PEAK6 LLC Purchases Shares of 2,000 Dycom Industries, Inc. $DY

PEAK6 LLC purchased a new position in Dycom Industries, Inc. (NYSE:DY) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,000 shares of the construction company’s stock, valued at approximately $1,011,000.

Several other institutional investors have also recently made changes to their positions in DY. Jones Financial Companies Lllp boosted its stake in Dycom Industries by 4,626.1% during the first quarter. Jones Financial Companies Lllp now owns 2,174 shares of the construction company’s stock valued at $331,000 after buying an additional 2,128 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Dycom Industries by 7.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 69,726 shares of the construction company’s stock worth $10,622,000 after buying an additional 4,985 shares in the last quarter. Invesco Ltd. increased its stake in Dycom Industries by 7.0% in the 2nd quarter. Invesco Ltd. now owns 227,127 shares of the construction company’s stock worth $55,508,000 after acquiring an additional 14,891 shares during the last quarter. EverSource Wealth Advisors LLC raised 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 valued at $39,000 after acquiring an additional 68 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in shares of Dycom Industries by 8.9% during the 2nd quarter. Cerity Partners LLC now owns 2,239 shares of the construction company’s stock valued at $547,000 after acquiring an additional 183 shares during the last quarter. Institutional investors own 98.33% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DY. UBS Group reaffirmed a “buy” rating on shares of Dycom Industries in a research note on Friday, July 24th. JPMorgan Chase & Co. boosted their price target on shares of Dycom Industries from $415.00 to $650.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Wedbush set a $654.00 price target on shares of Dycom Industries in a report on Friday, May 29th. Wells Fargo & Company lifted their price objective on shares of Dycom Industries from $500.00 to $650.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Finally, B. Riley Financial upped their target price on shares of Dycom Industries from $485.00 to $625.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $578.09.

Dycom Industries Stock Up 0.1%

Shares of DY opened at $393.24 on Monday. Dycom Industries, Inc. has a 1 year low of $242.55 and a 1 year high of $566.47. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.58 and a quick ratio of 2.46. The stock has a 50 day simple moving average of $431.31 and a two-hundred day simple moving average of $415.79. The firm has a market cap of $11.81 billion, a P/E ratio of 37.42, a P/E/G ratio of 0.69 and a beta of 1.54.

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

Dycom Industries Company 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.