Rokos Capital Management LLP Makes New $12.89 Million Investment in Dycom Industries, Inc. $DY

Rokos Capital Management LLP bought a new stake in Dycom Industries, Inc. (NYSE:DY) in the first quarter, HoldingsChannel reports. The fund bought 38,032 shares of the construction company’s stock, valued at approximately $12,892,000.

Several other large investors also recently modified their holdings of DY. Kemnay Advisory Services Inc. acquired a new stake in shares of Dycom Industries during the fourth quarter worth about $30,000. Sound Income Strategies LLC acquired a new position in shares of Dycom Industries in the 4th quarter valued at approximately $32,000. Acumen Wealth Advisors LLC acquired a new position in shares of Dycom Industries in the 4th quarter valued at approximately $35,000. Legacy Wealth Managment LLC ID bought a new stake in Dycom Industries during the 4th quarter worth approximately $39,000. Finally, EverSource Wealth Advisors LLC increased its stake in Dycom Industries by 73.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock worth $39,000 after purchasing an additional 68 shares in the last quarter. 98.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DY. JPMorgan Chase & Co. raised their target price on shares of Dycom Industries from $415.00 to $650.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Wells Fargo & Company increased their price objective on shares of Dycom Industries from $500.00 to $650.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Wedbush set a $654.00 price objective on shares of Dycom Industries in a research report on Friday, May 29th. UBS Group restated a “buy” rating on shares of Dycom Industries in a report on Friday. Finally, Guggenheim upped their target price on shares of Dycom Industries from $575.00 to $620.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $554.92.

Dycom Industries Stock Down 1.3%

Shares of Dycom Industries stock opened at $424.11 on Tuesday. The business’s 50 day simple moving average is $452.22 and its 200 day simple moving average is $410.08. Dycom Industries, Inc. has a 52-week low of $233.00 and a 52-week high of $566.47. The firm has a market cap of $12.74 billion, a PE ratio of 40.35, a P/E/G ratio of 0.76 and a beta of 1.50. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.46 and a current ratio of 2.58.

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