Dycom Industries, Inc. $DY Shares Purchased by CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its stake in Dycom Industries, Inc. (NYSE:DY) by 140.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,000 shares of the construction company’s stock after acquiring an additional 21,000 shares during the quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings in Dycom Industries were worth $12,198,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Kemnay Advisory Services Inc. acquired a new stake in Dycom Industries during the fourth quarter worth about $30,000. Sound Income Strategies LLC purchased a new position in Dycom Industries in the fourth quarter worth approximately $32,000. CI Investments Inc. grew its holdings in shares of Dycom Industries by 259.4% during the 3rd 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. Acumen Wealth Advisors LLC purchased a new position in shares of Dycom Industries during the 4th quarter worth $35,000. Finally, Legacy Wealth Managment LLC ID purchased a new stake in Dycom Industries in the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Wall Street Analyst Weigh In

DY has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Dycom Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 6th. Guggenheim lifted their target price on shares of Dycom Industries from $575.00 to $620.00 and gave the company a “buy” rating in a report on Thursday, May 28th. JPMorgan Chase & Co. boosted their target price on Dycom Industries from $415.00 to $650.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Cantor Fitzgerald upped their price target on Dycom Industries from $436.00 to $654.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. Finally, B. Riley Financial lifted their price objective on Dycom Industries from $485.00 to $625.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $554.92.

Dycom Industries Trading Down 0.1%

NYSE DY opened at $437.24 on Monday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.46 and a current ratio of 2.58. The firm has a market cap of $13.13 billion, a price-to-earnings ratio of 41.60, a PEG ratio of 0.77 and a beta of 1.50. The firm has a 50 day simple moving average of $453.62 and a 200-day simple moving average of $401.35. Dycom Industries, Inc. has a one year low of $233.00 and a one year high of $566.47.

Dycom Industries (NYSE:DY) last announced its earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share for the quarter, topping the consensus estimate of $2.73 by $1.69. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.67 billion. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The firm’s revenue for the quarter was up 56.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.09 EPS. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. Equities research analysts anticipate that Dycom Industries, Inc. will post 15.42 EPS for the current fiscal year.

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.