Tulsa Wealth Advisors INC Purchases New Position in Dycom Industries, Inc. $DY

Tulsa Wealth Advisors INC purchased a new stake in Dycom Industries, Inc. (NYSE:DY) during the second quarter, Holdings Channel reports. The firm purchased 1,350 shares of the construction company’s stock, valued at approximately $683,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. increased its position in shares of Dycom Industries by 265,593,055.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 23,903,384 shares of the construction company’s stock worth $8,076,953,000 after purchasing an additional 23,903,375 shares in the last quarter. Peconic Partners LLC boosted its position in Dycom Industries by 2.8% in the second quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock valued at $933,038,000 after buying an additional 105,586 shares in the last quarter. First Trust Advisors LP boosted its position in Dycom Industries by 27.8% in the first quarter. First Trust Advisors LP now owns 798,699 shares of the construction company’s stock valued at $270,615,000 after buying an additional 173,528 shares in the last quarter. Geode Capital Management LLC grew its stake in Dycom Industries by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 727,238 shares of the construction company’s stock worth $245,771,000 after buying an additional 53,993 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Dycom Industries by 24.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 558,519 shares of the construction company’s stock worth $188,725,000 after buying an additional 110,065 shares during the last quarter. 98.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on DY. UBS Group reaffirmed a “buy” rating on shares of Dycom Industries in a report on Friday, July 24th. B. Riley Financial boosted their target price on Dycom Industries from $485.00 to $625.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. JPMorgan Chase & Co. increased their price target on Dycom Industries from $415.00 to $650.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Guggenheim raised their price target on Dycom Industries from $575.00 to $620.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Finally, Wells Fargo & Company lifted their price objective on Dycom Industries from $500.00 to $650.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $554.92.

Dycom Industries Trading Up 0.1%

DY opened at $419.45 on Monday. Dycom Industries, Inc. has a 1-year low of $233.00 and a 1-year high of $566.47. The stock has a market capitalization of $12.60 billion, a PE ratio of 39.91, a PEG ratio of 0.74 and a beta of 1.54. The company has a current ratio of 2.58, a quick ratio of 2.46 and a debt-to-equity ratio of 1.48. The firm has a 50-day moving average price of $436.29 and a two-hundred day moving average price of $414.47.

Dycom Industries (NYSE:DY) last released its quarterly earnings results on Wednesday, May 27th. The construction company reported $4.42 EPS for the quarter, beating the consensus estimate of $2.73 by $1.69. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. Dycom Industries’s revenue was up 56.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.09 earnings per share. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. As a group, equities analysts anticipate that Dycom Industries, Inc. will post 15.45 earnings per share 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.