Horizon Investments LLC Boosts Holdings in Dycom Industries, Inc. $DY

Key Points

• Horizon Investments increased its stake in Dycom by 43.0% in Q4 to 16,907 shares (about $5.71M), and institutional investors now own roughly 98.33% of the stock.
• Sell‑side sentiment is largely positive — Dycom carries an average "Buy" rating with a consensus price target of $431.64, and several firms have recently raised targets (e.g., KeyCorp to $482, B. Riley to $485) while Guggenheim initiated coverage with a $510 buy.
• Dycom beat quarterly expectations with EPS of $2.03 vs. $1.91 and revenue of $1.46B vs. $1.34B (revenue up 34.4% YoY); management set Q1 2027 guidance of $2.57–$2.90 EPS and analysts expect about $12.88 EPS for the fiscal year.

Horizon Investments LLC raised its stake in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) by 43.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,907 shares of the construction company's stock after purchasing an additional 5,086 shares during the period. Horizon Investments LLC owned 0.06% of Dycom Industries worth $5,713,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of DY. Root Financial Partners LLC acquired a new stake in shares of Dycom Industries in the third quarter valued at about $26,000. Optiver Holding B.V. raised its position in shares of Dycom Industries by 57.1% in the third quarter. Optiver Holding B.V. now owns 110 shares of the construction company's stock valued at $32,000 after buying an additional 40 shares during the last quarter. Sound Income Strategies LLC acquired a new stake in shares of Dycom Industries in the fourth quarter valued at about $32,000. CI Investments Inc. raised its position in shares of Dycom Industries by 259.4% in the third quarter. CI Investments Inc. now owns 115 shares of the construction company's stock valued at $34,000 after buying an additional 83 shares during the last quarter. Finally, Salomon & Ludwin LLC acquired a new stake in shares of Dycom Industries in the third quarter valued at about $37,000. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on DY shares. KeyCorp increased their target price on shares of Dycom Industries from $426.00 to $482.00 and gave the company an "overweight" rating in a research report on Thursday, March 5th. Zacks Research upgraded shares of Dycom Industries from a "strong sell" rating to a "hold" rating in a research report on Monday, April 6th. Guggenheim began coverage on Dycom Industries in a report on Thursday, January 22nd. They issued a "buy" rating and a $510.00 target price for the company. Cantor Fitzgerald restated an "overweight" rating and issued a $436.00 target price on shares of Dycom Industries in a report on Friday, March 27th. Finally, B. Riley Financial lifted their price target on Dycom Industries from $420.00 to $485.00 and gave the stock a "buy" rating in a report on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $431.64.

Dycom Industries Price Performance

Dycom Industries stock opened at $432.41 on Monday. Dycom Industries, Inc. has a 12-month low of $177.27 and a 12-month high of $445.52. The stock has a market cap of $12.98 billion, a P/E ratio of 45.04, a PEG ratio of 1.00 and a beta of 1.46. The company has a 50-day moving average price of $380.17 and a 200 day moving average price of $356.41. The company has a current ratio of 2.74, a quick ratio of 2.61 and a debt-to-equity ratio of 1.51.

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, topping the consensus estimate of $1.91 by $0.12. Dycom Industries had a net margin of 5.07% and a return on equity of 21.77%. The firm had revenue of $1.46 billion during the quarter, compared to analysts' expectations of $1.34 billion. During the same period last year, the business earned $1.17 earnings per share. Dycom Industries's revenue was up 34.4% compared to the same quarter last year. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. Sell-side analysts anticipate that Dycom Industries, Inc. will post 12.88 earnings per share for the current year.

Dycom Industries 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.

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