Principal Financial Group Inc. Has $120.56 Million Position in Dycom Industries, Inc. $DY

Key Points

• Principal Financial Group reduced its stake in Dycom by 25.5% in Q4, selling 122,024 shares and finishing the period with 356,803 shares worth $120.56 million (about 1.23% of the company).
• Other institutional moves were large — notably Nordea boosted its holding to 405,580 shares (adding ~398,469 shares) valued at $139.06 million — and institutional investors now own 98.33% of Dycom.
• Dycom posted an EPS beat (Q: $2.03 vs. $1.91 expected) with revenue up 34.4% to $1.46B; the stock trades near its 52‑week high and Wall Street's consensus rating is "Buy" with an average target of $431.64.

Principal Financial Group Inc. lessened its holdings in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) by 25.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 356,803 shares of the construction company's stock after selling 122,024 shares during the period. Principal Financial Group Inc. owned 1.23% of Dycom Industries worth $120,564,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DY. Nordea Investment Management AB increased its stake in shares of Dycom Industries by 5,603.6% in the 4th quarter. Nordea Investment Management AB now owns 405,580 shares of the construction company's stock valued at $139,057,000 after buying an additional 398,469 shares during the period. American Century Companies Inc. raised its holdings in Dycom Industries by 58.4% during the 3rd quarter. American Century Companies Inc. now owns 97,801 shares of the construction company's stock worth $28,534,000 after purchasing an additional 36,074 shares during the last quarter. New York Life Investment Management LLC acquired a new position in Dycom Industries in the third quarter valued at approximately $830,000. 12th Street Asset Management Company LLC raised its position in shares of Dycom Industries by 48.9% during the 3rd quarter. 12th Street Asset Management Company LLC now owns 67,238 shares of the construction company's stock valued at $19,617,000 after acquiring an additional 22,077 shares during the last quarter. Finally, Aventail Capital Group LP bought a new position in shares of Dycom Industries in the 3rd quarter worth $5,285,000. Institutional investors and hedge funds own 98.33% of the company's stock.

Dycom Industries Stock Performance

NYSE DY opened at $458.83 on Thursday. The stock has a market cap of $13.77 billion, a PE ratio of 47.80, a P/E/G ratio of 1.05 and a beta of 1.46. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.61 and a current ratio of 2.74. The firm has a 50-day moving average of $381.48 and a 200-day moving average of $358.68. Dycom Industries, Inc. has a 52-week low of $182.67 and a 52-week high of $464.82.

Dycom Industries (NYSE:DY - Get Free Report) last announced its quarterly earnings results on Wednesday, March 4th. The construction company reported $2.03 EPS for the quarter, beating analysts' consensus estimates of $1.91 by $0.12. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.34 billion. Dycom Industries had a net margin of 5.07% and a return on equity of 21.77%. Dycom Industries's quarterly revenue was up 34.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.17 EPS. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. On average, sell-side analysts anticipate that Dycom Industries, Inc. will post 12.88 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Dycom Industries in a research note on Wednesday, January 21st. UBS Group set a $475.00 price objective on shares of Dycom Industries and gave the stock a "buy" rating in a research report on Friday, March 6th. B. Riley Financial upped their price target on Dycom Industries from $420.00 to $485.00 and gave the stock a "buy" rating in a research report on Thursday, March 5th. Wall Street Zen lowered shares of Dycom Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 7th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Dycom Industries from $395.00 to $415.00 and gave the stock an "overweight" rating in a research note on Thursday, March 5th. One 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $431.64.

Dycom Industries Company 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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