Dimensional Fund Advisors LP Cuts Holdings in Dycom Industries, Inc. $DY

Dimensional Fund Advisors LP lowered its holdings in Dycom Industries, Inc. (NYSE:DY) by 5.0% during the 1st quarter, Holdings Channel reports. The firm owned 575,263 shares of the construction company’s stock after selling 30,587 shares during the period. Dimensional Fund Advisors LP’s holdings in Dycom Industries were worth $194,881,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Kemnay Advisory Services Inc. purchased a new stake in Dycom Industries in the fourth quarter worth $30,000. Sound Income Strategies LLC purchased a new position in Dycom Industries during the fourth quarter worth about $32,000. Acumen Wealth Advisors LLC bought a new stake in shares of Dycom Industries during the 4th quarter valued at about $35,000. Legacy Wealth Managment LLC ID purchased a new stake in shares of Dycom Industries during the 4th quarter valued at $39,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Dycom Industries by 73.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock worth $39,000 after purchasing an additional 68 shares in the last quarter. Institutional investors own 98.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, July 6th. KeyCorp boosted their price target on Dycom Industries from $482.00 to $610.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Guggenheim increased their price objective on Dycom Industries from $575.00 to $620.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Zacks Research upgraded Dycom Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Finally, Wedbush set a $654.00 target price on Dycom Industries in a research note on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $554.92.

Dycom Industries Trading Down 2.2%

Shares of NYSE:DY opened at $430.58 on Friday. Dycom Industries, Inc. has a 1 year low of $233.00 and a 1 year high of $566.47. The stock’s fifty day moving average price is $452.12 and its 200-day moving average price is $409.13. The company has a market cap of $12.93 billion, a P/E ratio of 40.97, a PEG ratio of 0.78 and a beta of 1.50. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.58 and a quick ratio of 2.46.

Dycom Industries (NYSE:DY) last released its quarterly earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share for the quarter, beating the consensus estimate of $2.73 by $1.69. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.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 prior year, the firm earned $2.09 EPS. The company’s revenue was up 56.1% compared to the same quarter last year. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. Sell-side analysts expect that Dycom Industries, Inc. will post 15.45 earnings per share 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.