IVC Wealth Advisors LLC bought a new stake in Dycom Industries, Inc. (NYSE:DY - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,320 shares of the construction company's stock, valued at approximately $323,000.
A number of other institutional investors have also recently added to or reduced their stakes in DY. Versant Capital Management Inc acquired a new stake in Dycom Industries in the first quarter valued at approximately $28,000. AlphaQuest LLC acquired a new stake in shares of Dycom Industries in the first quarter worth $37,000. Federated Hermes Inc. lifted its stake in shares of Dycom Industries by 27.1% in the first quarter. Federated Hermes Inc. now owns 492 shares of the construction company's stock worth $75,000 after buying an additional 105 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of Dycom Industries by 370.5% in the first quarter. Caitong International Asset Management Co. Ltd now owns 607 shares of the construction company's stock worth $92,000 after buying an additional 478 shares during the last quarter. Finally, Archer Investment Corp acquired a new stake in shares of Dycom Industries in the first quarter worth $99,000. 98.33% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the stock. Weiss Ratings restated a "buy (b)" rating on shares of Dycom Industries in a research note on Saturday, September 27th. Raymond James Financial boosted their price objective on shares of Dycom Industries from $290.00 to $300.00 and gave the stock a "strong-buy" rating in a research note on Thursday, August 21st. KeyCorp boosted their price objective on shares of Dycom Industries from $255.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Wells Fargo & Company boosted their price objective on shares of Dycom Industries from $295.00 to $305.00 and gave the stock an "overweight" rating in a research note on Friday, September 26th. Finally, Wall Street Zen upgraded shares of Dycom Industries from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $293.25.
Check Out Our Latest Report on Dycom Industries
Dycom Industries Trading Down 1.7%
Shares of DY stock opened at $286.58 on Friday. Dycom Industries, Inc. has a 1 year low of $131.37 and a 1 year high of $300.00. The firm's fifty day simple moving average is $267.07 and its 200 day simple moving average is $225.95. The firm has a market capitalization of $8.30 billion, a P/E ratio of 32.20, a price-to-earnings-growth ratio of 1.37 and a beta of 1.15. The company has a current ratio of 3.16, a quick ratio of 2.96 and a debt-to-equity ratio of 0.74.
Dycom Industries (NYSE:DY - Get Free Report) last announced its earnings results on Wednesday, August 20th. The construction company reported $3.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.92 by $0.41. Dycom Industries had a net margin of 5.23% and a return on equity of 21.17%. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the previous year, the firm posted $2.46 earnings per share. Dycom Industries's revenue was up 14.5% compared to the same quarter last year. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. As a group, sell-side analysts predict that Dycom Industries, Inc. will post 7.13 EPS for the current year.
Dycom Industries Company Profile
(
Free Report)
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.
Featured Articles
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 and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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 Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
