10,662 Shares in Dycom Industries, Inc. $DY Purchased by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC bought a new stake in Dycom Industries, Inc. (NYSE:DY) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 10,662 shares of the construction company’s stock, valued at approximately $5,391,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Dycom Industries by 265,593,055.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 23,903,384 shares of the construction company’s stock worth $8,076,953,000 after purchasing an additional 23,903,375 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Dycom Industries in the second quarter valued at approximately $90,216,000. First Trust Advisors LP raised 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 valued at $270,615,000 after buying an additional 173,528 shares during the last quarter. Alyeska Investment Group L.P. purchased a new position in shares of Dycom Industries during the third quarter valued at approximately $44,553,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Dycom Industries by 24.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 558,519 shares of the construction company’s stock valued at $188,725,000 after buying an additional 110,065 shares during the period. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

Dycom Industries Trading Up 3.4%

Shares of DY opened at $433.33 on Tuesday. The company has a current ratio of 2.58, a quick ratio of 2.46 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $13.01 billion, a P/E ratio of 41.23, a price-to-earnings-growth ratio of 0.74 and a beta of 1.54. The stock’s fifty day simple moving average is $435.78 and its 200 day simple moving average is $414.88. Dycom Industries, Inc. has a twelve month low of $233.00 and a twelve month high of $566.47.

Dycom Industries (NYSE:DY) last issued its 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 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 last year, the firm earned $2.09 earnings per share. The firm’s revenue for the quarter 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, equities research analysts forecast that Dycom Industries, Inc. will post 15.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on DY shares. B. Riley Financial lifted their target price on shares of Dycom Industries from $485.00 to $625.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Wells Fargo & Company increased their price target on Dycom Industries from $500.00 to $650.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Weiss Ratings upgraded Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday. JPMorgan Chase & Co. lifted their price objective on Dycom Industries from $415.00 to $650.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Finally, Wall Street Zen downgraded Dycom Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 25th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $554.92.

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.