Dana Investment Advisors Inc. Has $14.84 Million Stock Position in Dycom Industries, Inc. $DY

Dana Investment Advisors Inc. reduced its stake in Dycom Industries, Inc. (NYSE:DY) by 11.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,922 shares of the construction company’s stock after selling 5,653 shares during the quarter. Dana Investment Advisors Inc. owned about 0.15% of Dycom Industries worth $14,841,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Nordea Investment Management AB lifted its stake in Dycom Industries by 5,603.6% in the fourth 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 during the period. American Century Companies Inc. lifted its stake in Dycom Industries by 58.4% in the third quarter. American Century Companies Inc. now owns 97,801 shares of the construction company’s stock valued at $28,534,000 after buying an additional 36,074 shares during the period. New York Life Investment Management LLC acquired a new position in Dycom Industries in the third quarter valued at approximately $830,000. Wilson Asset Management International PTY Ltd. acquired a new position in Dycom Industries in the fourth quarter valued at approximately $1,014,000. Finally, 12th Street Asset Management Company LLC lifted its stake in Dycom Industries by 48.9% in the third quarter. 12th Street Asset Management Company LLC now owns 67,238 shares of the construction company’s stock valued at $19,617,000 after buying an additional 22,077 shares during the period. 98.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on DY shares. Bank of America boosted their price target on Dycom Industries from $365.00 to $475.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. JPMorgan Chase & Co. boosted their price target on Dycom Industries from $395.00 to $415.00 and gave the company an “overweight” rating in a research note on Thursday, March 5th. Guggenheim started coverage on Dycom Industries in a research note on Thursday, January 22nd. They issued a “buy” rating and a $510.00 price target on the stock. Wall Street Zen lowered Dycom Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th. Finally, B. Riley Financial boosted their price target on Dycom Industries from $420.00 to $485.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Dycom Industries currently has a consensus rating of “Buy” and a consensus target price of $431.64.

Dycom Industries Trading Down 3.0%

NYSE DY opened at $437.25 on Friday. The company has a market cap of $13.13 billion, a price-to-earnings ratio of 45.55, a P/E/G ratio of 1.04 and a beta of 1.46. Dycom Industries, Inc. has a 52 week low of $190.00 and a 52 week high of $464.82. The business has a 50 day moving average price of $384.37 and a 200-day moving average price of $365.34. 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 (NYSE:DY) last released its quarterly earnings data on Wednesday, March 4th. The construction company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.91 by $0.12. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.34 billion. Dycom Industries had a return on equity of 21.77% and a net margin of 5.07%.The company’s quarterly revenue was up 34.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.17 earnings per share. 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 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.