Swmg LLC Takes $237,000 Position in Dycom Industries, Inc. $DY

Key Points

• Swmg LLC acquired a new stake in Dycom Industries, Inc., purchasing 896 shares valued at approximately $237,000 during the 2nd quarter.
• Dycom Industries reported earnings of $3.33 per share for the last quarter, exceeding analysts' expectations of $2.92, with a revenue of $1.38 billion.
• Several research firms, including Bank of America and UBS Group, have recently raised their price targets on Dycom Industries to as high as $336.00, reflecting strong investor confidence.

Swmg LLC bought a new stake in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 896 shares of the construction company's stock, valued at approximately $237,000.

Other large investors have also recently modified their holdings of the company. KBC Group NV increased its position 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 during the last quarter. SG Americas Securities LLC bought a new position in shares of Dycom Industries during the 1st quarter valued at approximately $342,000. Cetera Investment Advisers bought a new position in shares of Dycom Industries during the 1st quarter valued at approximately $387,000. Federated Hermes Inc. boosted its holdings in 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 acquiring an additional 105 shares during the period. Finally, Greenleaf Trust purchased a new position in Dycom Industries during the 2nd quarter valued at $246,000. Institutional investors own 98.33% of the company's stock.

Dycom Industries Price Performance

Shares of DY stock opened at $292.42 on Friday. Dycom Industries, Inc. has a twelve month low of $131.37 and a twelve month high of $301.88. The stock has a market capitalization of $8.47 billion, a price-to-earnings ratio of 32.86, a P/E/G ratio of 1.40 and a beta of 1.15. The stock has a fifty day simple moving average of $271.52 and a two-hundred day simple moving average of $235.28. 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 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. Dycom Industries had a return on equity of 21.17% and a net margin of 5.23%.The business had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.41 billion. During the same period in the prior year, the business earned $2.46 EPS. The business's revenue for the quarter 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. On average, analysts predict that Dycom Industries, Inc. will post 7.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DY. Weiss Ratings restated a "buy (b)" rating on shares of Dycom Industries in a report on Wednesday, October 8th. Bank of America boosted their price objective on Dycom Industries from $299.00 to $310.00 and gave the company a "buy" rating in a report on Monday, September 29th. DA Davidson boosted their price objective on Dycom Industries from $265.00 to $300.00 and gave the company a "buy" rating in a report on Thursday, August 21st. UBS Group boosted their price objective on Dycom Industries from $296.00 to $336.00 and gave the company a "buy" rating in a report on Monday, October 13th. Finally, Wall Street Zen upgraded Dycom Industries from a "hold" rating to a "buy" rating in a report on Friday, August 22nd. Two analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $298.25.

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.

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