Nordea Investment Management AB Grows Stake in Dycom Industries, Inc. $DY

Nordea Investment Management AB grew its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 5,603.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 405,580 shares of the construction company’s stock after acquiring an additional 398,469 shares during the quarter. Nordea Investment Management AB owned about 1.40% of Dycom Industries worth $139,057,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Root Financial Partners LLC purchased a new stake in Dycom Industries during the 3rd quarter valued at about $26,000. Optiver Holding B.V. raised its holdings in Dycom Industries by 57.1% in the third quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock worth $32,000 after buying an additional 40 shares during the last quarter. CI Investments Inc. lifted its stake in shares of Dycom Industries by 259.4% in the third quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock worth $34,000 after buying an additional 83 shares in the last quarter. Salomon & Ludwin LLC bought a new position in shares of Dycom Industries in the third quarter worth approximately $37,000. Finally, UMB Bank n.a. grew its holdings in shares of Dycom Industries by 57.3% during the third quarter. UMB Bank n.a. now owns 129 shares of the construction company’s stock valued at $38,000 after buying an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Cantor Fitzgerald assumed coverage on shares of Dycom Industries in a report on Tuesday, March 10th. They issued an “overweight” rating and a $436.00 price objective for the company. KeyCorp increased their target price on Dycom Industries from $426.00 to $482.00 and gave the company an “overweight” rating in a research note on Thursday, March 5th. Zacks Research lowered Dycom Industries from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. Weiss Ratings restated a “buy (b)” rating on shares of Dycom Industries in a research note on Wednesday, January 21st. Finally, Wall Street Zen downgraded Dycom Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $431.64.

Insider Activity at Dycom Industries

In related news, Director Eitan Gertel sold 3,645 shares of Dycom Industries stock in a transaction on Friday, January 9th. The stock was sold at an average price of $345.62, for a total value of $1,259,784.90. Following the completion of the sale, the director owned 15,997 shares of the company’s stock, valued at $5,528,883.14. The trade was a 18.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.72% of the stock is owned by insiders.

Dycom Industries Stock Down 5.4%

Shares of Dycom Industries stock opened at $336.43 on Monday. The company has a market cap of $10.08 billion, a price-to-earnings ratio of 35.04, a price-to-earnings-growth ratio of 0.78 and a beta of 1.34. The company’s 50 day moving average is $384.69 and its 200 day moving average is $335.35. Dycom Industries, Inc. has a twelve month low of $131.37 and a twelve month high of $445.52. The company has a quick ratio of 2.61, a current ratio of 2.74 and a debt-to-equity ratio of 1.51.

Dycom Industries (NYSE:DY) last posted its earnings results on Wednesday, March 4th. The construction company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.12. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.34 billion. Dycom Industries had a net margin of 5.07% and a return on equity of 21.77%. The firm’s revenue was up 34.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.17 EPS. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. Research analysts anticipate that Dycom Industries, Inc. will post 7.13 EPS for the current year.

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.