Hillsdale Investment Management Inc. Acquires 24,800 Shares of Dycom Industries, Inc. $DY

Hillsdale Investment Management Inc. boosted its position in shares of Dycom Industries, Inc. (NYSE:DY) by 82,666.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,830 shares of the construction company’s stock after buying an additional 24,800 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Dycom Industries were worth $8,390,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Optiver Holding B.V. boosted its stake in 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 buying an additional 40 shares during the period. Sound Income Strategies LLC purchased a new position in Dycom Industries during the fourth quarter worth $32,000. CI Investments Inc. boosted its stake in 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 buying an additional 83 shares during the period. UMB Bank n.a. boosted its stake in 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 buying an additional 47 shares during the period. Finally, Legacy Wealth Managment LLC ID purchased a new position in Dycom Industries during the fourth quarter worth $39,000. 98.33% of the stock is owned by hedge funds and other institutional investors.

More Dycom Industries News

Here are the key news stories impacting Dycom Industries this week:

• Positive Sentiment: Dycom’s blockbuster Q1 results showed EPS of $4.42 versus $2.73 expected and revenue of $1.96 billion versus $1.67 billion expected, reinforcing momentum in its telecom and utility construction business. Dycom Industries Stock Just Skyrocketed. It’s the Latest Winner from Data Center Demand.
• Positive Sentiment: JPMorgan raised its price target to $650 from $415 and kept an overweight rating, signaling confidence that the stock still has meaningful upside after the recent rally.
• Positive Sentiment: B. Riley, Wells Fargo, and Guggenheim all boosted their targets into the $620-$650 range, with buy or overweight ratings, adding to the bullish sentiment around Dycom’s growth outlook.
• Positive Sentiment: The stock hit a 52-week high and continued attracting attention from investors following multiple upbeat commentary pieces suggesting the run may not be over. Dycom Industries, Inc. (DY) Hit a 52 Week High, Can the Run Continue?
• Neutral Sentiment: Recent analysis pieces, including a Seeking Alpha Q1 review, focused on whether the post-earnings momentum can continue, but did not indicate any new negative catalyst.

Dycom Industries Trading Down 4.8%

NYSE DY opened at $509.32 on Friday. The company’s 50-day moving average price is $402.05 and its 200-day moving average price is $376.65. The company has a current ratio of 2.58, a quick ratio of 2.61 and a debt-to-equity ratio of 1.48. The stock has a market cap of $15.29 billion, a PE ratio of 48.46, a PEG ratio of 1.23 and a beta of 1.46. Dycom Industries, Inc. has a 12 month low of $225.34 and a 12 month high of $566.47.

Dycom Industries (NYSE:DY) last posted its quarterly earnings results on Wednesday, May 27th. The construction company reported $4.42 EPS for the quarter, topping analysts’ consensus estimates of $2.73 by $1.69. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The business’s revenue for the quarter was up 56.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.09 earnings per share. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. Equities research analysts forecast that Dycom Industries, Inc. will post 12.89 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on DY shares. Guggenheim lifted their price objective on shares of Dycom Industries from $575.00 to $620.00 and gave the stock a “buy” rating in a research note on Thursday. Zacks Research raised shares of Dycom Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Wall Street Zen lowered shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th. KeyCorp lifted their price objective on shares of Dycom Industries from $426.00 to $482.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. Finally, UBS Group reaffirmed a “buy” rating and set a $611.00 price objective on shares of Dycom Industries in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $544.25.

About Dycom Industries

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.