2,539 Shares in Dycom Industries, Inc. $DY Bought by Cetera Investment Advisers

Key Points

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Cetera Investment Advisers acquired a new position in Dycom Industries, Inc. (NYSE:DY - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,539 shares of the construction company's stock, valued at approximately $387,000.

Other hedge funds have also added to or reduced their stakes in the company. Versant Capital Management Inc purchased a new stake in Dycom Industries during the 1st quarter valued at $28,000. GeoWealth Management LLC raised its stake in Dycom Industries by 35.9% during the 4th quarter. GeoWealth Management LLC now owns 348 shares of the construction company's stock valued at $61,000 after buying an additional 92 shares during the last quarter. Archer Investment Corp purchased a new stake in Dycom Industries during the 1st quarter valued at $99,000. Lazard Asset Management LLC raised its stake in Dycom Industries by 1,775.0% during the 4th quarter. Lazard Asset Management LLC now owns 675 shares of the construction company's stock valued at $117,000 after buying an additional 639 shares during the last quarter. Finally, CWM LLC raised its stake in Dycom Industries by 40.7% during the 1st quarter. CWM LLC now owns 785 shares of the construction company's stock valued at $120,000 after buying an additional 227 shares during the last quarter. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. B. Riley boosted their target price on shares of Dycom Industries from $200.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. JPMorgan Chase & Co. boosted their target price on shares of Dycom Industries from $250.00 to $275.00 and gave the company an "overweight" rating in a research note on Thursday. Raymond James Financial boosted their target price on shares of Dycom Industries from $290.00 to $300.00 and gave the company a "strong-buy" rating in a research note on Thursday. DA Davidson boosted their target price on shares of Dycom Industries from $265.00 to $300.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Wells Fargo & Company boosted their target price on shares of Dycom Industries from $250.00 to $295.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $289.43.

Dycom Industries Stock Performance

Shares of DY stock traded down $4.39 during mid-day trading on Friday, reaching $257.80. 541,533 shares of the company's stock traded hands, compared to its average volume of 413,670. The firm has a market capitalization of $7.46 billion, a PE ratio of 28.97, a price-to-earnings-growth ratio of 1.47 and a beta of 1.34. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.68 and a current ratio of 3.16. The firm has a 50 day moving average price of $255.98 and a two-hundred day moving average price of $205.33. Dycom Industries, Inc. has a 12 month low of $131.37 and a 12 month high of $285.64.

Dycom Industries (NYSE:DY - Get Free Report) last issued its earnings results on Wednesday, August 20th. The construction company reported $3.33 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.41. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.41 billion. Dycom Industries had a net margin of 5.23% and a return on equity of 21.17%. Dycom Industries's quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.46 EPS. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. On average, research analysts forecast that Dycom Industries, Inc. will post 7.13 EPS for the current year.

Dycom Industries Profile

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.