Ritholtz Wealth Management Buys New Holdings in Dycom Industries, Inc. $DY

Ritholtz Wealth Management purchased a new position in Dycom Industries, Inc. (NYSE:DY) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,263 shares of the construction company’s stock, valued at approximately $428,000.

Other institutional investors also recently bought and sold shares of the company. Fifth Third Wealth Advisors LLC boosted its holdings in shares of Dycom Industries by 4.0% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 943 shares of the construction company’s stock valued at $320,000 after acquiring an additional 36 shares during the last quarter. OP Asset Management Ltd purchased a new stake in Dycom Industries in the first quarter valued at $1,568,000. Assenagon Asset Management S.A. acquired a new stake in Dycom Industries during the 1st quarter worth about $220,000. LMG Wealth Partners LLC acquired a new stake in Dycom Industries during the 1st quarter worth about $1,149,000. Finally, Brookstone Capital Management raised its stake in shares of Dycom Industries by 70.8% during the 1st quarter. Brookstone Capital Management now owns 4,178 shares of the construction company’s stock valued at $1,416,000 after buying an additional 1,732 shares during the last quarter. 98.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DY shares. KeyCorp boosted their price objective on Dycom Industries from $482.00 to $610.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Wedbush set a $654.00 target price on Dycom Industries in a report on Friday, May 29th. Wells Fargo & Company lifted their price target on Dycom Industries from $500.00 to $650.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Zacks Research raised Dycom Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. Finally, JPMorgan Chase & Co. upped their price objective on Dycom Industries from $415.00 to $650.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, Dycom Industries presently has an average rating of “Buy” and an average price target of $554.92.

Dycom Industries Trading Down 6.8%

DY stock opened at $471.20 on Thursday. Dycom Industries, Inc. has a 52-week low of $233.00 and a 52-week high of $566.47. The company has a quick ratio of 2.46, a current ratio of 2.58 and a debt-to-equity ratio of 1.48. The firm has a market cap of $14.15 billion, a P/E ratio of 44.83, a PEG ratio of 0.89 and a beta of 1.50. The company’s 50-day simple moving average is $452.39 and its 200-day simple moving average is $400.10.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.73 by $1.69. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the business posted $2.09 earnings per share. Dycom Industries’s revenue for the quarter was up 56.1% on a year-over-year basis. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. As a group, equities analysts forecast that Dycom Industries, Inc. will post 15.42 EPS for the current fiscal year.

Dycom Industries Profile

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.