Dycom Industries, Inc. $DY Shares Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC raised its stake in Dycom Industries, Inc. (NYSE:DY) by 486.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,881 shares of the construction company’s stock after acquiring an additional 6,538 shares during the period. New Age Alpha Advisors LLC’s holdings in Dycom Industries were worth $2,663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its holdings in shares of Dycom Industries by 17.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the construction company’s stock valued at $69,000 after buying an additional 30 shares during the last quarter. First Bank & Trust raised its holdings in shares of Dycom Industries by 1.6% in the fourth quarter. First Bank & Trust now owns 2,106 shares of the construction company’s stock valued at $712,000 after buying an additional 33 shares during the last quarter. CWM LLC raised its holdings in shares of Dycom Industries by 1.9% in the fourth quarter. CWM LLC now owns 1,956 shares of the construction company’s stock valued at $661,000 after buying an additional 36 shares during the last quarter. Optiver Holding B.V. raised its holdings in shares of Dycom Industries by 57.1% in the third quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock valued at $32,000 after buying an additional 40 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Dycom Industries by 57.3% in the third quarter. UMB Bank n.a. now owns 129 shares of the construction company’s stock valued at $38,000 after buying an additional 47 shares during the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries Trading Up 2.5%

NYSE DY opened at $421.68 on Wednesday. The stock has a market capitalization of $12.66 billion, a P/E ratio of 43.93, a P/E/G ratio of 0.94 and a beta of 1.46. Dycom Industries, Inc. has a 52-week low of $223.19 and a 52-week high of $464.82. The firm has a 50-day moving average price of $392.07 and a 200 day moving average price of $372.25. The company has a quick ratio of 2.61, a current ratio of 2.74 and a debt-to-equity ratio of 1.51.

Dycom Industries (NYSE:DY) last posted its quarterly earnings results on Wednesday, March 4th. The construction company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.12. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Dycom Industries had a net margin of 5.07% and a return on equity of 21.77%. The firm’s revenue for the quarter was up 34.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.17 earnings per share. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. Equities research analysts expect that Dycom Industries, Inc. will post 12.89 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Bank of America upped their target price on shares of Dycom Industries from $365.00 to $475.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. Wall Street Zen cut shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 7th. Zacks Research raised shares of Dycom Industries from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. UBS Group set a $475.00 price target on shares of Dycom Industries and gave the stock a “buy” rating in a report on Friday, March 6th. Finally, B. Riley Financial increased their price target on shares of Dycom Industries from $420.00 to $485.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target 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.