IFP Advisors Inc increased its position in Dycom Industries, Inc. (NYSE:DY – Free Report) by 2,258.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,326 shares of the construction company’s stock after buying an additional 3,185 shares during the quarter. IFP Advisors Inc’s holdings in Dycom Industries were worth $1,124,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in the company. First Bank & Trust boosted its position in Dycom Industries by 1.6% during the 4th quarter. First Bank & Trust now owns 2,106 shares of the construction company’s stock valued at $712,000 after buying an additional 33 shares during the period. CWM LLC boosted its position in Dycom Industries by 1.9% during the 4th quarter. CWM LLC now owns 1,956 shares of the construction company’s stock valued at $661,000 after buying an additional 36 shares during the period. Optiver Holding B.V. boosted its position in Dycom Industries by 57.1% during the 3rd quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock valued at $32,000 after buying an additional 40 shares during the period. UMB Bank n.a. boosted its position in Dycom Industries by 57.3% during the 3rd 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 period. Finally, Archer Investment Corp boosted its position in Dycom Industries by 7.1% during the 3rd quarter. Archer Investment Corp now owns 739 shares of the construction company’s stock valued at $216,000 after buying an additional 49 shares during the period. Hedge funds and other institutional investors own 98.33% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have weighed in on DY shares. Weiss Ratings cut shares of Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Wall Street Zen cut shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 7th. Cantor Fitzgerald reissued an “overweight” rating and set a $436.00 price target on shares of Dycom Industries in a research report on Friday, March 27th. Zacks Research raised shares of Dycom Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Finally, B. Riley Financial increased their price target on shares of Dycom Industries from $420.00 to $485.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Dycom Industries presently has a consensus rating of “Buy” and an average price target of $431.64.
Dycom Industries Stock Down 0.4%
Shares of NYSE DY opened at $412.73 on Friday. The company has a current ratio of 2.74, a quick ratio of 2.61 and a debt-to-equity ratio of 1.51. Dycom Industries, Inc. has a 12 month low of $220.60 and a 12 month high of $464.82. The firm has a market capitalization of $12.39 billion, a PE ratio of 42.99, a price-to-earnings-growth ratio of 0.94 and a beta of 1.46. The firm has a fifty day simple moving average of $389.47 and a two-hundred day simple moving average of $369.82.
Dycom Industries (NYSE:DY – Get Free Report) last released its earnings results on Wednesday, March 4th. The construction company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.12. The firm had revenue of $1.46 billion for 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 company’s revenue was up 34.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.17 EPS. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. Equities analysts expect that Dycom Industries, Inc. will post 12.89 earnings per share for the current 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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