State of Wyoming Sells 1,378 Shares of Dycom Industries, Inc. $DY

State of Wyoming lowered its holdings in shares of Dycom Industries, Inc. (NYSE:DY) by 21.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,182 shares of the construction company’s stock after selling 1,378 shares during the period. State of Wyoming’s holdings in Dycom Industries were worth $1,756,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Kemnay Advisory Services Inc. bought a new position in shares of Dycom Industries during the 4th quarter worth approximately $30,000. Sound Income Strategies LLC bought a new stake in shares of Dycom Industries in the 4th quarter valued at $32,000. Acumen Wealth Advisors LLC acquired a new position in shares of Dycom Industries during the 4th quarter valued at $35,000. Legacy Wealth Managment LLC ID bought a new position in Dycom Industries during the fourth quarter worth $39,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Dycom Industries by 73.1% in the second quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock worth $39,000 after purchasing an additional 68 shares during the period. 98.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Dycom Industries from $415.00 to $650.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Wells Fargo & Company raised their target price on Dycom Industries from $500.00 to $650.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Weiss Ratings raised Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, July 6th. Wall Street Zen raised Dycom Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 6th. Finally, B. Riley Financial increased their price target on Dycom Industries from $485.00 to $625.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. Based on data from MarketBeat, Dycom Industries currently has an average rating of “Buy” and a consensus target price of $554.92.

Dycom Industries Stock Performance

DY opened at $433.78 on Thursday. Dycom Industries, Inc. has a 1-year low of $233.00 and a 1-year high of $566.47. The company has a market cap of $13.03 billion, a price-to-earnings ratio of 41.27, a PEG ratio of 0.75 and a beta of 1.50. The company’s fifty day moving average price is $452.46 and its two-hundred day moving average price is $408.32. The company has a current ratio of 2.58, a quick ratio of 2.46 and a debt-to-equity ratio of 1.48.

Dycom Industries (NYSE:DY) last posted its earnings results on Wednesday, May 27th. The construction company reported $4.42 EPS for the quarter, topping the consensus estimate of $2.73 by $1.69. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the firm posted $2.09 earnings per share. The firm’s revenue for the quarter 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 expect that Dycom Industries, Inc. will post 15.42 EPS 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.