UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Dycom Industries, Inc. (NYSE:DY – Free Report) by 36.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,046 shares of the construction company’s stock after purchasing an additional 23,219 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.29% of Dycom Industries worth $44,010,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in DY. Kemnay Advisory Services Inc. purchased a new position in Dycom Industries during the 4th quarter valued at approximately $30,000. Allworth Financial LP purchased a new position in shares of Dycom Industries during the 2nd quarter worth about $35,000. Acumen Wealth Advisors LLC bought a new position in shares of Dycom Industries during the fourth quarter valued at approximately $35,000. Legacy Wealth Managment LLC ID purchased a new stake in Dycom Industries in the fourth quarter worth $39,000. Finally, EverSource Wealth Advisors LLC boosted its position in Dycom Industries by 73.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock valued at $39,000 after buying an additional 68 shares during the period. Hedge funds and other institutional investors own 98.33% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the company. B. Riley Financial increased their price target on Dycom Industries from $485.00 to $625.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. KeyCorp dropped their target price on Dycom Industries from $610.00 to $423.00 and set an “overweight” rating on the stock in a research note on Thursday, August 27th. Zacks Research lowered shares of Dycom Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Wedbush set a $654.00 price objective on Dycom Industries in a research note on Friday, May 29th. Finally, Weiss Ratings downgraded shares of Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $514.00.
Dycom Industries Trading Up 3.3%
Shares of NYSE:DY opened at $296.88 on Thursday. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.35 and a quick ratio of 2.24. The firm has a market capitalization of $8.95 billion, a price-to-earnings ratio of 27.01, a price-to-earnings-growth ratio of 0.50 and a beta of 1.49. Dycom Industries, Inc. has a 1 year low of $243.80 and a 1 year high of $566.47. The business’s 50 day moving average price is $407.07 and its 200-day moving average price is $411.02.
Dycom Industries (NYSE:DY – Get Free Report) last issued its quarterly earnings results on Wednesday, August 26th. The construction company reported $5.29 earnings per share for the quarter, beating analysts’ consensus estimates of $4.72 by $0.57. Dycom Industries had a net margin of 4.79% and a return on equity of 25.30%. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the company posted $3.33 EPS. Dycom Industries’s quarterly revenue was up 45.6% compared to the same quarter last year. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. On average, equities research analysts forecast that Dycom Industries, Inc. will post 15.63 earnings per share for the current fiscal year.
Dycom Industries announced that its board has authorized a stock repurchase plan on Wednesday, August 26th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the construction company to reacquire up to 1.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
Insiders Place Their Bets
In other Dycom Industries news, Director David Joseph Fallon acquired 700 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was bought at an average price of $286.92 per share, with a total value of $200,844.00. Following the purchase, the director owned 1,043 shares in the company, valued at approximately $299,257.56. The trade was a 204.08% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.22% of the company’s stock.
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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