Wealth Enhancement Advisory Services LLC Takes Position in Dycom Industries, Inc. $DY

Key Points

• Wealth Enhancement Advisory Services LLC has acquired a new stake in Dycom Industries, Inc. valued at approximately $288,000 by purchasing 1,151 shares in the 2nd quarter.
• Dycom Industries reported $3.33 EPS for its recent quarter, exceeding analysts' expectations of $2.92, with a year-over-year revenue increase of 14.5%.
• Several analysts have raised their price targets for Dycom Industries, with Bank of America increasing its target from $299.00 to $310.00 and assessing the stock with a "buy" rating.

Wealth Enhancement Advisory Services LLC acquired a new stake in Dycom Industries, Inc. (NYSE:DY - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 1,151 shares of the construction company's stock, valued at approximately $288,000.

Other institutional investors and hedge funds have also modified their holdings of the company. AlphaQuest LLC acquired a new position in shares of Dycom Industries in the 1st quarter valued at approximately $37,000. Federated Hermes Inc. grew its position in shares of Dycom Industries by 27.1% in 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 during the period. Caitong International Asset Management Co. Ltd grew its position in shares of Dycom Industries by 370.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 607 shares of the construction company's stock valued at $92,000 after purchasing an additional 478 shares during the period. Archer Investment Corp acquired a new position in shares of Dycom Industries in the 1st quarter valued at approximately $99,000. Finally, CWM LLC grew its position in shares of Dycom Industries by 40.7% in the 1st quarter. CWM LLC now owns 785 shares of the construction company's stock valued at $120,000 after purchasing an additional 227 shares during the period. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Dycom Industries Stock Performance

Shares of DY stock opened at $293.86 on Thursday. The business's 50-day moving average price is $268.41 and its 200-day moving average price is $228.20. Dycom Industries, Inc. has a 12 month low of $131.37 and a 12 month high of $300.00. The firm has a market capitalization of $8.51 billion, a price-to-earnings ratio of 33.02, a PEG 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 quarterly earnings results on Wednesday, August 20th. The construction company reported $3.33 EPS for the quarter, beating analysts' consensus estimates of $2.92 by $0.41. Dycom Industries had a return on equity of 21.17% and a net margin of 5.23%.The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period last year, the firm posted $2.46 earnings per share. The business'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. Equities research analysts forecast that Dycom Industries, Inc. will post 7.13 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Zacks Research upgraded Dycom Industries to a "hold" rating in a research report on Monday, August 11th. Bank of America upped their price target on Dycom Industries from $299.00 to $310.00 and gave the stock a "buy" rating in a research report on Monday, September 29th. KeyCorp upped their price target on Dycom Industries from $255.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. JPMorgan Chase & Co. upped their price target on Dycom Industries from $250.00 to $275.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Finally, Raymond James Financial upped their price target on Dycom Industries from $290.00 to $300.00 and gave the stock a "strong-buy" rating in a research report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Dycom Industries presently has an average rating of "Buy" and a consensus target price of $293.25.

About Dycom Industries

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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