1,437 Shares in Dycom Industries, Inc. $DY Bought by Optimize Financial Inc

Key Points

• Optimize Financial Inc. has acquired a new stake in Dycom Industries, purchasing 1,437 shares valued at approximately $219,000 in the first quarter.
• Several institutional investors have also increased their positions in Dycom Industries, with ownership among hedge funds and other institutional investors now at 98.33%.
• Analyst upgrades have raised target prices for Dycom Industries, with some firms increasing targets up to $300.00, reflecting a positive outlook for the stock.

Optimize Financial Inc acquired a new stake in Dycom Industries, Inc. (NYSE:DY - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,437 shares of the construction company's stock, valued at approximately $219,000.

A number of other hedge funds have also recently modified their holdings of the company. KBC Group NV boosted its stake in shares of Dycom Industries by 18.9% during the 1st quarter. KBC Group NV now owns 1,443 shares of the construction company's stock valued at $220,000 after purchasing an additional 229 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Dycom Industries during the 1st quarter valued at about $342,000. Public Employees Retirement System of Ohio boosted its stake in shares of Dycom Industries by 105.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,114 shares of the construction company's stock valued at $194,000 after purchasing an additional 572 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of Dycom Industries by 27.1% during the 1st quarter. Federated Hermes Inc. now owns 492 shares of the construction company's stock valued at $75,000 after purchasing an additional 105 shares in the last quarter. Finally, Cetera Investment Advisers bought a new stake in shares of Dycom Industries during the 1st quarter valued at about $387,000. Hedge funds and other institutional investors own 98.33% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. 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. UBS Group boosted their price objective on shares of Dycom Industries from $288.00 to $296.00 and gave the company a "buy" rating in a report on Thursday, August 21st. JPMorgan Chase & Co. upped their target price on shares of Dycom Industries from $250.00 to $275.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Wall Street Zen raised shares of Dycom Industries from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. Finally, Wells Fargo & Company increased their price objective on shares of Dycom Industries from $250.00 to $295.00 and gave the stock an "overweight" rating in a research note on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Dycom Industries has an average rating of "Buy" and a consensus price target of $289.43.

Dycom Industries Trading Down 0.7%

Shares of Dycom Industries stock traded down $1.84 during trading on Monday, hitting $256.01. The stock had a trading volume of 97,446 shares, compared to its average volume of 435,633. Dycom Industries, Inc. has a 12 month low of $131.37 and a 12 month high of $285.64. The firm's fifty day simple moving average is $260.17 and its 200-day simple moving average is $213.20. The stock has a market cap of $7.41 billion, a PE ratio of 28.77, a PEG ratio of 1.24 and a beta of 1.18. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.16 and a quick ratio of 2.96.

Dycom Industries (NYSE:DY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 20th. The construction company reported $3.33 earnings per share for the quarter, beating 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 company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the business posted $2.46 EPS. The firm's revenue for the quarter was up 14.5% on a year-over-year basis. 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 expect that Dycom Industries, Inc. will post 7.13 EPS for the current fiscal year.

Dycom Industries Company 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.