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

Union Bancaire Privee UBP SA lifted its position in shares of Dycom Industries, Inc. (NYSE:DY) by 190.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of DY. Kemnay Advisory Services Inc. bought a new position in Dycom Industries in the fourth quarter worth $30,000. Optiver Holding B.V. raised its stake in shares of Dycom Industries by 57.1% in the 3rd 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 in the last quarter. Sound Income Strategies LLC bought a new position in shares of Dycom Industries during the 4th quarter worth about $32,000. CI Investments Inc. lifted 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 acquiring an additional 83 shares during the period. Finally, Acumen Wealth Advisors LLC acquired a new stake in shares of Dycom Industries during the 4th quarter valued at about $35,000. 98.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DY has been the topic of a number of analyst reports. Zacks Research raised shares of Dycom Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 8th. Weiss Ratings cut shares of Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 18th. Wall Street Zen raised Dycom Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 6th. JPMorgan Chase & Co. upped their price objective on Dycom Industries from $415.00 to $650.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Finally, Cantor Fitzgerald increased their target price on Dycom Industries from $436.00 to $654.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. According to MarketBeat, Dycom Industries presently has a consensus rating of “Buy” and a consensus price target of $554.92.

Dycom Industries Price Performance

Dycom Industries stock opened at $489.10 on Friday. Dycom Industries, Inc. has a 52 week low of $233.00 and a 52 week high of $566.47. The firm has a market cap of $14.69 billion, a P/E ratio of 46.54, a P/E/G ratio of 0.86 and a beta of 1.49. 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 business’s fifty day moving average is $446.92 and its two-hundred day moving average is $396.83.

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