Vise Technologies Inc. Takes Position in Dycom Industries, Inc. $DY

Vise Technologies Inc. purchased a new position in shares of Dycom Industries, Inc. (NYSE:DY) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,361 shares of the construction company’s stock, valued at approximately $688,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Kemnay Advisory Services Inc. acquired a new stake in Dycom Industries during the 4th quarter worth about $30,000. Harbor Investment Advisory LLC acquired a new position in shares of Dycom Industries in the 2nd quarter valued at about $52,000. Acumen Wealth Advisors LLC acquired a new position in shares of Dycom Industries in the 4th quarter valued at about $35,000. Legacy Wealth Managment LLC ID bought a new stake in shares of Dycom Industries during the 4th quarter valued at about $39,000. Finally, Nemes Rush Group LLC bought a new stake in shares of Dycom Industries during the 4th quarter valued at about $40,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

Wall Street Analyst Weigh In

DY has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on Dycom Industries from $415.00 to $650.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Wall Street Zen downgraded shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 25th. Cantor Fitzgerald lifted their price objective on shares of Dycom Industries from $436.00 to $654.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. B. Riley Financial increased their target price on shares of Dycom Industries from $485.00 to $625.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Finally, UBS Group restated a “buy” rating on shares of Dycom Industries in a report on Friday, July 24th. Eleven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Dycom Industries has an average rating of “Moderate Buy” and a consensus price target of $578.09.

Dycom Industries Stock Up 0.1%

Shares of NYSE:DY opened at $393.24 on Monday. The business’s 50 day simple moving average is $431.31 and its two-hundred day simple moving average is $415.79. The firm has a market cap of $11.81 billion, a P/E ratio of 37.42, a PEG ratio of 0.69 and a beta of 1.54. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.46 and a current ratio of 2.58. Dycom Industries, Inc. has a 52-week low of $242.55 and a 52-week high of $566.47.

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