William Blair Investment Management LLC Sells 5,492 Shares of Dycom Industries, Inc. $DY

William Blair Investment Management LLC reduced its stake in Dycom Industries, Inc. (NYSE:DY) by 6.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 78,939 shares of the construction company’s stock after selling 5,492 shares during the quarter. William Blair Investment Management LLC’s holdings in Dycom Industries were worth $26,673,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Sound Income Strategies LLC bought a new stake in shares of Dycom Industries in the 4th quarter worth approximately $32,000. Root Financial Partners LLC bought a new stake in shares of Dycom Industries in the 3rd quarter worth approximately $26,000. Optiver Holding B.V. boosted its position in shares of Dycom Industries by 57.1% in the 3rd quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock worth $32,000 after purchasing an additional 40 shares in the last quarter. CI Investments Inc. lifted its position in Dycom Industries by 259.4% in the 3rd quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock valued at $34,000 after acquiring an additional 83 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID bought a new position in Dycom Industries in the 4th quarter valued at approximately $39,000. 98.33% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DY has been the topic of several analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $436.00 price objective on shares of Dycom Industries in a research report on Friday, March 27th. Weiss Ratings cut Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Wall Street Zen cut Dycom Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 7th. B. Riley Financial upped their price objective on Dycom Industries from $420.00 to $485.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Finally, KeyCorp upped their price objective on Dycom Industries from $426.00 to $482.00 and gave the company an “overweight” rating in a research report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $431.64.

Dycom Industries Stock Performance

DY stock opened at $412.73 on Tuesday. The stock has a market capitalization of $12.39 billion, a PE ratio of 42.99, a price-to-earnings-growth ratio of 0.94 and a beta of 1.46. Dycom Industries, Inc. has a 12-month low of $220.60 and a 12-month high of $464.82. 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 stock’s 50 day simple moving average is $390.59 and its 200 day simple moving average is $371.33.

Dycom Industries (NYSE:DY) last released its quarterly earnings data on Wednesday, March 4th. The construction company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.12. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Dycom Industries had a return on equity of 21.77% and a net margin of 5.07%.The firm’s quarterly revenue was up 34.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.17 EPS. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. As a group, research analysts forecast that Dycom Industries, Inc. will post 12.89 earnings per share for the current fiscal year.

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.