Union Bancaire Privee UBP SA Buys 5,610 Shares of Dycom Industries, Inc. $DY

Union Bancaire Privee UBP SA boosted its position in shares of Dycom Industries, Inc. (NYSE:DY) by 190.7% during the 1st quarter, Holdings Channel reports. The institutional investor owned 8,552 shares of the construction company’s stock after purchasing an additional 5,610 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Dycom Industries were worth $2,898,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Sound Income Strategies LLC acquired a new stake in shares of Dycom Industries in the 4th quarter valued at $32,000. Kemnay Advisory Services Inc. bought a new stake in shares of Dycom Industries during the fourth quarter worth $30,000. Acumen Wealth Advisors LLC acquired a new position in shares of Dycom Industries during the fourth quarter valued at $35,000. Optiver Holding B.V. lifted its stake 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 valued at $32,000 after acquiring an additional 40 shares during the period. Finally, CI Investments Inc. boosted its holdings in Dycom Industries by 259.4% in the third quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock valued at $34,000 after acquiring an additional 83 shares during the last quarter. 98.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DY. Guggenheim lifted their price objective on Dycom Industries from $575.00 to $620.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Cantor Fitzgerald upped their target price on shares of Dycom Industries from $436.00 to $654.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. B. Riley Financial raised their target price on shares of Dycom Industries from $485.00 to $625.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Wedbush set a $654.00 price target on shares of Dycom Industries in a research note on Friday, May 29th. Finally, Zacks Research upgraded shares of Dycom Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. 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 MarketBeat, the company has an average rating of “Buy” and an average target price of $554.92.

Dycom Industries Trading Down 0.9%

NYSE DY opened at $489.10 on Friday. The stock has a 50-day simple moving average of $446.92 and a 200 day simple moving average of $396.83. The company has a market capitalization of $14.69 billion, a PE ratio of 46.54, a P/E/G ratio of 0.86 and a beta of 1.49. The company has a current ratio of 2.58, a quick ratio of 2.46 and a debt-to-equity ratio of 1.48. Dycom Industries, Inc. has a 12 month low of $233.00 and a 12 month high of $566.47.

Dycom Industries (NYSE:DY) last released its earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share 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 for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the prior year, the firm posted $2.09 earnings per share. The company’s quarterly revenue was up 56.1% on a year-over-year basis. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. Research analysts forecast that Dycom Industries, Inc. will post 15.42 EPS 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.