Dycom Industries, Inc. $DY Shares Bought by Castleark Management LLC

Castleark Management LLC lifted its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 27.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,166 shares of the construction company’s stock after acquiring an additional 8,140 shares during the quarter. Castleark Management LLC’s holdings in Dycom Industries were worth $12,896,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in DY. Jones Financial Companies Lllp increased its stake in shares of Dycom Industries by 4,626.1% during the first quarter. Jones Financial Companies Lllp now owns 2,174 shares of the construction company’s stock valued at $331,000 after acquiring an additional 2,128 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Dycom Industries by 7.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 69,726 shares of the construction company’s stock worth $10,622,000 after buying an additional 4,985 shares during the last quarter. Invesco Ltd. grew its position in Dycom Industries by 7.0% in the second quarter. Invesco Ltd. now owns 227,127 shares of the construction company’s stock worth $55,508,000 after buying an additional 14,891 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Dycom Industries by 73.1% in the second quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock worth $39,000 after buying an additional 68 shares during the last quarter. Finally, Cerity Partners LLC grew its position in Dycom Industries by 8.9% in the second quarter. Cerity Partners LLC now owns 2,239 shares of the construction company’s stock worth $547,000 after buying an additional 183 shares during the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Dycom Industries from $415.00 to $650.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Guggenheim lifted their price target on shares of Dycom Industries from $575.00 to $620.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Weiss Ratings upgraded shares of Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. UBS Group restated a “buy” rating and issued a $611.00 price target on shares of Dycom Industries in a research report on Friday, May 29th. Finally, Wedbush set a $654.00 price target on shares of Dycom Industries in a research report on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. According to MarketBeat.com, Dycom Industries presently has an average rating of “Buy” and an average target price of $554.92.

Dycom Industries Trading Up 1.1%

Dycom Industries stock opened at $469.52 on Friday. The company has a 50 day moving average price of $427.64 and a 200 day moving average price of $388.51. Dycom Industries, Inc. has a 52 week low of $229.97 and a 52 week 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 $14.10 billion, a price-to-earnings ratio of 44.67, a P/E/G ratio of 0.87 and a beta of 1.49.

Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Wednesday, May 27th. The construction company reported $4.42 EPS for the quarter, topping 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 firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter last year, the business posted $2.09 EPS. The company’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. Research analysts forecast that Dycom Industries, Inc. will post 14.54 EPS 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.