Swiss National Bank Purchases 2,120 Shares of Dycom Industries, Inc. $DY

Swiss National Bank boosted its position in shares of Dycom Industries, Inc. (NYSE:DY) by 3.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 59,260 shares of the construction company’s stock after acquiring an additional 2,120 shares during the quarter. Swiss National Bank owned 0.20% of Dycom Industries worth $20,078,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp grew its stake 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 valued at $331,000 after purchasing an additional 2,128 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Dycom Industries by 7.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 69,726 shares of the construction company’s stock valued at $10,622,000 after buying an additional 4,985 shares during the last quarter. Invesco Ltd. increased its holdings in Dycom Industries by 7.0% during the second quarter. Invesco Ltd. now owns 227,127 shares of the construction company’s stock valued at $55,508,000 after buying an additional 14,891 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Dycom Industries by 73.1% in the second quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock worth $39,000 after acquiring an additional 68 shares during the period. Finally, Cerity Partners LLC raised its position in Dycom Industries by 8.9% in the second quarter. Cerity Partners LLC now owns 2,239 shares of the construction company’s stock worth $547,000 after acquiring an additional 183 shares during the period. Institutional investors own 98.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on DY shares. Cantor Fitzgerald upped their price objective on Dycom Industries from $436.00 to $654.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. Weiss Ratings raised Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, July 6th. JPMorgan Chase & Co. upped their price target on Dycom Industries from $415.00 to $650.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. KeyCorp raised their price objective on Dycom Industries from $482.00 to $610.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Finally, Wedbush set a $654.00 price objective on Dycom Industries in a research note on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $554.92.

Dycom Industries Price Performance

Shares of Dycom Industries stock opened at $430.58 on Friday. The company has a market capitalization of $12.93 billion, a price-to-earnings ratio of 40.97, a PEG ratio of 0.78 and a beta of 1.50. 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 stock’s 50-day simple moving average is $452.12 and its 200-day simple moving average is $409.13. Dycom Industries, Inc. has a 52 week low of $233.00 and a 52 week high of $566.47.

Dycom Industries (NYSE:DY) last released its earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.73 by $1.69. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.During the same quarter last year, the business posted $2.09 earnings per share. The firm’s revenue was up 56.1% on a year-over-year basis. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. As a group, 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.