LMG Wealth Partners LLC Takes Position in Dycom Industries, Inc. $DY

LMG Wealth Partners LLC bought a new position in shares of Dycom Industries, Inc. (NYSE:DY) during the first quarter, Holdings Channel.com reports. The fund bought 3,391 shares of the construction company’s stock, valued at approximately $1,149,000.

A number of other institutional investors also recently added to or reduced their stakes in DY. Jones Financial Companies Lllp raised its holdings in shares of Dycom Industries by 4,626.1% in the 1st quarter. Jones Financial Companies Lllp now owns 2,174 shares of the construction company’s stock valued at $331,000 after purchasing an additional 2,128 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Dycom Industries by 7.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 69,726 shares of the construction company’s stock valued at $10,622,000 after buying an additional 4,985 shares in the last quarter. Invesco Ltd. raised its stake in Dycom Industries by 7.0% in the second quarter. Invesco Ltd. now owns 227,127 shares of the construction company’s stock valued at $55,508,000 after buying an additional 14,891 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Dycom Industries by 73.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock worth $39,000 after acquiring an additional 68 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in shares of Dycom Industries by 8.9% during the 2nd quarter. Cerity Partners LLC now owns 2,239 shares of the construction company’s stock worth $547,000 after acquiring an additional 183 shares in the last quarter. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Dycom Industries Stock Performance

NYSE DY opened at $469.10 on Tuesday. The firm has a market cap of $14.09 billion, a P/E ratio of 44.63, a P/E/G ratio of 0.83 and a beta of 1.49. Dycom Industries, Inc. has a 52-week low of $232.09 and a 52-week high of $566.47. The business’s 50-day moving average price is $439.84 and its 200 day moving average price is $393.48. The company has a quick ratio of 2.46, a current ratio of 2.58 and a debt-to-equity ratio of 1.48.

Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Wednesday, May 27th. The construction company reported $4.42 EPS for the quarter, beating the consensus estimate of $2.73 by $1.69. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the prior year, the business earned $2.09 EPS. The firm’s revenue was up 56.1% compared to the same quarter last year. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. On average, equities research analysts expect that Dycom Industries, Inc. will post 15.03 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Weiss Ratings lowered Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. B. Riley Financial increased their price target on shares of Dycom Industries from $485.00 to $625.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Wedbush set a $654.00 price objective on shares of Dycom Industries in a report on Friday, May 29th. Bank of America upped their target price on shares of Dycom Industries from $365.00 to $475.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. Finally, Guggenheim increased their target price on shares of Dycom Industries from $575.00 to $620.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $554.92.

About Dycom Industries

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.