Dycom Industries, Inc. $DY Stock Holdings Lifted by Tidal Investments LLC

Tidal Investments LLC increased its position in shares of Dycom Industries, Inc. (NYSE:DY) by 25.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,093 shares of the construction company’s stock after acquiring an additional 9,691 shares during the quarter. Tidal Investments LLC’s holdings in Dycom Industries were worth $24,315,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in Dycom Industries during the 4th quarter worth approximately $19,335,000. Royal Bank of Canada lifted its holdings in shares of Dycom Industries by 50.1% in the first quarter. Royal Bank of Canada now owns 22,327 shares of the construction company’s stock valued at $7,566,000 after purchasing an additional 7,452 shares in the last quarter. Hillsdale Investment Management Inc. boosted its position in shares of Dycom Industries by 82,666.7% in the fourth quarter. Hillsdale Investment Management Inc. now owns 24,830 shares of the construction company’s stock worth $8,390,000 after buying an additional 24,800 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Dycom Industries in the fourth quarter worth $1,693,000. Finally, Bank of America Corp DE grew its holdings in shares of Dycom Industries by 6.1% during the first quarter. Bank of America Corp DE now owns 445,830 shares of the construction company’s stock valued at $151,056,000 after buying an additional 25,564 shares in the last quarter. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on DY. B. Riley Financial upped 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. UBS Group decreased their price objective on Dycom Industries from $611.00 to $525.00 and set a “buy” rating for the company in a research report on Thursday, August 27th. Wells Fargo & Company set a $476.00 target price on Dycom Industries in a research note on Thursday, August 27th. Wall Street Zen lowered shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 25th. Finally, Weiss Ratings cut shares of Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, August 31st. Eleven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $502.42.

Dycom Industries Stock Performance

Shares of DY stock opened at $296.00 on Friday. Dycom Industries, Inc. has a fifty-two week low of $250.82 and a fifty-two week high of $566.47. The stock’s 50-day moving average is $384.69 and its two-hundred day moving average is $405.68. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.35 and a quick ratio of 2.24. The firm has a market cap of $8.93 billion, a P/E ratio of 26.93, a PEG ratio of 0.51 and a beta of 1.49.

Dycom Industries (NYSE:DY) last announced its quarterly earnings results on Wednesday, August 26th. The construction company reported $5.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.72 by $0.57. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.98 billion. Dycom Industries had a return on equity of 25.30% and a net margin of 4.79%.The firm’s revenue was up 45.6% on a year-over-year basis. During the same period in the previous year, the company earned $3.33 EPS. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. Analysts predict that Dycom Industries, Inc. will post 15.63 earnings per share for the current fiscal year.

Dycom Industries declared that its board has authorized a share repurchase plan on Wednesday, August 26th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 1.4% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

Insider Transactions at Dycom Industries

In other Dycom Industries news, Director David Fallon bought 700 shares of Dycom Industries stock in a transaction on Tuesday, September 1st. The stock was purchased at an average cost of $286.92 per share, for a total transaction of $200,844.00. Following the completion of the purchase, the director directly owned 1,043 shares of the company’s stock, valued at $299,257.56. The trade was a 204.08% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.22% of the stock is owned by company insiders.

Dycom Industries Profile

Dycom Industries, Inc is a specialty contractor that provides infrastructure construction and maintenance services for the telecommunications and utility industries. The company supports the expansion, upgrade and upkeep of communications networks, including fiber-optic, broadband, wireless and other voice and data systems.

Its services include engineering and design, aerial and underground construction, fiber and cable installation, wireless infrastructure deployment, network maintenance, utility locating, vegetation management and emergency restoration.