and a debt-to-equity ratio of 1.48. Dycom Industries, Inc. has a 12-month low of $233.00 and a 12-month high of $566.47.

Dycom Industries (NYSE:DY) last released its quarterly earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share for the quarter, beating analysts’ consensus estimates of $2.73 by $1.69. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.67 billion. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.Dycom Industries’s revenue for the quarter was up 56.1% on a year-over-year basis. During the same quarter last year, the company posted $2.09 EPS. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. Equities analysts anticipate that Dycom Industries, Inc. will post 15.42 earnings per share for the current year.

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.