Dycom Industries, Inc. $DY Shares Acquired by UBS Group AG

Key Points

• UBS Group AG boosted its stake in Dycom by 19.7% in Q4 to 173,432 shares (about 0.60% ownership), valued at roughly $58.6 million.
• Analysts hold a consensus Buy rating with an average price target of $431.64, and several firms have set higher targets (Guggenheim $510, B. Riley $485, UBS $475).
• Dycom reported a quarter-beating performance—EPS $2.03 vs. $1.91 and revenue $1.46B vs. $1.34B (revenue +34.4% YoY)—and the stock was trading near a 12‑month high (~$457), up 6.4%.

UBS Group AG boosted its position in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) by 19.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 173,432 shares of the construction company's stock after purchasing an additional 28,551 shares during the period. UBS Group AG owned approximately 0.60% of Dycom Industries worth $58,603,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky grew its holdings in Dycom Industries by 8.1% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 8,901 shares of the construction company's stock worth $3,007,000 after acquiring an additional 670 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new position in Dycom Industries during the 4th quarter worth $366,000. Directional Asset Management acquired a new position in Dycom Industries during the 4th quarter worth $574,000. Teacher Retirement System of Texas grew its holdings in Dycom Industries by 32.0% during the 4th quarter. Teacher Retirement System of Texas now owns 12,255 shares of the construction company's stock worth $4,141,000 after acquiring an additional 2,973 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC acquired a new position in Dycom Industries during the 4th quarter worth $299,000. 98.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DY has been the subject of several recent analyst reports. Guggenheim initiated coverage on shares of Dycom Industries in a report on Thursday, January 22nd. They set a "buy" rating and a $510.00 price objective for the company. B. Riley Financial raised their price objective on shares of Dycom Industries from $420.00 to $485.00 and gave the stock a "buy" rating in a report on Thursday, March 5th. Zacks Research raised shares of Dycom Industries from a "strong sell" rating to a "hold" rating in a report on Monday, April 6th. KeyCorp raised their price objective on shares of Dycom Industries from $426.00 to $482.00 and gave the stock an "overweight" rating in a report on Thursday, March 5th. Finally, UBS Group set a $475.00 price objective on shares of Dycom Industries and gave the stock a "buy" rating in a report on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $431.64.

Dycom Industries Trading Up 6.4%

NYSE:DY opened at $456.95 on Wednesday. Dycom Industries, Inc. has a 12-month low of $181.17 and a 12-month high of $463.96. The firm has a market capitalization of $13.72 billion, a P/E ratio of 47.60, a P/E/G ratio of 0.99 and a beta of 1.46. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.74 and a quick ratio of 2.61. The business has a 50 day simple moving average of $380.72 and a 200 day simple moving average of $357.52.

Dycom Industries (NYSE:DY - Get Free Report) last released its quarterly earnings data on Wednesday, March 4th. The construction company reported $2.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.91 by $0.12. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.34 billion. Dycom Industries had a return on equity of 21.77% and a net margin of 5.07%.The business's revenue for the quarter was up 34.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.17 EPS. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. Equities research analysts predict that Dycom Industries, Inc. will post 12.88 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.

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