Simplicity Wealth LLC Purchases 1,327 Shares of Dycom Industries, Inc. $DY

Simplicity Wealth LLC raised its position in Dycom Industries, Inc. (NYSE:DY) by 76.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,055 shares of the construction company’s stock after buying an additional 1,327 shares during the quarter. Simplicity Wealth LLC’s holdings in Dycom Industries were worth $747,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in DY. 111 Capital bought a new stake in shares of Dycom Industries during the 2nd quarter valued at $693,000. Greenleaf Trust bought a new stake in shares of Dycom Industries during the 2nd quarter valued at $246,000. Campbell Newman Asset Management Inc. raised its stake in shares of Dycom Industries by 7.1% during the 2nd quarter. Campbell Newman Asset Management Inc. now owns 14,755 shares of the construction company’s stock valued at $3,606,000 after purchasing an additional 980 shares during the period. Ballentine Partners LLC bought a new stake in shares of Dycom Industries during the 2nd quarter valued at $226,000. Finally, Counterpoint Mutual Funds LLC bought a new stake in shares of Dycom Industries during the 2nd quarter valued at $1,926,000. 98.33% of the stock is currently owned by institutional investors.

Dycom Industries Price Performance

Dycom Industries stock opened at $286.24 on Wednesday. The business has a 50-day simple moving average of $267.90 and a 200 day simple moving average of $227.75. Dycom Industries, Inc. has a 52 week low of $131.37 and a 52 week high of $300.00. The company has a quick ratio of 2.96, a current ratio of 3.16 and a debt-to-equity ratio of 0.74. The stock has a market cap of $8.29 billion, a price-to-earnings ratio of 32.16, a PEG ratio of 1.38 and a beta of 1.15.

Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Wednesday, August 20th. The construction company reported $3.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $0.41. Dycom Industries had a return on equity of 21.17% and a net margin of 5.23%.The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the prior year, the business earned $2.46 EPS. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. On average, research analysts forecast that Dycom Industries, Inc. will post 7.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on DY shares. Wall Street Zen upgraded Dycom Industries from a “hold” rating to a “buy” rating in a research note on Friday, August 22nd. Bank of America boosted their price objective on Dycom Industries from $299.00 to $310.00 and gave the company a “buy” rating in a research note on Monday, September 29th. DA Davidson boosted their price objective on Dycom Industries from $265.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Zacks Research upgraded Dycom Industries to a “hold” rating in a research report on Monday, August 11th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Dycom Industries in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $293.25.

Dycom Industries Profile

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.