SG Americas Securities LLC Decreases Stock Holdings in Dycom Industries, Inc. $DY

SG Americas Securities LLC lowered its holdings in Dycom Industries, Inc. (NYSE:DY) by 81.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,576 shares of the construction company’s stock after selling 11,148 shares during the period. SG Americas Securities LLC’s holdings in Dycom Industries were worth $873,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Kemnay Advisory Services Inc. purchased a new stake in Dycom Industries during the 4th quarter worth $30,000. Sound Income Strategies LLC acquired a new stake in Dycom Industries in the 4th quarter valued at $32,000. CI Investments Inc. raised its position in Dycom Industries by 259.4% in the third quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock valued at $34,000 after purchasing an additional 83 shares during the period. Acumen Wealth Advisors LLC purchased a new position in Dycom Industries in the fourth quarter valued at about $35,000. Finally, Legacy Wealth Managment LLC ID acquired a new position in shares of Dycom Industries during the fourth quarter worth about $39,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on DY shares. Wedbush set a $654.00 target price on Dycom Industries in a research report on Friday, May 29th. Wells Fargo & Company boosted their price target on Dycom Industries from $500.00 to $650.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. upped their price target on Dycom Industries from $415.00 to $650.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Guggenheim increased their price objective 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. Finally, UBS Group reiterated a “buy” rating and set a $611.00 price objective on shares of Dycom Industries in a research note on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $554.92.

Dycom Industries Stock Performance

Shares of DY opened at $437.24 on Monday. The firm has a market cap of $13.13 billion, a price-to-earnings ratio of 41.60, a PEG ratio of 0.77 and a beta of 1.50. 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 business’s 50 day moving average is $453.62 and its two-hundred day moving average is $401.35. Dycom Industries, Inc. has a 52-week low of $233.00 and a 52-week high of $566.47.

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

Dycom Industries Company 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.