Inceptionr LLC Buys New Position in Dycom Industries, Inc. $DY

Inceptionr LLC purchased a new position in shares of Dycom Industries, Inc. (NYSE:DY) in the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 3,344 shares of the construction company’s stock, valued at approximately $1,133,000.

A number of other institutional investors and hedge funds have also bought and sold shares of DY. Wilson Asset Management International PTY Ltd. purchased a new position in Dycom Industries during the 4th quarter worth $1,014,000. Norges Bank purchased a new stake in shares of Dycom Industries in the fourth quarter valued at about $19,335,000. Horizon Investments LLC raised its holdings in shares of Dycom Industries by 43.0% in the fourth quarter. Horizon Investments LLC now owns 16,907 shares of the construction company’s stock valued at $5,713,000 after purchasing an additional 5,086 shares during the last quarter. Hillsdale Investment Management Inc. lifted its position in shares of Dycom Industries by 82,666.7% during the fourth quarter. Hillsdale Investment Management Inc. now owns 24,830 shares of the construction company’s stock valued at $8,390,000 after purchasing an additional 24,800 shares in the last quarter. Finally, SteelPeak Wealth LLC bought a new position in shares of Dycom Industries during the fourth quarter valued at about $2,208,000. 98.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DY. Weiss Ratings upgraded shares of Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, July 6th. Wall Street Zen lowered shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Wedbush set a $654.00 target price on shares of Dycom Industries in a research report on Friday, May 29th. UBS Group restated a “buy” rating on shares of Dycom Industries in a research note on Friday. Finally, 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 report on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. Based on data from MarketBeat, Dycom Industries presently has an average rating of “Buy” and a consensus target price of $554.92.

Dycom Industries Price Performance

Shares of NYSE:DY opened at $430.58 on Friday. The company’s 50-day moving average is $452.12 and its 200 day moving average is $409.13. 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 company has a market capitalization of $12.93 billion, a P/E ratio of 40.97, a price-to-earnings-growth ratio of 0.78 and a beta of 1.50. Dycom Industries, Inc. has a fifty-two week low of $233.00 and a fifty-two week high of $566.47.

Dycom Industries (NYSE:DY) last posted its quarterly 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 net margin of 4.98% and a return on equity of 24.13%. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the prior year, the business earned $2.09 earnings per share. The firm’s revenue for the quarter was up 56.1% on a year-over-year basis. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. On average, equities research analysts forecast that Dycom Industries, Inc. will post 15.45 earnings per share for the current 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.