NFJ Investment Group LLC Invests $2.90 Million in Dycom Industries, Inc. $DY

Key Points

• NFJ Investment Group acquired 5,727 Dycom Industries shares worth approximately $2.90 million during the second quarter. Institutional investors collectively own 98.33% of the company.
• Dycom reported strong quarterly results, with EPS of $4.42 versus the $2.73 consensus estimate and revenue up 56.1% year over year to $1.96 billion.
• Analyst sentiment remains favorable: 11 analysts rate the stock a Buy and one rates it Hold, producing a consensus “Moderate Buy” rating and an average price target of $578.09.

NFJ Investment Group LLC acquired a new stake in Dycom Industries, Inc. (NYSE:DY - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,727 shares of the construction company's stock, valued at approximately $2,896,000.

Other institutional investors have also recently bought and sold shares of the company. Kemnay Advisory Services Inc. acquired a new stake in shares of Dycom Industries in the 4th quarter valued at approximately $30,000. Acumen Wealth Advisors LLC acquired a new position in Dycom Industries during the 4th quarter worth approximately $35,000. Legacy Wealth Managment LLC ID bought a new position in Dycom Industries in the 4th quarter valued at approximately $39,000. EverSource Wealth Advisors LLC lifted its stake in shares of Dycom Industries by 73.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company's stock valued at $39,000 after acquiring an additional 68 shares during the last quarter. Finally, Nemes Rush Group LLC bought a new position in Dycom Industries in the fourth quarter valued at about $40,000. Institutional investors and hedge funds own 98.33% of the company's stock.

Dycom Industries Trading Down 0.3%

DY opened at $401.63 on Friday. Dycom Industries, Inc. has a twelve month low of $242.55 and a twelve month high of $566.47. The company has a fifty day moving average of $432.83 and a 200-day moving average of $415.72. The stock has a market cap of $12.06 billion, a PE ratio of 38.21, a price-to-earnings-growth ratio of 0.71 and a beta of 1.54. The company has a quick ratio of 2.46, a current ratio of 2.58 and a debt-to-equity ratio of 1.48.

Dycom Industries (NYSE:DY - Get Free Report) last released its earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.73 by $1.69. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the previous year, the business earned $2.09 earnings per share. Dycom Industries's revenue for the quarter was up 56.1% on a year-over-year basis. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. On average, sell-side analysts predict that Dycom Industries, Inc. will post 15.45 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on DY shares. JPMorgan Chase & Co. upped their price target on shares of Dycom Industries from $415.00 to $650.00 and gave the company an "overweight" rating in a research report on Thursday, May 28th. Wells Fargo & Company lifted their price target on shares of Dycom Industries from $500.00 to $650.00 and gave the stock an "overweight" rating in a report on Thursday, May 28th. Zacks Research downgraded Dycom Industries from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. Wall Street Zen downgraded Dycom Industries from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 25th. Finally, KeyCorp upped their price target on Dycom Industries from $482.00 to $610.00 and gave the company an "overweight" rating in a research report on Monday, June 1st. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $578.09.

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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