Jefferies Financial Group Inc. Acquires Shares of 20,240 Dycom Industries, Inc. $DY

Jefferies Financial Group Inc. bought a new position in shares of Dycom Industries, Inc. (NYSE:DY) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 20,240 shares of the construction company’s stock, valued at approximately $5,905,000.

Several other hedge funds have also added to or reduced their stakes in the company. Archer Investment Corp lifted its position in Dycom Industries by 6.2% during the 2nd quarter. Archer Investment Corp now owns 690 shares of the construction company’s stock valued at $169,000 after purchasing an additional 40 shares during the period. Optiver Holding B.V. grew its position 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 worth $32,000 after buying an additional 40 shares during the period. Quadrant Capital Group LLC grew its position in shares of Dycom Industries by 1.0% during the 2nd quarter. Quadrant Capital Group LLC now owns 4,492 shares of the construction company’s stock worth $1,098,000 after buying an additional 46 shares during the period. UMB Bank n.a. raised its stake in shares of Dycom Industries by 57.3% during the third quarter. UMB Bank n.a. now owns 129 shares of the construction company’s stock worth $38,000 after buying an additional 47 shares during the last quarter. Finally, Bessemer Group Inc. lifted its holdings in Dycom Industries by 48.5% in the third quarter. Bessemer Group Inc. now owns 150 shares of the construction company’s stock valued at $43,000 after buying an additional 49 shares during the period. Institutional investors own 98.33% of the company’s stock.

Analysts Set New Price Targets

DY has been the topic of a number of recent research reports. Wall Street Zen cut shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Vertical Research began coverage on Dycom Industries in a research note on Tuesday, December 23rd. They issued a “buy” rating and a $420.00 price target on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Dycom Industries in a research report on Wednesday, January 21st. KeyCorp lifted their price objective on Dycom Industries from $426.00 to $482.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. Finally, UBS Group set a $475.00 price objective on Dycom Industries and gave the company a “buy” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Dycom Industries presently has an average rating of “Moderate Buy” and an average price target of $431.20.

Insiders Place Their Bets

In other Dycom Industries news, Director Eitan Gertel sold 3,645 shares of Dycom Industries stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $345.62, for a total value of $1,259,784.90. Following the transaction, the director owned 15,997 shares of the company’s stock, valued at approximately $5,528,883.14. The trade was a 18.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 3.72% of the company’s stock.

Dycom Industries Stock Up 0.8%

NYSE:DY opened at $360.02 on Tuesday. Dycom Industries, Inc. has a 1 year low of $131.37 and a 1 year high of $445.52. The stock has a 50-day moving average price of $382.67 and a two-hundred day moving average price of $328.89. The stock has a market cap of $10.43 billion, a price-to-earnings ratio of 37.50, a PEG ratio of 1.22 and a beta of 1.34. The company has a current ratio of 2.74, a quick ratio of 2.61 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 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.12. Dycom Industries had a return on equity of 21.77% and a net margin of 5.07%.The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the business posted $1.17 EPS. Dycom Industries’s revenue for the quarter was up 34.4% on a year-over-year basis. 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 7.13 earnings per share for the current year.

About Dycom Industries

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.