Dycom Industries, Inc. $DY Shares Acquired by First Trust Advisors LP

First Trust Advisors LP lifted its stake in Dycom Industries, Inc. (NYSE:DY) by 27.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 798,699 shares of the construction company’s stock after buying an additional 173,528 shares during the quarter. First Trust Advisors LP owned approximately 2.66% of Dycom Industries worth $270,615,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wilson Asset Management International PTY Ltd. acquired a new position in shares of Dycom Industries in the 4th quarter valued at $1,014,000. Norges Bank purchased a new position in Dycom Industries in the fourth quarter valued at $19,335,000. Horizon Investments LLC increased its holdings in Dycom Industries by 43.0% in the fourth quarter. Horizon Investments LLC now owns 16,907 shares of the construction company’s stock valued at $5,713,000 after buying an additional 5,086 shares in the last quarter. Hillsdale Investment Management Inc. raised its position in shares of Dycom Industries by 82,666.7% in the fourth quarter. Hillsdale Investment Management Inc. now owns 24,830 shares of the construction company’s stock worth $8,390,000 after acquiring an additional 24,800 shares during the period. Finally, SteelPeak Wealth LLC acquired a new position in shares of Dycom Industries in the fourth quarter worth about $2,208,000. 98.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on DY. Guggenheim raised their target price on Dycom Industries from $575.00 to $620.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. KeyCorp upped their price target on Dycom Industries from $482.00 to $610.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Wall Street Zen raised Dycom Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 6th. B. Riley Financial increased their price target on Dycom Industries from $485.00 to $625.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Finally, Wedbush set a $654.00 price objective on Dycom Industries in a report on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $554.92.

Dycom Industries Trading Up 2.5%

Shares of Dycom Industries stock opened at $433.78 on Thursday. The stock has a market cap of $13.03 billion, a P/E ratio of 41.27, a P/E/G ratio of 0.75 and a beta of 1.50. The stock’s 50 day simple moving average is $452.46 and its 200-day simple moving average is $408.32. Dycom Industries, Inc. has a 1-year low of $233.00 and a 1-year high of $566.47. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.58 and a quick ratio of 2.46.

Dycom Industries (NYSE:DY) last posted 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. 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 analysts’ expectations of $1.67 billion. During the same quarter last year, the firm earned $2.09 earnings per share. The business’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. Analysts predict 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.