Simplicity Wealth LLC Increases Holdings in Dycom Industries, Inc. $DY

Simplicity Wealth LLC grew its holdings in Dycom Industries, Inc. (NYSE:DY) by 49.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,513 shares of the construction company’s stock after acquiring an additional 1,500 shares during the period. Simplicity Wealth LLC’s holdings in Dycom Industries were worth $1,525,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Torren Management LLC purchased a new position in shares of Dycom Industries in the fourth quarter valued at about $96,000. M&T Bank Corp purchased a new position in shares of Dycom Industries in the fourth quarter valued at about $341,000. Pictet Asset Management Holding SA lifted its position in shares of Dycom Industries by 8.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 4,383 shares of the construction company’s stock valued at $1,481,000 after acquiring an additional 325 shares in the last quarter. State of Michigan Retirement System purchased a new position in shares of Dycom Industries in the fourth quarter valued at about $2,298,000. Finally, UBS Group AG lifted its position in shares of Dycom Industries by 19.7% in the fourth quarter. UBS Group AG now owns 173,432 shares of the construction company’s stock valued at $58,603,000 after acquiring an additional 28,551 shares in the last quarter. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

Dycom Industries Trading Down 3.2%

Shares of DY stock opened at $390.42 on Thursday. Dycom Industries, Inc. has a 12-month low of $162.30 and a 12-month high of $445.52. The company has a current ratio of 2.74, a quick ratio of 2.61 and a debt-to-equity ratio of 1.51. The stock’s 50-day moving average price is $380.28 and its 200-day moving average price is $355.11. The stock has a market capitalization of $11.72 billion, a price-to-earnings ratio of 40.67, a price-to-earnings-growth ratio of 0.96 and a beta of 1.38.

Dycom Industries (NYSE:DY) last issued its quarterly earnings data on Wednesday, March 4th. The construction company reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.12. Dycom Industries had a return on equity of 21.77% and a net margin of 5.07%.The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the previous year, the firm posted $1.17 earnings per share. The firm’s revenue for the quarter was up 34.4% on a year-over-year basis. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. Equities research analysts predict that Dycom Industries, Inc. will post 12.88 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of Dycom Industries in a research report on Wednesday, January 21st. Cantor Fitzgerald restated an “overweight” rating and issued a $436.00 price objective on shares of Dycom Industries in a research report on Friday, March 27th. Bank of America lifted their target price on Dycom Industries from $365.00 to $475.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. JPMorgan Chase & Co. lifted their target price on Dycom Industries from $395.00 to $415.00 and gave the stock an “overweight” rating in a report on Thursday, March 5th. Finally, UBS Group set a $475.00 target price on Dycom Industries and gave the stock a “buy” rating in a report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $431.64.

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.