Gryphon Financial Partners LLC Has $1.29 Million Stock Holdings in Dycom Industries, Inc. $DY

Gryphon Financial Partners LLC lifted its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 133.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,822 shares of the construction company’s stock after acquiring an additional 2,182 shares during the quarter. Gryphon Financial Partners LLC’s holdings in Dycom Industries were worth $1,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sound Income Strategies LLC bought a new position in Dycom Industries during the 4th quarter worth approximately $32,000. Kemnay Advisory Services Inc. bought a new position in Dycom Industries during the fourth quarter worth $30,000. Acumen Wealth Advisors LLC acquired a new position in Dycom Industries in the fourth quarter valued at $35,000. Legacy Wealth Managment LLC ID bought a new stake in Dycom Industries during the fourth quarter valued at $39,000. Finally, Nemes Rush Group LLC bought a new stake in Dycom Industries during the fourth quarter valued at $40,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries Trading Down 1.4%

NYSE DY opened at $407.00 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. Dycom Industries, Inc. has a 52 week low of $233.00 and a 52 week high of $566.47. The business has a 50 day moving average price of $453.22 and a 200-day moving average price of $406.13. The company has a market cap of $12.22 billion, a price-to-earnings ratio of 38.72, a P/E/G ratio of 0.73 and a beta of 1.50.

Dycom Industries (NYSE:DY) last posted 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. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter last year, the firm posted $2.09 EPS. Dycom Industries’s revenue 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 analysts expect that Dycom Industries, Inc. will post 15.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DY has been the subject of several research analyst reports. Wells Fargo & Company lifted their price objective on Dycom Industries from $500.00 to $650.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Wedbush set a $654.00 target price on Dycom Industries in a research report on Friday, May 29th. Weiss Ratings raised Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, July 6th. B. Riley Financial raised their price objective on shares of Dycom Industries from $485.00 to $625.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Dycom Industries from $415.00 to $650.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. 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 data from MarketBeat, Dycom Industries currently has a consensus rating of “Buy” and a consensus price target of $554.92.

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.