Rice Hall James & Associates LLC Purchases New Stake in Dycom Industries, Inc. $DY

Rice Hall James & Associates LLC acquired a new position in shares of Dycom Industries, Inc. (NYSE:DY) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,662 shares of the construction company’s stock, valued at approximately $5,391,000.

Other large investors have also recently bought and sold shares of the company. Kemnay Advisory Services Inc. purchased a new stake in shares of Dycom Industries during the 4th quarter worth $30,000. Acumen Wealth Advisors LLC acquired a new position in shares of Dycom Industries during the 4th quarter worth $35,000. Legacy Wealth Managment LLC ID purchased a new position in shares of Dycom Industries in the 4th quarter valued at about $39,000. 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 purchasing an additional 68 shares in the last quarter. Finally, Nemes Rush Group LLC acquired a new stake in shares of Dycom Industries in the fourth quarter valued at about $40,000. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Dycom Industries Stock Performance

NYSE:DY opened at $433.33 on Tuesday. The company has a current ratio of 2.58, a quick ratio of 2.46 and a debt-to-equity ratio of 1.48. The firm has a 50-day moving average price of $435.78 and a two-hundred day moving average price of $414.88. Dycom Industries, Inc. has a twelve month low of $233.00 and a twelve month high of $566.47. The company has a market capitalization of $13.01 billion, a P/E ratio of 41.23, a price-to-earnings-growth ratio of 0.74 and a beta of 1.54.

Dycom Industries (NYSE:DY) last announced its quarterly earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.73 by $1.69. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.67 billion. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The company’s revenue for the quarter was up 56.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.09 earnings per share. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. As a group, research analysts expect that Dycom Industries, Inc. will post 15.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Wall Street Zen downgraded shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. Wells Fargo & Company increased their target price on shares of Dycom Industries from $500.00 to $650.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. JPMorgan Chase & Co. lifted their price target on shares of Dycom Industries from $415.00 to $650.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Wedbush set a $654.00 price target on Dycom Industries in a research note on Friday, May 29th. Finally, KeyCorp upped their price target on Dycom Industries from $482.00 to $610.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $554.92.

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.