Tulsa Wealth Advisors INC Buys Shares of 1,636 Dycom Industries, Inc. $DY

Tulsa Wealth Advisors INC bought a new position in Dycom Industries, Inc. (NYSE:DY) during the 4th quarter, Holdings Channel.com reports. The fund bought 1,636 shares of the construction company’s stock, valued at approximately $553,000.

Other large investors have also made changes to their positions in the company. Jones Financial Companies Lllp increased its position in shares of Dycom Industries by 4,626.1% during the 1st quarter. Jones Financial Companies Lllp now owns 2,174 shares of the construction company’s stock valued at $331,000 after purchasing an additional 2,128 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Dycom Industries by 7.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 69,726 shares of the construction company’s stock worth $10,622,000 after buying an additional 4,985 shares during the last quarter. Invesco Ltd. grew its position in Dycom Industries by 7.0% during the second quarter. Invesco Ltd. now owns 227,127 shares of the construction company’s stock valued at $55,508,000 after buying an additional 14,891 shares during the period. EverSource Wealth Advisors LLC grew its position in Dycom Industries by 73.1% during the second 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. Finally, Cerity Partners LLC increased its holdings in Dycom Industries by 8.9% during the second quarter. Cerity Partners LLC now owns 2,239 shares of the construction company’s stock valued at $547,000 after buying an additional 183 shares during the last quarter. 98.33% of the stock is currently owned by institutional investors.

Dycom Industries Price Performance

NYSE DY opened at $456.23 on Friday. 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 12 month low of $230.00 and a 12 month high of $566.47. The stock has a market cap of $13.70 billion, a price-to-earnings ratio of 43.41, a PEG ratio of 0.85 and a beta of 1.49. The company’s 50 day moving average is $438.30 and its two-hundred day moving average is $392.37.

Dycom Industries (NYSE:DY) last posted its quarterly earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share for the quarter, topping analysts’ consensus estimates of $2.73 by $1.69. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates 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 was up 56.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.09 earnings per share. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. As a group, research analysts anticipate that Dycom Industries, Inc. will post 14.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on DY shares. Guggenheim increased 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. Zacks Research raised shares of Dycom Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Wells Fargo & Company upped their price objective on Dycom Industries from $500.00 to $650.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Bank of America raised their target price on Dycom Industries from $365.00 to $475.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. Finally, UBS Group reiterated a “buy” rating and set a $611.00 target price on shares of Dycom Industries in a research report on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company 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.