3,391 Shares in Dycom Industries, Inc. $DY Acquired by LMG Wealth Partners LLC

LMG Wealth Partners LLC bought a new position in shares of Dycom Industries, Inc. (NYSE:DY) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,391 shares of the construction company’s stock, valued at approximately $1,149,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. acquired a new position in shares of Dycom Industries in the 4th quarter valued at $30,000. Optiver Holding B.V. increased its position in shares of Dycom Industries by 57.1% during the 3rd quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock worth $32,000 after purchasing an additional 40 shares during the last quarter. Sound Income Strategies LLC purchased a new stake in Dycom Industries in the 4th quarter valued at about $32,000. CI Investments Inc. raised its holdings in Dycom Industries by 259.4% in the 3rd quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock valued at $34,000 after buying an additional 83 shares during the period. Finally, Acumen Wealth Advisors LLC acquired a new position in Dycom Industries in the fourth quarter valued at about $35,000. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on DY. Guggenheim increased their target price on shares of Dycom Industries from $575.00 to $620.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Wedbush set a $654.00 price target on shares of Dycom Industries in a research note on Friday, May 29th. Zacks Research raised shares of Dycom Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Wall Street Zen upgraded shares of Dycom Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 6th. Finally, UBS Group reissued a “buy” rating and issued a $611.00 target price on shares of Dycom Industries in a research report on Friday, May 29th. Two research analysts have rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company’s stock. According to MarketBeat.com, Dycom Industries has an average rating of “Buy” and an average price target of $554.92.

Dycom Industries Price Performance

Dycom Industries stock opened at $469.10 on Tuesday. The firm has a market cap of $14.09 billion, a PE ratio of 44.63, a price-to-earnings-growth ratio of 0.83 and a beta of 1.49. Dycom Industries, Inc. has a 52-week low of $232.09 and a 52-week high of $566.47. 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 company’s 50 day moving average is $439.84 and its two-hundred day moving average is $393.48.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Wednesday, May 27th. The construction company reported $4.42 EPS for the quarter, beating the consensus estimate of $2.73 by $1.69. The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The firm’s revenue was up 56.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.09 EPS. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. On average, research analysts expect that Dycom Industries, Inc. will post 15.03 EPS for the current fiscal year.

Dycom Industries Company Profile

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.