Dycom Industries, Inc. $DY Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its position in shares of Dycom Industries, Inc. (NYSE:DY) by 265,593,055.6% in the 4th quarter, HoldingsChannel reports. The fund owned 23,903,384 shares of the construction company’s stock after buying an additional 23,903,375 shares during the period. Dycom Industries makes up about 3.9% of Northwestern Mutual Wealth Management Co.’s holdings, making the stock its 6th biggest holding. Northwestern Mutual Wealth Management Co. owned approximately 0.83% of Dycom Industries worth $8,076,953,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. First Bank & Trust grew its holdings in shares of Dycom Industries by 1.6% in the fourth quarter. First Bank & Trust now owns 2,106 shares of the construction company’s stock valued at $712,000 after acquiring an additional 33 shares in the last quarter. CWM LLC lifted its holdings in Dycom Industries by 1.9% during the fourth quarter. CWM LLC now owns 1,956 shares of the construction company’s stock valued at $661,000 after purchasing an additional 36 shares during the last quarter. Optiver Holding B.V. lifted its stake in shares of Dycom Industries by 57.1% during the 3rd quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock valued at $32,000 after buying an additional 40 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Dycom Industries by 57.3% in the third quarter. UMB Bank n.a. now owns 129 shares of the construction company’s stock worth $38,000 after acquiring an additional 47 shares during the period. Finally, Archer Investment Corp grew its holdings in Dycom Industries by 7.1% during the 3rd quarter. Archer Investment Corp now owns 739 shares of the construction company’s stock valued at $216,000 after buying an additional 49 shares in the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries Stock Down 3.0%

Shares of 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 PEG ratio of 1.04 and a beta of 1.46. The company has a current ratio of 2.74, a quick ratio of 2.61 and a debt-to-equity ratio of 1.51. The company has a 50-day moving average price of $384.37 and a 200 day moving average price of $365.34. Dycom Industries, Inc. has a 12 month low of $190.00 and a 12 month high of $464.82.

Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Wednesday, March 4th. The construction company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.12. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.34 billion. Dycom Industries had a net margin of 5.07% and a return on equity of 21.77%. The firm’s revenue for the quarter was up 34.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.17 EPS. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. As a group, equities research analysts predict that Dycom Industries, Inc. will post 12.88 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Guggenheim assumed coverage on Dycom Industries in a research report on Thursday, January 22nd. They set a “buy” rating and a $510.00 price target for the company. Weiss Ratings downgraded shares of Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday. Cantor Fitzgerald restated an “overweight” rating and issued a $436.00 price objective on shares of Dycom Industries in a report on Friday, March 27th. Bank of America lifted their target price on shares of Dycom Industries from $365.00 to $475.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. increased their target price on Dycom Industries from $395.00 to $415.00 and gave the company an “overweight” rating in a research note on Thursday, March 5th. One equities research 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’s stock. Based on data from MarketBeat.com, Dycom Industries currently has an average rating of “Buy” and an average target price of $431.64.

Dycom Industries 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.