Aubrey Capital Management Ltd purchased a new position in Dycom Industries, Inc. (NYSE:DY – Free Report) during the 1st quarter, HoldingsChannel reports. The firm purchased 7,560 shares of the construction company’s stock, valued at approximately $2,561,000. Dycom Industries comprises approximately 1.4% of Aubrey Capital Management Ltd’s investment portfolio, making the stock its 27th biggest holding.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Kemnay Advisory Services Inc. acquired a new position in Dycom Industries in the fourth quarter worth approximately $30,000. Sound Income Strategies LLC acquired a new position in shares of Dycom Industries in the 4th quarter worth $32,000. Acumen Wealth Advisors LLC acquired a new stake in shares of Dycom Industries during the fourth quarter worth $35,000. EverSource Wealth Advisors LLC raised its position in shares of Dycom Industries by 73.1% during the second quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock worth $39,000 after purchasing an additional 68 shares during the period. Finally, Legacy Wealth Managment LLC ID purchased a new stake in shares of Dycom Industries during the fourth quarter valued at $39,000. 98.33% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research firms recently weighed in on DY. UBS Group reiterated a “buy” rating and issued a $611.00 price target on shares of Dycom Industries in a research report on Friday, May 29th. Wells Fargo & Company upped their price objective on shares of Dycom Industries from $500.00 to $650.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Zacks Research upgraded shares of Dycom Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. B. Riley Financial lifted their target price on shares of Dycom Industries from $485.00 to $625.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Finally, Weiss Ratings upgraded shares of Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, July 6th. Two research analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $554.92.
Dycom Industries Stock Up 2.1%
Dycom Industries stock opened at $418.72 on Wednesday. The firm has a market cap of $12.57 billion, a PE ratio of 39.84, a P/E/G ratio of 0.72 and a beta of 1.50. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.46 and a current ratio of 2.58. The firm’s 50 day moving average price is $454.50 and its two-hundred day moving average price is $405.10. Dycom Industries, Inc. has a twelve month low of $233.00 and a twelve month high of $566.47.
Dycom Industries (NYSE:DY – Get Free Report) last released its earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.73 by $1.69. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.67 billion. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The company’s revenue was up 56.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.09 EPS. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. On average, research analysts predict that Dycom Industries, Inc. will post 15.42 EPS for the current fiscal 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.
Featured Stories
- Five stocks we like better than Dycom Industries
- Why Fastenal’s Latest Drop Could Be Its Biggest Opportunity Yet
- 3 Overlooked Energy ETFs Delivering Strong Returns and Income
- 3 Space Stocks That Could Outshine SpaceX After Its IPO
- JPMorgan’s Q2 Strength Gives the Stock Rally New Support
Want to see what other hedge funds are holding DY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dycom Industries, Inc. (NYSE:DY – Free Report).
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.
