Hilltop Holdings Inc. bought a new position in Dycom Industries, Inc. (NYSE:DY – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,398 shares of the construction company’s stock, valued at approximately $474,000.
Other hedge funds also recently made changes to their positions in the company. Kemnay Advisory Services Inc. bought a new position in Dycom Industries in the 4th quarter valued at approximately $30,000. Sound Income Strategies LLC acquired a new position in shares of Dycom Industries during the fourth quarter worth $32,000. Acumen Wealth Advisors LLC bought a new position in shares of Dycom Industries in the 4th quarter valued at $35,000. Legacy Wealth Managment LLC ID bought a new position in shares of Dycom Industries in the 4th quarter valued at $39,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Dycom Industries by 73.1% during the 2nd 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 in the last quarter. 98.33% of the stock is currently owned by institutional investors and hedge funds.
Dycom Industries Stock Performance
Shares of Dycom Industries stock opened at $424.11 on Tuesday. The stock has a market cap of $12.74 billion, a price-to-earnings ratio of 40.35, a P/E/G ratio of 0.76 and a beta of 1.50. Dycom Industries, Inc. has a twelve month low of $233.00 and a twelve month high of $566.47. The company’s fifty day moving average is $452.22 and its 200 day moving average is $410.08. The company has a quick ratio of 2.46, a current ratio of 2.58 and a debt-to-equity ratio of 1.48.
Analyst Ratings Changes
A number of equities analysts have issued reports on the company. Weiss Ratings raised Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, July 6th. Wall Street Zen lowered Dycom Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Guggenheim boosted their price target on Dycom Industries from $575.00 to $620.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Cantor Fitzgerald upped their price objective on Dycom Industries from $436.00 to $654.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Dycom Industries from $415.00 to $650.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $554.92.
Read Our Latest Stock Report on DY
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.
See Also
- Five stocks we like better than Dycom Industries
- AirJoule’s Kubota Deal Is a Major Validation—But the Hard Part Comes Next
- Dividend Stocks May Be the Quiet Rotation Trade Investors Are Missing Now
- Refiner Stocks Are Near Record Highs—Can Iran-Driven Margins Keep Them There?
- Verizon May Be an AI Infrastructure Stock Hiding in Plain Sight
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.
