Bessemer Group Inc. Reduces Holdings in Dycom Industries, Inc. $DY

Bessemer Group Inc. lowered its position in shares of Dycom Industries, Inc. (NYSE:DY) by 10.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,980 shares of the construction company’s stock after selling 2,946 shares during the period. Bessemer Group Inc. owned approximately 0.08% of Dycom Industries worth $8,125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its holdings in Dycom Industries by 265,593,055.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 23,903,384 shares of the construction company’s stock valued at $8,076,953,000 after acquiring an additional 23,903,375 shares during the last quarter. Nordea Investment Management AB increased its stake in Dycom Industries by 5,603.6% during the fourth quarter. Nordea Investment Management AB now owns 405,580 shares of the construction company’s stock worth $139,057,000 after acquiring an additional 398,469 shares during the last quarter. Alyeska Investment Group L.P. purchased a new stake in Dycom Industries in the third quarter valued at $44,553,000. Price T Rowe Associates Inc. MD raised its position in Dycom Industries by 24.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 558,519 shares of the construction company’s stock valued at $188,725,000 after purchasing an additional 110,065 shares during the period. Finally, Peconic Partners LLC lifted its stake in shares of Dycom Industries by 2.8% in the 2nd quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock valued at $933,038,000 after purchasing an additional 105,586 shares during the last quarter. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Dycom Industries Trading Down 0.0%

DY opened at $407.00 on Monday. Dycom Industries, Inc. has a 52 week low of $233.00 and a 52 week high of $566.47. The company has a quick ratio of 2.46, a current ratio of 2.58 and a debt-to-equity ratio of 1.48. The business has a fifty day simple moving average of $453.22 and a 200-day simple moving average of $406.58. The firm has a market cap of $12.22 billion, a P/E ratio of 38.72, a P/E/G ratio of 0.72 and a beta of 1.50.

Dycom Industries (NYSE:DY) last posted its quarterly earnings data 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 return on equity of 24.13% and a net margin of 4.98%.The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the previous year, the business earned $2.09 EPS. The company’s quarterly revenue was up 56.1% compared to the same quarter last year. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. On average, equities analysts expect that Dycom Industries, Inc. will post 15.42 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. UBS Group reiterated a “buy” rating and set a $611.00 price target on shares of Dycom Industries in a report on Friday, May 29th. Wall Street Zen upgraded shares of Dycom Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 6th. Weiss Ratings raised shares of Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, July 6th. Wells Fargo & Company increased their target price on shares of Dycom Industries from $500.00 to $650.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Finally, JPMorgan Chase & Co. increased their target price on shares of Dycom Industries from $415.00 to $650.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company’s stock. According to MarketBeat.com, Dycom Industries currently has an average rating of “Buy” and a consensus price target of $554.92.

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.