Gryphon Financial Partners LLC Buys 2,182 Shares of Dycom Industries, Inc. $DY

Gryphon Financial Partners LLC raised its stake in Dycom Industries, Inc. (NYSE:DY) by 133.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,822 shares of the construction company’s stock after purchasing an additional 2,182 shares during the quarter. Gryphon Financial Partners LLC’s holdings in Dycom Industries were worth $1,295,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of DY. Assetmark Inc. boosted its position in shares of Dycom Industries by 730.7% during the first quarter. Assetmark Inc. now owns 7,742 shares of the construction company’s stock valued at $2,623,000 after buying an additional 6,810 shares during the last quarter. Gallacher Capital Management LLC purchased a new stake in Dycom Industries in the 1st quarter valued at $408,000. Independent Financial Group LLC bought a new position in Dycom Industries during the 1st quarter valued at $219,000. Bank of New York Mellon Corp lifted its stake in Dycom Industries by 2.4% during the 1st quarter. Bank of New York Mellon Corp now owns 200,772 shares of the construction company’s stock valued at $68,026,000 after acquiring an additional 4,707 shares in the last quarter. Finally, Illinois Municipal Retirement Fund boosted its holdings in Dycom Industries by 145.2% during the 1st quarter. Illinois Municipal Retirement Fund now owns 9,380 shares of the construction company’s stock worth $3,178,000 after acquiring an additional 5,555 shares during the last quarter. Institutional investors own 98.33% of the company’s stock.

Dycom Industries Trading Down 1.4%

NYSE DY opened at $407.00 on Friday. The business’s fifty day moving average is $453.22 and its 200-day moving average is $406.13. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.58 and a quick ratio of 2.46. The stock has a market capitalization of $12.22 billion, a price-to-earnings ratio of 38.72, a PEG ratio of 0.73 and a beta of 1.50. Dycom Industries, Inc. has a one year low of $233.00 and a one year 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 for the quarter, beating the consensus estimate of $2.73 by $1.69. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the prior year, the business earned $2.09 earnings per share. The firm’s revenue for the quarter was up 56.1% on a year-over-year basis. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. Equities research analysts predict that Dycom Industries, Inc. will post 15.42 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on DY shares. Wedbush set a $654.00 target price on shares of Dycom Industries in a research note on Friday, May 29th. Weiss Ratings upgraded shares of Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, July 6th. Cantor Fitzgerald upped their price objective on shares of Dycom Industries from $436.00 to $654.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Guggenheim increased their price objective on shares of Dycom Industries from $575.00 to $620.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Finally, B. Riley Financial lifted their target price on shares of Dycom Industries from $485.00 to $625.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company. Based on data from MarketBeat.com, Dycom Industries has a consensus rating of “Buy” and an average 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.