Dycom Industries (NYSE:DY – Get Free Report) released its earnings results on Wednesday. The construction company reported $4.42 EPS for the quarter, beating analysts’ consensus estimates of $2.73 by $1.69, FiscalAI reports. Dycom Industries had a return on equity of 21.77% and a net margin of 5.07%.
Dycom Industries Price Performance
NYSE DY opened at $421.68 on Wednesday. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.74 and a quick ratio of 2.61. The stock’s fifty day moving average price is $392.07 and its 200 day moving average price is $372.25. Dycom Industries has a 1 year low of $223.19 and a 1 year high of $464.82. The company has a market cap of $12.66 billion, a price-to-earnings ratio of 43.93, a PEG ratio of 0.94 and a beta of 1.46.
Institutional Investors Weigh In On Dycom Industries
A number of large investors have recently bought and sold shares of DY. Peconic Partners LLC lifted its position in Dycom Industries by 2.8% during the second 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 period. First Trust Advisors LP raised its position in Dycom Industries by 3.4% during the fourth quarter. First Trust Advisors LP now owns 625,171 shares of the construction company’s stock valued at $211,245,000 after acquiring an additional 20,306 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Dycom Industries by 24.5% during 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 acquiring an additional 110,065 shares in the last quarter. Bank of America Corp DE grew its position in Dycom Industries by 15.2% during the third quarter. Bank of America Corp DE now owns 354,225 shares of the construction company’s stock valued at $103,349,000 after buying an additional 46,680 shares during the period. Finally, Invesco Ltd. grew its position in Dycom Industries by 8.8% during the third quarter. Invesco Ltd. now owns 247,042 shares of the construction company’s stock valued at $72,077,000 after buying an additional 19,915 shares during the period. Hedge funds and other institutional investors own 98.33% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on DY
Dycom Industries Company 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.
Further Reading
- Five stocks we like better than Dycom Industries
- AI Can’t Reach the Real World Without These 3 Stocks
- Banks Are Buying Back Stock Hand Over Fist, Including These 3 Names
- 2 Aluminum Stocks Poised for Big Tariff-Related Gains
- AutoZone’s Pullback Sets Up a Long-Term Buying Opportunity
Receive News & Ratings for Dycom Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dycom Industries and related companies with MarketBeat.com's FREE daily email newsletter.
