Swiss National Bank Raises Stock Holdings in Dycom Industries, Inc. $DY

Swiss National Bank lifted its holdings in Dycom Industries, Inc. (NYSE:DY) by 3.7% in the first quarter, HoldingsChannel reports. The firm owned 59,260 shares of the construction company’s stock after purchasing an additional 2,120 shares during the quarter. Swiss National Bank’s holdings in Dycom Industries were worth $20,078,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. Kemnay Advisory Services Inc. bought a new stake in shares of Dycom Industries in the 4th quarter worth about $30,000. Sound Income Strategies LLC purchased a new stake in Dycom Industries during the fourth quarter valued at approximately $32,000. Acumen Wealth Advisors LLC purchased a new position in shares of Dycom Industries in the 4th quarter worth approximately $35,000. Legacy Wealth Managment LLC ID bought a new position in shares of Dycom Industries during the 4th quarter valued at approximately $39,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Dycom Industries by 73.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock valued at $39,000 after buying an additional 68 shares during the period. Institutional investors own 98.33% of the company’s stock.

Dycom Industries Trading Down 2.2%

DY opened at $430.58 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 stock’s fifty day moving average is $452.12 and its two-hundred day moving average is $409.13. The company has a market capitalization of $12.93 billion, a P/E ratio of 40.97, a PEG ratio of 0.78 and a beta of 1.50. Dycom Industries, Inc. has a 52 week low of $233.00 and a 52 week high of $566.47.

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, topping analysts’ consensus estimates of $2.73 by $1.69. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.67 billion. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.The business’s revenue was up 56.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.09 EPS. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. Analysts forecast that Dycom Industries, Inc. will post 15.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DY has been the subject of several analyst reports. JPMorgan Chase & Co. raised their target price on shares of Dycom Industries from $415.00 to $650.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Cantor Fitzgerald raised their price objective on shares of Dycom Industries from $436.00 to $654.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. Wells Fargo & Company increased their price target on Dycom Industries from $500.00 to $650.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Wall Street Zen lowered Dycom Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, UBS Group reiterated a “buy” rating on shares of Dycom Industries in a research report on Friday. Two analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. According to MarketBeat.com, Dycom Industries has a consensus rating of “Buy” and an average target price 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.