Great Lakes Advisors LLC Makes New $4.32 Million Investment in Dycom Industries, Inc. $DY

Great Lakes Advisors LLC purchased a new position in shares of Dycom Industries, Inc. (NYSE:DY) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,543 shares of the construction company’s stock, valued at approximately $4,319,000.

Other large investors have also made changes to their positions in the company. Kemnay Advisory Services Inc. acquired a new position in Dycom Industries during the fourth quarter worth about $30,000. Acumen Wealth Advisors LLC purchased a new position in Dycom Industries in the fourth quarter valued at about $35,000. Legacy Wealth Managment LLC ID acquired a new stake in shares of Dycom Industries during the 4th quarter valued at approximately $39,000. EverSource Wealth Advisors LLC boosted its stake in shares of Dycom Industries by 73.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock worth $39,000 after acquiring an additional 68 shares in the last quarter. Finally, Nemes Rush Group LLC purchased a new stake in shares of Dycom Industries during the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DY. Cantor Fitzgerald upped their price target on Dycom Industries from $436.00 to $654.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. JPMorgan Chase & Co. boosted their target price on Dycom Industries from $415.00 to $650.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. 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. Wall Street Zen cut Dycom Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 25th. Finally, Wells Fargo & Company lifted their price target on Dycom Industries from $500.00 to $650.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $578.09.

Dycom Industries Price Performance

DY stock opened at $401.63 on Friday. The stock’s 50 day moving average price is $432.83 and its 200 day moving average price is $415.72. The firm has a market cap of $12.06 billion, a P/E ratio of 38.21, a PEG ratio of 0.71 and a beta of 1.54. 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 1 year low of $242.55 and a 1 year high of $566.47.

Dycom Industries (NYSE:DY) last released its quarterly 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. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter last year, the business posted $2.09 earnings per share. Dycom Industries’s revenue 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. 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.