2,241 Shares in Dycom Industries, Inc. $DY Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. purchased a new stake in Dycom Industries, Inc. (NYSE:DY) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 2,241 shares of the construction company’s stock, valued at approximately $759,000.

Several other large investors also recently bought and sold shares of DY. &PARTNERS raised its holdings in shares of Dycom Industries by 2.5% during the fourth quarter. &PARTNERS now owns 1,053 shares of the construction company’s stock valued at $356,000 after acquiring an additional 26 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Dycom Industries by 17.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the construction company’s stock worth $69,000 after acquiring an additional 30 shares during the last quarter. First Bank & Trust increased its position in shares of Dycom Industries by 1.6% during the fourth quarter. First Bank & Trust now owns 2,106 shares of the construction company’s stock worth $712,000 after purchasing an additional 33 shares in the last quarter. Osaic Holdings Inc. raised its stake in Dycom Industries by 1.7% in the 4th quarter. Osaic Holdings Inc. now owns 2,062 shares of the construction company’s stock valued at $697,000 after purchasing an additional 35 shares during the last quarter. Finally, CWM LLC raised its stake in Dycom Industries by 1.9% in the 4th quarter. CWM LLC now owns 1,956 shares of the construction company’s stock valued at $661,000 after purchasing an additional 36 shares during the last quarter. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

Dycom Industries Stock Down 0.0%

DY stock opened at $426.70 on Friday. Dycom Industries, Inc. has a one year low of $233.00 and a one year high of $566.47. The firm has a market cap of $12.81 billion, a PE ratio of 40.60, a PEG ratio of 0.75 and a beta of 1.50. The firm’s 50 day moving average price is $454.63 and its 200-day moving average price is $403.63. 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 (NYSE:DY) last issued its quarterly earnings data 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. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.67 billion. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.The firm’s revenue for the quarter was up 56.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.09 earnings per share. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. On average, equities research analysts anticipate that Dycom Industries, Inc. will post 15.42 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on DY shares. UBS Group reaffirmed a “buy” rating and set a $611.00 target price on shares of Dycom Industries in a research note on Friday, May 29th. Cantor Fitzgerald increased their target price on shares of Dycom Industries from $436.00 to $654.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. Wedbush set a $654.00 price target on shares of Dycom Industries in a research note on Friday, May 29th. KeyCorp boosted their price target on shares of Dycom Industries from $482.00 to $610.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Finally, Guggenheim upped their price objective on shares of Dycom Industries from $575.00 to $620.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $554.92.

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.