Danske Bank A S Acquires New Position in Dycom Industries, Inc. $DY

Danske Bank A S acquired a new stake in Dycom Industries, Inc. (NYSE:DY) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 14,230 shares of the construction company’s stock, valued at approximately $7,195,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Kemnay Advisory Services Inc. bought a new stake in shares of Dycom Industries in the fourth quarter worth $30,000. Acumen Wealth Advisors LLC bought a new stake in Dycom Industries during the 4th quarter worth approximately $35,000. Legacy Wealth Managment LLC ID purchased a new stake in Dycom Industries in the 4th quarter valued at $39,000. EverSource Wealth Advisors LLC lifted its position in shares of Dycom Industries by 73.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock worth $39,000 after buying an additional 68 shares in the last quarter. Finally, Nemes Rush Group LLC bought a new position in Dycom Industries in the 4th quarter valued at $40,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries Stock Down 1.7%

DY stock opened at $393.24 on Friday. Dycom Industries, Inc. has a 1-year low of $242.55 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. The stock has a market cap of $11.81 billion, a price-to-earnings ratio of 37.42, a price-to-earnings-growth ratio of 0.71 and a beta of 1.54. The company’s 50 day moving average is $431.31 and its 200 day moving average is $415.56.

Dycom Industries (NYSE:DY) last announced its earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.73 by $1.69. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.67 billion. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The firm’s quarterly revenue was up 56.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.09 earnings per share. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. Sell-side analysts predict that Dycom Industries, Inc. will post 15.45 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on DY shares. Weiss Ratings raised Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 13th. UBS Group reissued a “buy” rating on shares of Dycom Industries in a report on Friday, July 24th. Wells Fargo & Company increased their target price on Dycom Industries from $500.00 to $650.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Zacks Research lowered Dycom Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Finally, Guggenheim boosted their price objective on Dycom Industries from $575.00 to $620.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Eleven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $578.09.

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.