Dycom Industries, Inc. $DY Shares Purchased by First Trust Advisors LP

First Trust Advisors LP increased its position in shares of Dycom Industries, Inc. (NYSE:DYFree Report) by 27.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 798,699 shares of the construction company’s stock after acquiring an additional 173,528 shares during the quarter. First Trust Advisors LP’s holdings in Dycom Industries were worth $270,615,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of DY. Kemnay Advisory Services Inc. purchased a new stake in shares of Dycom Industries in the 4th quarter valued at approximately $30,000. Sound Income Strategies LLC acquired a new stake in shares of Dycom Industries during the 4th quarter worth approximately $32,000. Acumen Wealth Advisors LLC purchased a new stake in shares of Dycom Industries during the 4th quarter valued at approximately $35,000. Legacy Wealth Managment LLC ID purchased a new stake in shares of Dycom Industries during the 4th quarter valued at approximately $39,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Dycom Industries by 73.1% in the second quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock valued at $39,000 after acquiring an additional 68 shares during the last quarter. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Dycom Industries Price Performance

Shares of NYSE DY opened at $433.78 on Thursday. The stock’s 50-day moving average is $452.46 and its two-hundred day moving average is $408.32. 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 1-year low of $233.00 and a 1-year high of $566.47. The company has a market cap of $13.03 billion, a price-to-earnings ratio of 41.27, a price-to-earnings-growth ratio of 0.75 and a beta of 1.50.

Dycom Industries (NYSE:DYGet Free Report) last announced its quarterly earnings data on Wednesday, May 27th. The construction company reported $4.42 earnings per share (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 last year, the business posted $2.09 EPS. The business’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. Analysts forecast that Dycom Industries, Inc. will post 15.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DY has been the subject of several analyst reports. Guggenheim increased their price objective on Dycom Industries from $575.00 to $620.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. UBS Group restated a “buy” rating and issued a $611.00 target price on shares of Dycom Industries in a research report on Friday, May 29th. Wall Street Zen raised Dycom Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 6th. Weiss Ratings upgraded Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, July 6th. Finally, Wedbush set a $654.00 price objective on Dycom Industries in a research report on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $554.92.

View Our Latest Analysis on Dycom Industries

Dycom Industries Company 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

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

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