Independent Advisor Alliance Buys 6,861 Shares of Dycom Industries, Inc. $DY

Independent Advisor Alliance raised its stake in Dycom Industries, Inc. (NYSE:DY) by 930.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,598 shares of the construction company’s stock after acquiring an additional 6,861 shares during the quarter. Independent Advisor Alliance’s holdings in Dycom Industries were worth $2,567,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Root Financial Partners LLC bought a new position in shares of Dycom Industries during the third quarter worth approximately $26,000. Optiver Holding B.V. increased its holdings in shares of Dycom Industries by 57.1% during the third quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock worth $32,000 after purchasing an additional 40 shares during the period. Sound Income Strategies LLC bought a new position in shares of Dycom Industries during the fourth quarter worth approximately $32,000. CI Investments Inc. increased its holdings in shares of Dycom Industries by 259.4% during the third quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock worth $34,000 after purchasing an additional 83 shares during the period. Finally, UMB Bank n.a. increased its holdings in shares of Dycom Industries by 57.3% during the third quarter. UMB Bank n.a. now owns 129 shares of the construction company’s stock worth $38,000 after purchasing an additional 47 shares during the period. 98.33% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Bank of America increased 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. Wall Street Zen lowered shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 7th. Zacks Research upgraded shares of Dycom Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Cantor Fitzgerald reiterated an “overweight” rating and set a $436.00 price target on shares of Dycom Industries in a research report on Friday, March 27th. Finally, Guggenheim assumed 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. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $431.64.

Dycom Industries Price Performance

Shares of NYSE:DY opened at $450.74 on Friday. The firm has a market cap of $13.53 billion, a PE ratio of 46.95, a price-to-earnings-growth ratio of 1.02 and a beta of 1.46. The firm’s fifty day moving average is $383.39 and its 200-day moving average is $364.83. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.61 and a current ratio of 2.74. Dycom Industries, Inc. has a 52 week low of $186.42 and a 52 week high of $464.82.

Dycom Industries (NYSE:DY) last announced its earnings results on Wednesday, March 4th. The construction company reported $2.03 earnings per share 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 business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the firm earned $1.17 earnings per share. Dycom Industries’s quarterly 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. Sell-side analysts predict that Dycom Industries, Inc. will post 12.88 earnings per share for the current 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.