Simplicity Wealth LLC Acquires Shares of 3,534 Dycom Industries, Inc. $DY

Simplicity Wealth LLC bought a new position in Dycom Industries, Inc. (NYSE:DY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,534 shares of the construction company’s stock, valued at approximately $1,787,000.

Several other large investors have also bought and sold shares of DY. Northwestern Mutual Wealth Management Co. increased its position in shares of Dycom Industries by 265,593,055.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 23,903,384 shares of the construction company’s stock valued at $8,076,953,000 after acquiring an additional 23,903,375 shares in the last quarter. Peconic Partners LLC boosted its stake in Dycom Industries by 2.8% during the 2nd quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock valued at $933,038,000 after purchasing an additional 105,586 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Dycom Industries by 27.8% in the 1st quarter. First Trust Advisors LP now owns 798,699 shares of the construction company’s stock worth $270,615,000 after purchasing an additional 173,528 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Dycom Industries by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 727,238 shares of the construction company’s stock valued at $245,771,000 after purchasing an additional 53,993 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Dycom Industries by 24.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 558,519 shares of the construction company’s stock worth $188,725,000 after buying an additional 110,065 shares during the last quarter. 98.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on DY shares. KeyCorp raised their price target on shares of Dycom Industries from $482.00 to $610.00 and gave the company an “overweight” rating in a report on Monday, June 1st. JPMorgan Chase & Co. increased their price objective on shares of Dycom Industries from $415.00 to $650.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. UBS Group restated a “buy” rating on shares of Dycom Industries in a report on Friday, July 24th. Weiss Ratings upgraded shares of Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday. Finally, Wall Street Zen cut Dycom Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $554.92.

Dycom Industries Stock Up 0.1%

DY opened at $419.45 on Monday. The firm’s 50 day simple moving average is $436.29 and its two-hundred day simple moving average is $414.47. The company has a market capitalization of $12.60 billion, a PE ratio of 39.91, a PEG ratio of 0.74 and a beta of 1.54. Dycom Industries, Inc. has a 1-year low of $233.00 and a 1-year high of $566.47. 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 (NYSE:DY) last posted its quarterly earnings data on Wednesday, May 27th. The construction company reported $4.42 EPS for the quarter, topping the consensus estimate of $2.73 by $1.69. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.67 billion. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.Dycom Industries’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 EPS. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. As a group, equities analysts forecast that Dycom Industries, Inc. will post 15.45 EPS for the current year.

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.