Journey Strategic Wealth LLC Takes Position in Dycom Industries, Inc. $DY

Journey Strategic Wealth LLC purchased a new position in shares of Dycom Industries, Inc. (NYSE:DY) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,209 shares of the construction company’s stock, valued at approximately $295,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. AlphaQuest LLC acquired a new stake in shares of Dycom Industries during the 1st quarter worth $37,000. Federated Hermes Inc. grew its stake in Dycom Industries by 27.1% during the first quarter. Federated Hermes Inc. now owns 492 shares of the construction company’s stock worth $75,000 after buying an additional 105 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Dycom Industries by 370.5% during the first quarter. Caitong International Asset Management Co. Ltd now owns 607 shares of the construction company’s stock worth $92,000 after buying an additional 478 shares in the last quarter. CWM LLC increased its holdings in Dycom Industries by 40.7% in the 1st quarter. CWM LLC now owns 785 shares of the construction company’s stock valued at $120,000 after buying an additional 227 shares during the period. Finally, Archer Investment Corp raised its position in shares of Dycom Industries by 6.2% in the 2nd quarter. Archer Investment Corp now owns 690 shares of the construction company’s stock valued at $169,000 after buying an additional 40 shares in the last quarter. 98.33% of the stock is owned by institutional investors and hedge funds.

Dycom Industries Trading Up 1.0%

NYSE DY opened at $326.69 on Monday. The business has a 50 day simple moving average of $288.11 and a 200 day simple moving average of $259.91. The stock has a market capitalization of $9.46 billion, a P/E ratio of 36.71, a P/E/G ratio of 1.38 and a beta of 1.23. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.16 and a quick ratio of 2.96. Dycom Industries, Inc. has a one year low of $131.37 and a one year high of $350.87.

Dycom Industries (NYSE:DY) last issued its earnings results on Wednesday, November 19th. The construction company reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.48. Dycom Industries had a return on equity of 21.17% and a net margin of 5.23%.The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same period in the previous year, the company posted $2.68 EPS. The firm’s revenue was up 14.2% compared to the same quarter last year. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. FY 2026 guidance at EPS. Research analysts expect that Dycom Industries, Inc. will post 7.13 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Zacks Research upgraded shares of Dycom Industries from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. KeyCorp lifted their price target on Dycom Industries from $320.00 to $392.00 and gave the company an “overweight” rating in a research note on Friday. Bank of America upped their price objective on Dycom Industries from $310.00 to $365.00 and gave the stock a “buy” rating in a research report on Friday. Wells Fargo & Company raised their price objective on Dycom Industries from $315.00 to $360.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Dycom Industries in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. According to MarketBeat.com, Dycom Industries has a consensus rating of “Buy” and a consensus price target of $371.25.

About Dycom Industries

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.