Vise Technologies Inc. Takes Position in Dycom Industries, Inc. $DY

Vise Technologies Inc. purchased a new stake in Dycom Industries, Inc. (NYSE:DY) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,361 shares of the construction company’s stock, valued at approximately $688,000.

Other hedge funds have also bought and sold shares of the company. Wilson Asset Management International PTY Ltd. acquired a new stake in shares of Dycom Industries in the fourth quarter valued at approximately $1,014,000. Norges Bank acquired a new stake in Dycom Industries during the fourth quarter worth approximately $19,335,000. Horizon Investments LLC grew its position in Dycom Industries by 43.0% during the fourth quarter. Horizon Investments LLC now owns 16,907 shares of the construction company’s stock worth $5,713,000 after buying an additional 5,086 shares in the last quarter. Royal Bank of Canada increased its stake in Dycom Industries by 50.1% during the 1st quarter. Royal Bank of Canada now owns 22,327 shares of the construction company’s stock worth $7,566,000 after acquiring an additional 7,452 shares during the period. Finally, Hillsdale Investment Management Inc. increased its stake in Dycom Industries by 82,666.7% during the 4th quarter. Hillsdale Investment Management Inc. now owns 24,830 shares of the construction company’s stock worth $8,390,000 after acquiring an additional 24,800 shares during the period. 98.33% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DY has been the subject of a number of recent analyst reports. B. Riley Financial upped their target price on Dycom Industries from $485.00 to $625.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Weiss Ratings upgraded Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 13th. Wedbush set a $654.00 price target on Dycom Industries in a research note on Friday, May 29th. Zacks Research downgraded Dycom Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Finally, Guggenheim upped their price objective on shares of Dycom Industries from $575.00 to $620.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $578.09.

Dycom Industries Price Performance

Dycom Industries stock opened at $393.24 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. Dycom Industries, Inc. has a 52 week low of $242.55 and a 52 week high of $566.47. The stock has a market capitalization of $11.81 billion, a P/E ratio of 37.42, a price-to-earnings-growth ratio of 0.69 and a beta of 1.54. The stock has a fifty day moving average of $431.31 and a 200-day moving average of $415.79.

Dycom Industries (NYSE:DY) last announced its quarterly earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.73 by $1.69. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates 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 was up 56.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.09 EPS. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. On average, sell-side analysts expect that Dycom Industries, Inc. will post 15.45 earnings per share for the current fiscal 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.