Tulsa Wealth Advisors INC Invests $683,000 in Dycom Industries, Inc. $DY

Tulsa Wealth Advisors INC acquired a new position in shares of Dycom Industries, Inc. (NYSE:DY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,350 shares of the construction company’s stock, valued at approximately $683,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. increased its position in Dycom Industries by 265,593,055.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 23,903,384 shares of the construction company’s stock worth $8,076,953,000 after buying an additional 23,903,375 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Dycom Industries during the second quarter worth approximately $90,216,000. First Trust Advisors LP boosted its position in shares of Dycom Industries by 27.8% in the first quarter. First Trust Advisors LP now owns 798,699 shares of the construction company’s stock valued at $270,615,000 after acquiring an additional 173,528 shares during the period. Alyeska Investment Group L.P. bought a new stake in shares of Dycom Industries in the third quarter valued at approximately $44,553,000. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Dycom Industries by 24.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 558,519 shares of the construction company’s stock valued at $188,725,000 after acquiring an additional 110,065 shares during the period. Institutional investors own 98.33% of the company’s stock.

Dycom Industries Stock Performance

DY opened at $419.45 on Monday. The stock has a market cap of $12.60 billion, a PE ratio of 39.91, a P/E/G ratio of 0.74 and a beta of 1.54. The company has a current ratio of 2.58, a quick ratio of 2.46 and a debt-to-equity ratio of 1.48. Dycom Industries, Inc. has a 1 year low of $233.00 and a 1 year high of $566.47. The stock’s 50 day simple moving average is $436.29 and its 200-day simple moving average is $414.47.

Dycom Industries (NYSE:DY) last issued its earnings results on Wednesday, May 27th. The construction company reported $4.42 EPS for the quarter, topping the consensus estimate of $2.73 by $1.69. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same period last year, the business earned $2.09 earnings per share. Dycom Industries’s quarterly 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. Sell-side analysts forecast that Dycom Industries, Inc. will post 15.45 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Wall Street Zen lowered shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 25th. Wells Fargo & Company increased their price target 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. Guggenheim raised their price target on shares of Dycom Industries from $575.00 to $620.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. B. Riley Financial boosted their price objective on shares of Dycom Industries from $485.00 to $625.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Finally, JPMorgan Chase & Co. upped their price objective 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. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Dycom Industries 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.