Handelsbanken Fonder AB Has $4.98 Million Stock Position in Dycom Industries, Inc. $DY

Handelsbanken Fonder AB lifted its holdings in shares of Dycom Industries, Inc. (NYSE:DY) by 22.4% during the second quarter, Holdings Channel.com reports. The firm owned 9,851 shares of the construction company’s stock after acquiring an additional 1,800 shares during the quarter. Handelsbanken Fonder AB’s holdings in Dycom Industries were worth $4,981,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fulton Bank N.A. raised its position in shares of Dycom Industries by 4.8% during the second quarter. Fulton Bank N.A. now owns 3,019 shares of the construction company’s stock worth $1,526,000 after acquiring an additional 138 shares during the last quarter. Contravisory Investment Management Inc. raised its holdings in Dycom Industries by 39,655.6% during the 2nd quarter. Contravisory Investment Management Inc. now owns 17,890 shares of the construction company’s stock worth $9,045,000 after purchasing an additional 17,845 shares during the last quarter. World Equity Group Inc. acquired a new position in shares of Dycom Industries in the 2nd quarter worth approximately $255,000. Quantum Financial Advisors LLC bought a new stake in shares of Dycom Industries in the 2nd quarter valued at $209,000. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Dycom Industries by 357.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,974 shares of the construction company’s stock valued at $1,504,000 after purchasing an additional 2,324 shares during the last quarter. 98.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Guggenheim boosted their target price on shares of Dycom Industries from $575.00 to $620.00 and gave the company a “buy” rating in a report on Thursday, May 28th. KeyCorp increased their price target on Dycom Industries from $482.00 to $610.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Wedbush set a $654.00 price objective on Dycom Industries in a research report on Friday, May 29th. Wall Street Zen downgraded Dycom Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Finally, Weiss Ratings raised Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $554.92.

Dycom Industries Price Performance

DY stock opened at $419.45 on Friday. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.58 and a quick ratio of 2.46. The company’s 50-day moving average is $436.29 and its 200-day moving average is $414.17. The stock has a market capitalization of $12.60 billion, a PE ratio of 39.91, a price-to-earnings-growth ratio of 0.72 and a beta of 1.54. Dycom Industries, Inc. has a 1 year low of $233.00 and a 1 year high of $566.47.

Dycom Industries (NYSE:DY) last posted its quarterly earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share for the quarter, topping analysts’ consensus estimates of $2.73 by $1.69. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.67 billion. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.The firm’s revenue for the quarter was up 56.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.09 EPS. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. Equities research analysts expect that Dycom Industries, Inc. will post 15.45 EPS 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.