Altman Advisors Inc. Buys New Shares in Dycom Industries, Inc. $DY

Key Points

• Altman Advisors initiated a position in Dycom Industries during the second quarter, purchasing 6,710 shares valued at approximately $3.4 million. The stock now represents 1.2% of the firm’s portfolio, while institutional investors collectively own 98.33% of Dycom.
• Dycom reported strong quarterly results, with EPS of $4.42 versus the $2.73 consensus and revenue of $1.96 billion, up 56.1% year over year and above analyst expectations.
• Analyst sentiment remains positive: 11 analysts rate the stock Buy and one rates it Hold, producing a “Moderate Buy” consensus and an average price target of $578.09, despite shares recently trading down 0.3% at $401.63.

Altman Advisors Inc. bought a new position in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,710 shares of the construction company's stock, valued at approximately $3,393,000. Dycom Industries makes up 1.2% of Altman Advisors Inc.'s holdings, making the stock its 21st biggest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. bought a new stake in Dycom Industries in the fourth quarter valued at about $30,000. Harbor Investment Advisory LLC bought a new position in Dycom Industries during the second quarter worth about $52,000. Acumen Wealth Advisors LLC acquired a new stake in Dycom Industries during the fourth quarter valued at approximately $35,000. Legacy Wealth Managment LLC ID bought a new stake in shares of Dycom Industries in the 4th quarter valued at approximately $39,000. Finally, Nemes Rush Group LLC bought a new stake in shares of Dycom Industries in the 4th quarter valued at approximately $40,000. 98.33% of the stock is currently owned by institutional investors.

Dycom Industries Trading Down 0.3%

Shares of DY opened at $401.63 on Friday. 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 company has a market cap of $12.06 billion, a price-to-earnings ratio of 38.21, a PEG ratio of 0.71 and a beta of 1.54. The stock has a fifty day moving average price of $432.83 and a two-hundred day moving average price of $415.72. Dycom Industries, Inc. has a 52-week low of $242.55 and a 52-week high of $566.47.

Dycom Industries (NYSE:DY - Get Free Report) last announced its earnings results on Wednesday, May 27th. The construction company reported $4.42 EPS for the quarter, topping 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 company had revenue of $1.96 billion for the quarter, compared to analysts' expectations of $1.67 billion. During the same quarter in the prior year, the business earned $2.09 earnings per share. The business's revenue for the quarter was up 56.1% on a year-over-year basis. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. Analysts predict that Dycom Industries, Inc. will post 15.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DY has been the subject of several analyst reports. Cantor Fitzgerald raised their target price on Dycom Industries from $436.00 to $654.00 and gave the stock an "overweight" rating in a research report on Friday, May 29th. KeyCorp upped their price target on Dycom Industries from $482.00 to $610.00 and gave the company an "overweight" rating in a research report on Monday, June 1st. B. Riley Financial increased their price objective on Dycom Industries from $485.00 to $625.00 and gave the stock a "buy" rating in a research note on Thursday, May 28th. Guggenheim lifted their price objective on Dycom Industries from $575.00 to $620.00 and gave the company a "buy" rating in a 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 research note on Thursday, August 13th. Eleven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Dycom Industries currently has an average rating of "Moderate Buy" and an average target price of $578.09.

About Dycom Industries

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.

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