Bellars Harris Wealth Management LLC purchased 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 & Exchange Commission. The institutional investor purchased 13,633 shares of the construction company's stock, valued at approximately $6,893,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its stake in Dycom Industries by 265,593,055.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 23,903,384 shares of the construction company's stock worth $8,076,953,000 after buying an additional 23,903,375 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Dycom Industries by 27.8% in the 1st quarter. First Trust Advisors LP now owns 798,699 shares of the construction company's stock worth $270,615,000 after acquiring an additional 173,528 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Dycom Industries in the 3rd quarter worth $44,553,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Dycom Industries by 24.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 558,519 shares of the construction company's stock worth $188,725,000 after acquiring an additional 110,065 shares during the period. Finally, Peconic Partners LLC raised its holdings in shares of Dycom Industries by 2.8% during the 2nd quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company's stock worth $933,038,000 after acquiring an additional 105,586 shares during the period. Institutional investors and hedge funds own 98.33% of the company's stock.
Dycom Industries Price Performance
DY opened at $419.45 on Friday. The stock's 50-day moving average price is $436.29 and its 200 day moving average price is $414.17. Dycom Industries, Inc. has a 12-month low of $233.00 and a 12-month high of $566.47. The firm has a market cap of $12.60 billion, a price-to-earnings ratio of 39.91, a PEG ratio of 0.74 and a beta of 1.54. The company has a current ratio of 2.58, a quick ratio of 2.46 and a debt-to-equity ratio of 1.48.
Dycom Industries (NYSE:DY - Get Free Report) last released its earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share for the quarter, beating the consensus estimate of $2.73 by $1.69. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.67 billion. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.Dycom Industries's revenue was up 56.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.09 EPS. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. As a group, sell-side analysts expect that Dycom Industries, Inc. will post 15.45 earnings per share for the current year.
Analyst Ratings Changes
Several research analysts have recently weighed in on the stock. Wedbush set a $654.00 price target on shares of Dycom Industries in a research report on Friday, May 29th. Cantor Fitzgerald raised their price objective on shares of Dycom Industries from $436.00 to $654.00 and gave the stock an "overweight" rating in a research report on Friday, May 29th. Zacks Research downgraded shares of Dycom Industries from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. Wells Fargo & Company boosted their target price on shares of Dycom Industries from $500.00 to $650.00 and gave the company an "overweight" rating in a report on Thursday, May 28th. Finally, Weiss Ratings raised shares of Dycom Industries from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $554.92.
Check Out Our Latest Stock 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.
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