Bank of New York Mellon Corp purchased a new stake in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 178,438 shares of the construction company's stock, valued at approximately $90,216,000. Bank of New York Mellon Corp owned approximately 0.59% of Dycom Industries as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Kemnay Advisory Services Inc. purchased a new position in Dycom Industries during the 4th quarter valued at about $30,000. Harbor Investment Advisory LLC bought a new stake in Dycom Industries during the 2nd quarter valued at approximately $52,000. Acumen Wealth Advisors LLC acquired a new position in Dycom Industries in the 4th quarter valued at approximately $35,000. Legacy Wealth Managment LLC ID acquired a new stake in Dycom Industries during the fourth quarter valued at approximately $39,000. Finally, Nemes Rush Group LLC bought a new stake in Dycom Industries during the fourth quarter worth about $40,000. Institutional investors own 98.33% of the company's stock.
Dycom Industries Stock Down 2.8%
Shares of NYSE DY opened at $381.76 on Tuesday. The firm has a market cap of $11.46 billion, a PE ratio of 36.32, a price-to-earnings-growth ratio of 0.69 and a beta of 1.54. Dycom Industries, Inc. has a 1 year low of $242.55 and a 1 year 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 company has a 50 day simple moving average of $429.52 and a 200 day simple moving average of $415.72.
Dycom Industries (NYSE:DY - Get Free Report) last posted its quarterly earnings data on Wednesday, May 27th. The construction company reported $4.42 earnings per share for the quarter, topping the consensus estimate of $2.73 by $1.69. The company had revenue of $1.96 billion during the quarter, compared to analysts' expectations of $1.67 billion. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. Dycom Industries's revenue for the quarter was up 56.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.09 earnings per share. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. On average, research analysts forecast that Dycom Industries, Inc. will post 15.45 EPS for the current year.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on DY. Wells Fargo & Company upped their price target on Dycom Industries from $500.00 to $650.00 and gave the company an "overweight" rating in a research note on Thursday, May 28th. Guggenheim upped their price objective on Dycom Industries from $575.00 to $620.00 and gave the stock a "buy" rating in a research note on Thursday, May 28th. Zacks Research lowered shares of Dycom Industries from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. Wall Street Zen lowered Dycom Industries from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 25th. Finally, Weiss Ratings raised Dycom Industries from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, August 13th. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Dycom Industries currently has an average rating of "Moderate Buy" and a consensus price target of $578.09.
Get Our Latest Analysis on Dycom Industries
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.
Further Reading
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