Trek Financial LLC Invests $3.31 Million in Dycom Industries, Inc. $DY

Trek Financial LLC bought a new stake in shares of Dycom Industries, Inc. (NYSE:DY) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,784 shares of the construction company’s stock, valued at approximately $3,306,000.

Several other institutional investors and hedge funds also recently bought and sold shares of DY. Root Financial Partners LLC purchased a new position in Dycom Industries during the third quarter valued at $26,000. Optiver Holding B.V. lifted its position in Dycom Industries by 57.1% during the third quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock valued at $32,000 after purchasing an additional 40 shares in the last quarter. Sound Income Strategies LLC purchased a new position in Dycom Industries during the fourth quarter valued at $32,000. CI Investments Inc. increased 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 worth $34,000 after acquiring an additional 83 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in Dycom Industries by 57.3% in the 3rd quarter. UMB Bank n.a. now owns 129 shares of the construction company’s stock worth $38,000 after acquiring an additional 47 shares in the last quarter. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

Dycom Industries Price Performance

Shares of Dycom Industries stock opened at $430.00 on Wednesday. The stock’s 50-day simple moving average is $381.91 and its 200-day simple moving average is $362.59. Dycom Industries, Inc. has a 52 week low of $186.42 and a 52 week high of $464.82. The company has a market capitalization of $12.91 billion, a price-to-earnings ratio of 44.79, a PEG ratio of 0.99 and a beta of 1.46. The company has a quick ratio of 2.61, a current ratio of 2.74 and a debt-to-equity ratio of 1.51.

Dycom Industries (NYSE:DY) last announced its quarterly earnings data on Wednesday, March 4th. The construction company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.91 by $0.12. Dycom Industries had a return on equity of 21.77% and a net margin of 5.07%.The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the business earned $1.17 earnings per share. The business’s revenue was up 34.4% on a year-over-year basis. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. As a group, analysts expect that Dycom Industries, Inc. will post 12.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DY. KeyCorp lifted their price target on shares of Dycom Industries from $426.00 to $482.00 and gave the company an “overweight” rating in a report on Thursday, March 5th. UBS Group set a $475.00 price target on shares of Dycom Industries and gave the company a “buy” rating in a report on Friday, March 6th. JPMorgan Chase & Co. lifted their price target on shares of Dycom Industries from $395.00 to $415.00 and gave the company an “overweight” rating in a report on Thursday, March 5th. B. Riley Financial lifted their price target on shares of Dycom Industries from $420.00 to $485.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Dycom Industries in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $431.64.

Dycom Industries 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.