Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Dycom Industries, Inc. (NYSE:DY - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,784 shares of the construction company's stock, valued at approximately $1,913,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. OneDigital Investment Advisors LLC acquired a new position in Dycom Industries during the 2nd quarter valued at about $332,000. Simplicity Wealth LLC acquired a new stake in shares of Dycom Industries in the 2nd quarter worth approximately $1,787,000. Tulsa Wealth Advisors INC bought a new position in shares of Dycom Industries in the second quarter valued at approximately $683,000. Global Retirement Partners LLC bought a new position in shares of Dycom Industries in the second quarter valued at approximately $345,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Dycom Industries during the second quarter valued at approximately $90,216,000. Institutional investors own 98.33% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts recently commented on DY shares. KeyCorp boosted their target price on Dycom Industries from $482.00 to $610.00 and gave the stock an "overweight" rating in a report on Monday, June 1st. Zacks Research lowered Dycom Industries from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. Weiss Ratings raised Dycom Industries from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, August 13th. Wells Fargo & Company boosted their price objective on Dycom Industries from $500.00 to $650.00 and gave the stock an "overweight" rating in a research note on Thursday, May 28th. Finally, Cantor Fitzgerald raised their target price on Dycom Industries from $436.00 to $654.00 and gave the company an "overweight" rating in a research note on Friday, May 29th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $578.09.
Read Our Latest Analysis on Dycom Industries
Dycom Industries Trading Down 1.7%
Shares of NYSE:DY opened at $393.24 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 stock has a market capitalization of $11.81 billion, a price-to-earnings ratio of 37.42, a PEG ratio of 0.71 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 50 day moving average price of $431.31 and a 200 day moving average price of $415.56.
Dycom Industries (NYSE:DY - Get Free Report) last posted its quarterly earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.73 by $1.69. The company had revenue of $1.96 billion for the quarter, compared to analysts' expectations of $1.67 billion. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.The firm's revenue was up 56.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.09 earnings per share. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. On average, research analysts anticipate that Dycom Industries, Inc. will post 15.45 EPS for the current fiscal year.
Dycom Industries Company 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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