Danske Bank A S bought a new stake in Dycom Industries, Inc. (NYSE:DY - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,230 shares of the construction company's stock, valued at approximately $7,195,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. &PARTNERS lifted its stake in shares of Dycom Industries by 2.5% during the fourth quarter. &PARTNERS now owns 1,053 shares of the construction company's stock valued at $356,000 after acquiring an additional 26 shares during the period. EverSource Wealth Advisors LLC lifted its position in Dycom Industries by 17.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the construction company's stock valued at $69,000 after purchasing an additional 30 shares during the period. Legacy Wealth Managment LLC ID boosted its stake in shares of Dycom Industries by 30.4% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 150 shares of the construction company's stock valued at $51,000 after purchasing an additional 35 shares during the last quarter. Osaic Holdings Inc. boosted its stake in shares of Dycom Industries by 1.7% in the 4th quarter. Osaic Holdings Inc. now owns 2,062 shares of the construction company's stock valued at $697,000 after purchasing an additional 35 shares during the last quarter. Finally, CWM LLC grew its position in shares of Dycom Industries by 1.9% during the 4th quarter. CWM LLC now owns 1,956 shares of the construction company's stock worth $661,000 after buying an additional 36 shares during the period. Institutional investors and hedge funds own 98.33% of the company's stock.
Wall Street Analyst Weigh In
DY has been the topic of several analyst reports. Cantor Fitzgerald increased their price objective on shares of Dycom Industries from $436.00 to $654.00 and gave the company an "overweight" rating in a report on Friday, May 29th. Weiss Ratings upgraded Dycom Industries from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, August 13th. Wall Street Zen lowered shares of Dycom Industries from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 25th. KeyCorp increased their price objective on shares of Dycom Industries from $482.00 to $610.00 and gave the stock an "overweight" rating in a research report on Monday, June 1st. Finally, B. Riley Financial lifted their price objective on shares of Dycom Industries from $485.00 to $625.00 and gave the company a "buy" rating in a report on Thursday, May 28th. Eleven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $578.09.
Get Our Latest Analysis on Dycom Industries
Dycom Industries Stock Down 1.7%
DY stock opened at $393.24 on Friday. Dycom Industries, Inc. has a fifty-two week low of $242.55 and a fifty-two week high of $566.47. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.58 and a quick ratio of 2.46. The stock has a market capitalization of $11.81 billion, a price-to-earnings ratio of 37.42, a PEG ratio of 0.71 and a beta of 1.54. The business's fifty day moving average price is $431.31 and its two-hundred day moving average price is $415.56.
Dycom Industries (NYSE:DY - Get Free Report) last announced its earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.73 by $1.69. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The company had revenue of $1.96 billion during the quarter, compared to analysts' expectations of $1.67 billion. During the same quarter in the previous year, the business posted $2.09 earnings per share. Dycom Industries's quarterly revenue was up 56.1% on a year-over-year basis. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. On average, equities analysts anticipate that Dycom Industries, Inc. will post 15.45 earnings per share for the current year.
Dycom Industries 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.
See Also
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).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Dycom Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dycom Industries wasn't on the list.
While Dycom Industries currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries.
"Physical AI" is coming to the United States, and there are four ways that investors can gain exposure to this new robotics revolution. Plus, learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
