Tulsa Wealth Advisors INC Acquires New Stake in Dycom Industries, Inc. $DY

Tulsa Wealth Advisors INC acquired a new stake in shares of Dycom Industries, Inc. (NYSE:DY) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,636 shares of the construction company’s stock, valued at approximately $553,000.

Other hedge funds have also added to or reduced their stakes in the company. Mariner Investment Group LLC purchased a new position in shares of Dycom Industries in the 4th quarter worth about $1,014,000. Pacer Advisors Inc. purchased a new stake in Dycom Industries during the 4th quarter valued at about $1,150,000. Virtu Financial LLC bought a new stake in Dycom Industries during the 4th quarter valued at about $2,634,000. Axxcess Wealth Management LLC purchased a new position in Dycom Industries in the fourth quarter worth about $2,332,000. Finally, Mercer Global Advisors Inc. ADV raised its holdings in Dycom Industries by 10.8% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 2,769 shares of the construction company’s stock worth $936,000 after buying an additional 269 shares during the last quarter. 98.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on DY. Cantor Fitzgerald increased their price target on shares of Dycom Industries from $436.00 to $654.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Wedbush set a $654.00 price objective on shares of Dycom Industries in a report on Friday, May 29th. Guggenheim lifted their target price on Dycom Industries from $575.00 to $620.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. UBS Group restated a “buy” rating and issued a $611.00 price target on shares of Dycom Industries in a research note on Friday, May 29th. Finally, Zacks Research raised Dycom Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. Two research analysts have rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $554.92.

Dycom Industries Stock Performance

Shares of DY stock opened at $456.23 on Friday. The company has a quick ratio of 2.46, a current ratio of 2.58 and a debt-to-equity ratio of 1.48. The company has a 50 day moving average price of $438.30 and a 200-day moving average price of $392.37. Dycom Industries, Inc. has a 52 week low of $230.00 and a 52 week high of $566.47. The firm has a market capitalization of $13.70 billion, a PE ratio of 43.41, a P/E/G ratio of 0.85 and a beta of 1.49.

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, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the firm earned $2.09 earnings per share. The firm’s revenue for the quarter 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. As a group, equities research analysts expect that Dycom Industries, Inc. will post 14.54 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.