IFP Advisors Inc Raises Stock Holdings in Dycom Industries, Inc. $DY

IFP Advisors Inc increased its position in Dycom Industries, Inc. (NYSE:DYFree 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.

Get Our Latest Stock Report on Dycom Industries

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:DYGet 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

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Dycom Industries (NYSE:DY)

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