Dycom Industries, Inc. $DY Stock Position Increased by UBS Group AG

UBS Group AG boosted its position in Dycom Industries, Inc. (NYSE:DY) by 19.7% during the 4th quarter, HoldingsChannel reports. The firm owned 173,432 shares of the construction company’s stock after buying an additional 28,551 shares during the quarter. UBS Group AG’s holdings in Dycom Industries were worth $58,603,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of DY. Jones Financial Companies Lllp lifted its position in Dycom Industries by 4,626.1% in the 1st quarter. Jones Financial Companies Lllp now owns 2,174 shares of the construction company’s stock valued at $331,000 after purchasing an additional 2,128 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Dycom Industries by 7.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 69,726 shares of the construction company’s stock valued at $10,622,000 after purchasing an additional 4,985 shares during the last quarter. Invesco Ltd. lifted its position in Dycom Industries by 7.0% in the 2nd quarter. Invesco Ltd. now owns 227,127 shares of the construction company’s stock valued at $55,508,000 after purchasing an additional 14,891 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Dycom Industries by 73.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock valued at $39,000 after purchasing an additional 68 shares during the last quarter. Finally, Cerity Partners LLC lifted its position in Dycom Industries by 8.9% in the 2nd quarter. Cerity Partners LLC now owns 2,239 shares of the construction company’s stock valued at $547,000 after purchasing an additional 183 shares during the last quarter. 98.33% of the stock is currently owned by institutional investors.

Dycom Industries Stock Up 6.4%

DY stock opened at $456.95 on Wednesday. Dycom Industries, Inc. has a 52 week low of $181.17 and a 52 week high of $463.96. The company has a market capitalization of $13.72 billion, a price-to-earnings ratio of 47.60, a price-to-earnings-growth ratio of 0.99 and a beta of 1.46. The firm’s 50-day moving average is $380.72 and its two-hundred day moving average is $357.52. The company has a current ratio of 2.74, a quick ratio of 2.61 and a debt-to-equity ratio of 1.51.

Dycom Industries (NYSE:DY) last released its quarterly earnings results on Wednesday, March 4th. The construction company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.12. Dycom Industries had a net margin of 5.07% and a return on equity of 21.77%. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the firm earned $1.17 EPS. Dycom Industries’s revenue was up 34.4% on a year-over-year basis. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. On average, analysts forecast that Dycom Industries, Inc. will post 12.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on DY shares. B. Riley Financial boosted their price target on shares of Dycom Industries from $420.00 to $485.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Bank of America boosted their price target on shares of Dycom Industries from $365.00 to $475.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Cantor Fitzgerald restated an “overweight” rating and set a $436.00 price target on shares of Dycom Industries in a research report on Friday, March 27th. Guggenheim started coverage on shares of Dycom Industries in a research report on Thursday, January 22nd. They set a “buy” rating and a $510.00 price target on the stock. Finally, Wall Street Zen downgraded shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 7th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $431.64.

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.