William Blair Investment Management LLC Invests $23.90 Million in Dycom Industries, Inc. $DY

William Blair Investment Management LLC purchased a new position in shares of Dycom Industries, Inc. (NYSE:DY) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 47,269 shares of the construction company’s stock, valued at approximately $23,899,000. William Blair Investment Management LLC owned about 0.16% of Dycom Industries at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Wilson Asset Management International PTY Ltd. bought a new position in shares of Dycom Industries in the 4th quarter worth $1,014,000. Norges Bank bought a new stake in Dycom Industries in the fourth quarter valued at about $19,335,000. Horizon Investments LLC lifted its stake in Dycom Industries by 43.0% in the fourth quarter. Horizon Investments LLC now owns 16,907 shares of the construction company’s stock valued at $5,713,000 after buying an additional 5,086 shares during the period. Royal Bank of Canada boosted its holdings in Dycom Industries by 50.1% during the first quarter. Royal Bank of Canada now owns 22,327 shares of the construction company’s stock worth $7,566,000 after buying an additional 7,452 shares during the last quarter. Finally, Hillsdale Investment Management Inc. boosted its holdings in Dycom Industries by 82,666.7% during the fourth quarter. Hillsdale Investment Management Inc. now owns 24,830 shares of the construction company’s stock worth $8,390,000 after buying an additional 24,800 shares during the last quarter. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. KeyCorp increased their price target on shares of Dycom Industries from $482.00 to $610.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Cantor Fitzgerald lifted their price target on shares of Dycom Industries from $436.00 to $654.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Wells Fargo & Company upped 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. Wall Street Zen downgraded Dycom Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Finally, Wedbush set a $654.00 target price on Dycom Industries in a report on Friday, May 29th. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Dycom Industries presently has a consensus rating of “Moderate Buy” and an average target price of $578.09.

Dycom Industries Stock Performance

Shares of DY stock opened at $393.24 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.46 and a current ratio of 2.58. The company has a market capitalization of $11.81 billion, a P/E ratio of 37.42, a price-to-earnings-growth ratio of 0.69 and a beta of 1.54. The company’s 50 day moving average price is $431.31 and its two-hundred day moving average price is $415.56. Dycom Industries, Inc. has a 52 week low of $242.55 and a 52 week 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 the consensus estimate of $2.73 by $1.69. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the prior year, the company earned $2.09 earnings per share. The business’s quarterly 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. On average, analysts expect that Dycom Industries, Inc. will post 15.45 earnings per share for the current fiscal 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.