M&T Bank Corp Invests $8.87 Million in Dycom Industries, Inc. $DY

Key Points

• M&T Bank Corp opened a new Q4 position in Dycom (NYSE:DY), buying 26,236 shares worth about $8.87 million, equal to roughly 0.09% of the company.
• Dycom beat quarterly expectations with EPS of $2.03 versus $1.91 and revenue of $1.46 billion (up 34.4% year-over-year), and provided Q1 guidance of 2.570–2.90 EPS.
• Analyst sentiment is largely positive—most firms rate DY a Buy with an average price target near $431.64—and institutional investors hold about 98.33% of the stock.

M&T Bank Corp acquired a new position in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 26,236 shares of the construction company's stock, valued at approximately $8,865,000. M&T Bank Corp owned 0.09% of Dycom Industries as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in DY. Root Financial Partners LLC bought a new stake in shares of Dycom Industries during the third quarter worth approximately $26,000. Optiver Holding B.V. boosted its holdings in shares of Dycom Industries by 57.1% during the third quarter. Optiver Holding B.V. now owns 110 shares of the construction company's stock worth $32,000 after acquiring an additional 40 shares during the period. Sound Income Strategies LLC bought a new stake in shares of Dycom Industries during the fourth quarter worth approximately $32,000. CI Investments Inc. boosted its holdings in shares of Dycom Industries by 259.4% during the third quarter. CI Investments Inc. now owns 115 shares of the construction company's stock worth $34,000 after acquiring an additional 83 shares during the period. Finally, Salomon & Ludwin LLC bought a new stake in shares of Dycom Industries during the third quarter worth approximately $37,000. Institutional investors own 98.33% of the company's stock.

Dycom Industries Trading Down 0.7%

Shares of DY stock opened at $411.31 on Friday. The company has a current ratio of 2.74, a quick ratio of 2.61 and a debt-to-equity ratio of 1.51. The stock has a market cap of $12.35 billion, a P/E ratio of 42.84, a price-to-earnings-growth ratio of 0.95 and a beta of 1.38. The stock has a 50 day simple moving average of $381.34 and a 200 day simple moving average of $352.25. Dycom Industries, Inc. has a 1 year low of $162.30 and a 1 year high of $445.52.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DY. UBS Group set a $475.00 price objective on Dycom Industries and gave the stock a "buy" rating in a report on Friday, March 6th. Wall Street Zen cut Dycom Industries from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 7th. JPMorgan Chase & Co. boosted their price target on Dycom Industries from $395.00 to $415.00 and gave the company an "overweight" rating in a research note on Thursday, March 5th. Zacks Research upgraded Dycom Industries from a "strong sell" rating to a "hold" rating in a research note on Monday, April 6th. Finally, Guggenheim initiated coverage on Dycom Industries in a research note on Thursday, January 22nd. They issued a "buy" rating and a $510.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $431.64.

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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