State of Wyoming Lowers Position in Dycom Industries, Inc. $DY

State of Wyoming cut its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 21.0% during the 1st quarter, Holdings Channel.com reports. The fund owned 5,182 shares of the construction company’s stock after selling 1,378 shares during the period. State of Wyoming’s holdings in Dycom Industries were worth $1,756,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. &PARTNERS grew its stake in shares of Dycom Industries by 2.5% in the 4th quarter. &PARTNERS now owns 1,053 shares of the construction company’s stock worth $356,000 after acquiring an additional 26 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Dycom Industries by 17.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the construction company’s stock valued at $69,000 after purchasing an additional 30 shares during the last quarter. First Bank & Trust lifted its position in shares of Dycom Industries by 1.6% during the fourth quarter. First Bank & Trust now owns 2,106 shares of the construction company’s stock valued at $712,000 after purchasing an additional 33 shares in the last quarter. Legacy Wealth Managment LLC ID boosted its holdings in Dycom Industries by 30.4% during the first quarter. Legacy Wealth Managment LLC ID now owns 150 shares of the construction company’s stock worth $51,000 after purchasing an additional 35 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in Dycom Industries by 1.7% during the fourth quarter. Osaic Holdings Inc. now owns 2,062 shares of the construction company’s stock worth $697,000 after purchasing an additional 35 shares during the last quarter. 98.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on DY. KeyCorp increased their price objective on shares of Dycom Industries from $482.00 to $610.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Weiss Ratings upgraded Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, July 6th. JPMorgan Chase & Co. upped their target price on Dycom Industries from $415.00 to $650.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. B. Riley Financial increased their price target on Dycom Industries from $485.00 to $625.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Finally, Wall Street Zen upgraded Dycom Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 6th. Two analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $554.92.

Dycom Industries Stock Performance

NYSE DY opened at $433.78 on Thursday. The company has a market capitalization of $13.03 billion, a PE ratio of 41.27, a price-to-earnings-growth ratio of 0.75 and a beta of 1.50. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.46 and a current ratio of 2.58. Dycom Industries, Inc. has a 52-week low of $233.00 and a 52-week high of $566.47. The company has a 50-day simple moving average of $452.46 and a 200 day simple moving average of $408.32.

Dycom Industries (NYSE:DY) last released its earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share for the quarter, beating analysts’ consensus estimates of $2.73 by $1.69. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the previous year, the company earned $2.09 earnings per share. The company’s quarterly revenue was up 56.1% on a year-over-year basis. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. On average, research analysts predict that Dycom Industries, Inc. will post 15.42 EPS for the current year.

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.