3,250 Shares in Dycom Industries, Inc. $DY Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC acquired a new stake in Dycom Industries, Inc. (NYSE:DY) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,250 shares of the construction company’s stock, valued at approximately $948,000.

Other institutional investors have also recently modified their holdings of the company. Twin Peaks Wealth Advisors LLC acquired a new position in Dycom Industries in the second quarter valued at $32,000. EverSource Wealth Advisors LLC increased its holdings in shares of Dycom Industries by 73.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock valued at $39,000 after acquiring an additional 68 shares during the last quarter. AlphaQuest LLC acquired a new stake in shares of Dycom Industries during the first quarter worth $37,000. Caldwell Trust Co acquired a new stake in Dycom Industries during the second quarter worth about $61,000. Finally, Smartleaf Asset Management LLC grew its stake in Dycom Industries by 25.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 485 shares of the construction company’s stock worth $119,000 after buying an additional 97 shares during the last quarter. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Dycom Industries Trading Down 0.1%

Shares of DY stock opened at $348.05 on Monday. The stock has a market cap of $10.08 billion, a price-to-earnings ratio of 34.26, a P/E/G ratio of 1.79 and a beta of 1.36. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.90 and a current ratio of 3.09. Dycom Industries, Inc. has a 52-week low of $131.37 and a 52-week high of $366.65. The firm has a fifty day moving average of $321.55 and a 200-day moving average of $283.35.

Dycom Industries (NYSE:DY) last announced its quarterly earnings results on Wednesday, November 19th. The construction company reported $3.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.48. Dycom Industries had a net margin of 5.75% and a return on equity of 22.21%. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same period last year, the firm posted $2.68 EPS. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. On average, equities research analysts forecast that Dycom Industries, Inc. will post 7.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DY has been the topic of several recent analyst reports. Vertical Research started coverage on Dycom Industries in a research note on Tuesday, December 23rd. They set a “buy” rating and a $420.00 target price on the stock. JPMorgan Chase & Co. upped their price target on Dycom Industries from $275.00 to $370.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. Wall Street Zen raised shares of Dycom Industries from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Dycom Industries in a report on Wednesday, October 8th. Finally, B. Riley increased their target price on shares of Dycom Industries from $320.00 to $420.00 and gave the stock a “buy” rating in a research report on Friday, November 21st. Two analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. Based on data from MarketBeat.com, Dycom Industries currently has a consensus rating of “Buy” and a consensus target price of $376.67.

Dycom Industries Company 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.