Nuveen LLC Takes $21.45 Million Position in Dycom Industries, Inc. $DY

Key Points

• Nuveen LLC acquired a new stake in Dycom Industries, purchasing 140,808 shares valued at approximately $21.45 million, bringing their total ownership to about 0.49% as of the latest reporting period.
• Dycom Industries reported earnings of $2.09 per share for the last quarter, exceeding analysts' expectations, and noted a revenue growth of 10.2% year-over-year.
• Wall Street analysts have mixed ratings on Dycom Industries, with a consensus rating of "Moderate Buy" and an average price target of $264.63.

Nuveen LLC bought a new stake in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 140,808 shares of the construction company's stock, valued at approximately $21,451,000. Nuveen LLC owned 0.49% of Dycom Industries as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. GeoWealth Management LLC grew its position in shares of Dycom Industries by 35.9% during the 4th quarter. GeoWealth Management LLC now owns 348 shares of the construction company's stock valued at $61,000 after acquiring an additional 92 shares during the period. Federated Hermes Inc. grew its position in shares of Dycom Industries by 27.1% during the 1st quarter. Federated Hermes Inc. now owns 492 shares of the construction company's stock valued at $75,000 after acquiring an additional 105 shares during the period. Xponance Inc. grew its position in shares of Dycom Industries by 5.7% during the 1st quarter. Xponance Inc. now owns 2,163 shares of the construction company's stock valued at $330,000 after acquiring an additional 116 shares during the period. Brevan Howard Capital Management LP grew its position in shares of Dycom Industries by 2.9% during the 4th quarter. Brevan Howard Capital Management LP now owns 5,026 shares of the construction company's stock valued at $875,000 after acquiring an additional 140 shares during the period. Finally, Versant Capital Management Inc bought a new position in shares of Dycom Industries during the 1st quarter valued at approximately $28,000. 98.33% of the stock is owned by institutional investors.

Dycom Industries Price Performance

NYSE DY traded down $4.39 on Friday, hitting $257.80. The stock had a trading volume of 541,533 shares, compared to its average volume of 429,305. Dycom Industries, Inc. has a 52-week low of $131.37 and a 52-week high of $285.64. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.96 and a current ratio of 3.16. The company has a market capitalization of $7.46 billion, a price-to-earnings ratio of 28.97, a price-to-earnings-growth ratio of 1.27 and a beta of 1.34. The firm has a 50-day moving average of $255.98 and a 200-day moving average of $205.37.

Dycom Industries (NYSE:DY - Get Free Report) last posted its earnings results on Wednesday, August 20th. The construction company reported $3.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.41. The business had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.41 billion. Dycom Industries had a net margin of 5.23% and a return on equity of 21.17%. The business's revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.46 EPS. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. Equities analysts expect that Dycom Industries, Inc. will post 7.13 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on DY shares. KeyCorp raised their price objective on shares of Dycom Industries from $255.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Zacks Research raised shares of Dycom Industries to a "hold" rating in a report on Monday, August 11th. UBS Group raised their price objective on shares of Dycom Industries from $288.00 to $296.00 and gave the stock a "buy" rating in a report on Thursday. Wall Street Zen raised shares of Dycom Industries from a "hold" rating to a "buy" rating in a report on Friday. Finally, DA Davidson raised their price objective on shares of Dycom Industries from $265.00 to $300.00 and gave the stock a "buy" rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Dycom Industries has an average rating of "Buy" and a consensus target price of $289.43.

About Dycom Industries

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.