Great Lakes Advisors LLC Invests $4.32 Million in Dycom Industries, Inc. $DY

Great Lakes Advisors LLC bought a new stake in Dycom Industries, Inc. (NYSE:DY) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,543 shares of the construction company’s stock, valued at approximately $4,319,000.

Other large investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its holdings in Dycom Industries by 265,593,055.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 23,903,384 shares of the construction company’s stock valued at $8,076,953,000 after buying an additional 23,903,375 shares during the period. BlackRock Inc. purchased a new position in shares of Dycom Industries during the 2nd quarter worth about $1,513,523,000. Bank of New York Mellon Corp acquired a new stake in shares of Dycom Industries in the second quarter worth approximately $90,216,000. First Trust Advisors LP boosted its position in shares of Dycom Industries by 27.8% in the first quarter. First Trust Advisors LP now owns 798,699 shares of the construction company’s stock worth $270,615,000 after acquiring an additional 173,528 shares during the last quarter. Finally, Alyeska Investment Group L.P. purchased a new stake in Dycom Industries in the third quarter valued at approximately $44,553,000. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

Dycom Industries Stock Performance

Dycom Industries stock opened at $401.63 on Friday. The stock’s 50 day moving average price is $432.83 and its 200 day moving average price is $415.72. Dycom Industries, Inc. has a one year low of $242.55 and a one year high of $566.47. 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 firm has a market capitalization of $12.06 billion, a PE ratio of 38.21, a price-to-earnings-growth ratio of 0.71 and a beta of 1.54.

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 analysts’ consensus estimates of $2.73 by $1.69. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period last year, the business earned $2.09 EPS. The business’s revenue was up 56.1% on a year-over-year basis. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. As a group, sell-side analysts expect that Dycom Industries, Inc. will post 15.45 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Wall Street Zen lowered shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. KeyCorp lifted their target price on Dycom Industries from $482.00 to $610.00 and gave the company an “overweight” rating in a report on Monday, June 1st. B. Riley Financial boosted their price target on Dycom Industries from $485.00 to $625.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Zacks Research lowered Dycom Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Finally, UBS Group restated a “buy” rating on shares of Dycom Industries in a report on Friday, July 24th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Dycom Industries currently has an average rating of “Moderate Buy” and an average price target of $578.09.

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.