Prudent Man Advisors LLC decreased its position in shares of Dycom Industries, Inc. (NYSE:DY – Free Report) by 19.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,086 shares of the construction company’s stock after selling 270 shares during the period. Prudent Man Advisors LLC’s holdings in Dycom Industries were worth $265,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. AlphaQuest LLC acquired a new position in Dycom Industries during the 1st quarter worth $37,000. Federated Hermes Inc. lifted its position in Dycom Industries by 27.1% during the 1st quarter. Federated Hermes Inc. now owns 492 shares of the construction company’s stock worth $75,000 after acquiring an additional 105 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in Dycom Industries by 370.5% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 607 shares of the construction company’s stock worth $92,000 after acquiring an additional 478 shares during the last quarter. Archer Investment Corp acquired a new position in Dycom Industries during the 1st quarter worth $99,000. Finally, GAMMA Investing LLC lifted its position in Dycom Industries by 83.1% during the 2nd quarter. GAMMA Investing LLC now owns 705 shares of the construction company’s stock worth $172,000 after acquiring an additional 320 shares during the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have weighed in on the stock. UBS Group boosted their target price on shares of Dycom Industries from $296.00 to $336.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. DA Davidson boosted their target price on shares of Dycom Industries from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, August 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Dycom Industries in a research report on Friday. Bank of America boosted their price objective on shares of Dycom Industries from $299.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Finally, Wall Street Zen upgraded shares of Dycom Industries from a “hold” rating to a “buy” rating in a report on Friday, August 22nd. Two equities research analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $301.38.
Dycom Industries Stock Performance
NYSE:DY opened at $291.24 on Friday. The firm’s 50-day moving average is $273.08 and its 200-day moving average is $240.38. Dycom Industries, Inc. has a 52-week low of $131.37 and a 52-week high of $301.88. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.96 and a current ratio of 3.16. The company has a market cap of $8.43 billion, a price-to-earnings ratio of 32.72, a PEG ratio of 1.39 and a beta of 1.15.
Dycom Industries (NYSE:DY – Get Free Report) last posted its quarterly earnings data on Wednesday, August 20th. The construction company reported $3.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.41. Dycom Industries had a net margin of 5.23% and a return on equity of 21.17%. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the previous year, the firm posted $2.46 EPS. The business’s revenue was up 14.5% compared to the same quarter last year. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. Equities research analysts anticipate that Dycom Industries, Inc. will post 7.13 earnings per share for the current year.
Dycom Industries Company Profile
Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.
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