Dycom Industries, Inc. $DY Shares Sold by Aristotle Capital Boston LLC

Aristotle Capital Boston LLC lessened its stake in Dycom Industries, Inc. (NYSE:DY) by 18.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 122,569 shares of the construction company’s stock after selling 28,183 shares during the quarter. Dycom Industries comprises 2.3% of Aristotle Capital Boston LLC’s investment portfolio, making the stock its 4th biggest position. Aristotle Capital Boston LLC owned 0.42% of Dycom Industries worth $41,416,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Aventail Capital Group LP raised its stake in Dycom Industries by 41.4% in the fourth quarter. Aventail Capital Group LP now owns 25,614 shares of the construction company’s stock valued at $8,655,000 after purchasing an additional 7,499 shares in the last quarter. Boothbay Fund Management LLC raised its stake in Dycom Industries by 16.9% in the fourth quarter. Boothbay Fund Management LLC now owns 21,527 shares of the construction company’s stock valued at $7,274,000 after purchasing an additional 3,107 shares in the last quarter. Aristeia Capital L.L.C. acquired a new position in Dycom Industries in the fourth quarter valued at about $757,000. Guggenheim Capital LLC raised its stake in Dycom Industries by 145.7% in the fourth quarter. Guggenheim Capital LLC now owns 2,064 shares of the construction company’s stock valued at $697,000 after purchasing an additional 1,224 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new position in Dycom Industries during the fourth quarter worth about $1,773,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DY. Guggenheim boosted their target price on Dycom Industries from $575.00 to $620.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Zacks Research raised Dycom Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 8th. Wall Street Zen raised Dycom Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 6th. Weiss Ratings raised Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 29th. Finally, Wedbush set a $654.00 target price on Dycom Industries in a research note on Friday, May 29th. Two research analysts have rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $554.92.

Dycom Industries Stock Performance

Shares of DY stock opened at $461.87 on Thursday. The business’s 50 day simple moving average is $434.81 and its 200 day simple moving average is $391.28. Dycom Industries, Inc. has a one year low of $229.97 and a one year high of $566.47. The stock has a market capitalization of $13.87 billion, a PE ratio of 43.95, a PEG ratio of 0.88 and a beta of 1.49. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.58 and a quick ratio of 2.46.

Dycom Industries (NYSE:DY) last announced 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 business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the prior year, the business posted $2.09 earnings per share. The firm’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, research analysts forecast that Dycom Industries, Inc. will post 14.54 earnings per share for the current 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.