Quantum Portfolio Management LLC bought a new stake in shares of Dycom Industries, Inc. (NYSE:DY – Free Report) during the 1st quarter, HoldingsChannel.com reports. The firm bought 1,252 shares of the construction company’s stock, valued at approximately $424,000.
A number of other hedge funds also recently modified their holdings of the business. Kemnay Advisory Services Inc. acquired a new stake in shares of Dycom Industries in the fourth quarter worth $30,000. Sound Income Strategies LLC acquired a new position in Dycom Industries during the fourth quarter valued at $32,000. Acumen Wealth Advisors LLC purchased a new stake in Dycom Industries in the 4th quarter worth about $35,000. Legacy Wealth Managment LLC ID purchased a new stake in Dycom Industries in the 4th quarter worth about $39,000. Finally, EverSource Wealth Advisors LLC boosted its position in Dycom Industries by 73.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock worth $39,000 after acquiring an additional 68 shares during the period. Hedge funds and other institutional investors own 98.33% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have weighed in on the company. Cantor Fitzgerald lifted their target price on Dycom Industries from $436.00 to $654.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. JPMorgan Chase & Co. increased their price target on shares of Dycom Industries from $415.00 to $650.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. KeyCorp raised their price target on shares of Dycom Industries from $482.00 to $610.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Wedbush set a $654.00 price objective on shares of Dycom Industries in a research report on Friday, May 29th. Finally, Guggenheim upped their price objective on shares of Dycom Industries from $575.00 to $620.00 and gave the company a “buy” 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. According to MarketBeat, Dycom Industries currently has a consensus rating of “Buy” and a consensus target price of $554.92.
Dycom Industries Stock Down 0.0%
DY opened at $426.70 on Friday. The company has a market capitalization of $12.81 billion, a PE ratio of 40.60, a price-to-earnings-growth ratio of 0.75 and a beta of 1.50. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.58 and a quick ratio of 2.46. Dycom Industries, Inc. has a fifty-two week low of $233.00 and a fifty-two week high of $566.47. The business has a 50-day moving average of $454.63 and a 200-day moving average of $403.63.
Dycom Industries (NYSE:DY – Get Free Report) last announced its quarterly earnings results on Wednesday, May 27th. The construction company reported $4.42 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 business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the previous year, the business posted $2.09 EPS. The firm’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. Equities research analysts forecast that Dycom Industries, Inc. will post 15.42 EPS for the current fiscal 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.
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