1,344 Shares in Dycom Industries, Inc. $DY Acquired by AMI Asset Management Corp

AMI Asset Management Corp purchased a new position in Dycom Industries, Inc. (NYSE:DY) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,344 shares of the construction company’s stock, valued at approximately $454,000.

Other large investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its holdings in shares of Dycom Industries by 4,626.1% during the 1st quarter. Jones Financial Companies Lllp now owns 2,174 shares of the construction company’s stock worth $331,000 after acquiring an additional 2,128 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Dycom Industries by 7.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 69,726 shares of the construction company’s stock worth $10,622,000 after acquiring an additional 4,985 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Dycom Industries by 7.0% during the 2nd quarter. Invesco Ltd. now owns 227,127 shares of the construction company’s stock worth $55,508,000 after acquiring an additional 14,891 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings 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, Cerity Partners LLC raised its holdings in shares of Dycom Industries by 8.9% during the 2nd quarter. Cerity Partners LLC now owns 2,239 shares of the construction company’s stock worth $547,000 after acquiring an additional 183 shares in the last quarter. 98.33% of the stock is owned by hedge funds and other institutional investors.

Dycom Industries Stock Performance

NYSE:DY opened at $397.34 on Tuesday. The stock’s fifty day moving average is $381.23 and its 200 day moving average is $345.92. Dycom Industries, Inc. has a fifty-two week low of $149.09 and a fifty-two week high of $445.52. The firm has a market capitalization of $11.91 billion, a PE ratio of 41.39, a PEG ratio of 0.91 and a beta of 1.38. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.61 and a current ratio of 2.74.

Dycom Industries (NYSE:DY) last released its quarterly earnings results on Wednesday, March 4th. The construction company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.12. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.34 billion. Dycom Industries had a return on equity of 21.77% and a net margin of 5.07%.Dycom Industries’s quarterly revenue was up 34.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.17 EPS. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. On average, sell-side analysts anticipate that Dycom Industries, Inc. will post 7.13 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on DY shares. Guggenheim started coverage on Dycom Industries in a report on Thursday, January 22nd. They set a “buy” rating and a $510.00 price objective on the stock. UBS Group set a $475.00 price objective on Dycom Industries and gave the stock a “buy” rating in a report on Friday, March 6th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $436.00 price objective on shares of Dycom Industries in a report on Friday, March 27th. Zacks Research raised Dycom Industries from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Finally, KeyCorp increased their price target on Dycom Industries from $426.00 to $482.00 and gave the company an “overweight” rating in a report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $431.64.

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.