Spire Wealth Management Takes $748,000 Position in Dycom Industries, Inc. $DY

Spire Wealth Management acquired a new stake in shares of Dycom Industries, Inc. (NYSE:DY) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,062 shares of the construction company’s stock, valued at approximately $748,000.

A number of other institutional investors and hedge funds also recently modified their holdings of DY. AlphaQuest LLC acquired a new stake in shares of Dycom Industries during the 1st quarter valued at $37,000. Federated Hermes Inc. lifted its position in shares of 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 last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Dycom Industries by 370.5% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 607 shares of the construction company’s stock valued at $92,000 after acquiring an additional 478 shares during the last quarter. Archer Investment Corp acquired a new stake in shares of Dycom Industries during the 1st quarter valued at $99,000. Finally, CWM LLC lifted its holdings in shares of Dycom Industries by 40.7% in the first quarter. CWM LLC now owns 785 shares of the construction company’s stock valued at $120,000 after purchasing an additional 227 shares in the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries Price Performance

Shares of NYSE:DY opened at $287.59 on Friday. 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, Inc. has a 1 year low of $131.37 and a 1 year high of $301.88. The business has a fifty day simple moving average of $275.27 and a 200 day simple moving average of $245.62. The firm has a market cap of $8.33 billion, a price-to-earnings ratio of 32.31, a P/E/G ratio of 1.38 and a beta of 1.15.

Dycom Industries (NYSE:DY) last announced its quarterly earnings data on Wednesday, August 20th. The construction company reported $3.33 earnings per share (EPS) 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 analyst estimates of $1.41 billion. During the same period last year, the company earned $2.46 earnings per share. Dycom Industries’s quarterly revenue 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. As a group, sell-side analysts predict that Dycom Industries, Inc. will post 7.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DY has been the subject of several recent analyst reports. DA Davidson raised their target price on Dycom Industries from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, August 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Dycom Industries in a research report on Wednesday, October 8th. Raymond James Financial raised their target price 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. JPMorgan Chase & Co. raised their target price 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, Wells Fargo & Company raised their target price on Dycom Industries from $295.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, September 26th. Two research analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $301.38.

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.