Wilson Asset Management International PTY Ltd. Buys Shares of 3,000 Dycom Industries, Inc. $DY

Key Points

• Wilson Asset Management International bought a new stake of 3,000 shares worth about $1,014,000 in Dycom Industries (NYSE:DY) during the 4th quarter, and institutional investors now own 98.33% of the stock with large position increases from firms like Nordea and Millennium.
• Dycom recently reported an earnings beat (Q: $2.03 EPS vs. $1.91 expected; revenue $1.46B, up 34.4% YoY) and analysts are broadly bullish—consensus rating Buy with an average price target of $431.64 and top targets up to $510.00.

Wilson Asset Management International PTY Ltd. bought a new stake in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,000 shares of the construction company's stock, valued at approximately $1,014,000.

Several other large investors have also recently bought and sold shares of DY. Nordea Investment Management AB increased its stake in Dycom Industries by 5,603.6% during 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. Millennium Management LLC increased its stake in Dycom Industries by 21.0% during the 3rd quarter. Millennium Management LLC now owns 1,324,938 shares of the construction company's stock valued at $386,564,000 after buying an additional 229,579 shares during the period. Alyeska Investment Group L.P. acquired a new position in Dycom Industries during the 3rd quarter valued at about $44,553,000. Bornite Capital Management LP acquired a new position in Dycom Industries during the 3rd quarter valued at about $43,764,000. Finally, Cartenna Capital LP acquired a new position in Dycom Industries during the 3rd quarter valued at about $40,846,000. Institutional investors and hedge funds own 98.33% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on DY shares. Wall Street Zen cut shares of Dycom Industries from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 7th. Bank of America raised their target price on shares of Dycom Industries from $365.00 to $475.00 and gave the company a "buy" rating in a research note on Wednesday, February 25th. JPMorgan Chase & Co. lifted 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. UBS Group set a $475.00 price objective on shares of Dycom Industries and gave the stock a "buy" rating in a research note on Friday, March 6th. Finally, Guggenheim initiated coverage on shares of Dycom Industries in a research note on Thursday, January 22nd. They issued a "buy" rating and a $510.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $431.64.

Dycom Industries Stock Performance

Shares of DY opened at $456.95 on Wednesday. The firm's 50 day moving average is $380.72 and its 200-day moving average is $357.52. The stock has a market capitalization of $13.72 billion, a P/E ratio of 47.60, a P/E/G ratio of 0.99 and a beta of 1.46. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.74 and a quick ratio of 2.61. Dycom Industries, Inc. has a 12-month low of $181.17 and a 12-month high of $463.96.

Dycom Industries (NYSE:DY - Get Free Report) last announced 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. The company had revenue of $1.46 billion for the quarter, compared to analysts' expectations of $1.34 billion. Dycom Industries had a net margin of 5.07% and a return on equity of 21.77%. The business's revenue was up 34.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.17 EPS. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. Equities research analysts anticipate that Dycom Industries, Inc. will post 12.88 EPS for the current fiscal 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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