Simplicity Wealth LLC Buys New Shares in Dycom Industries, Inc. $DY

Simplicity Wealth LLC purchased a new stake in shares of Dycom Industries, Inc. (NYSE:DY) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,534 shares of the construction company’s stock, valued at approximately $1,787,000.

Several other large investors have also made changes to their positions in DY. Northwestern Mutual Wealth Management Co. raised its stake in Dycom Industries by 265,593,055.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 23,903,384 shares of the construction company’s stock valued at $8,076,953,000 after purchasing an additional 23,903,375 shares during the period. Bank of New York Mellon Corp bought a new position in Dycom Industries in the 2nd quarter worth approximately $90,216,000. First Trust Advisors LP boosted its stake in Dycom Industries by 27.8% in the 1st quarter. First Trust Advisors LP now owns 798,699 shares of the construction company’s stock worth $270,615,000 after purchasing an additional 173,528 shares during the period. Alyeska Investment Group L.P. purchased a new stake in Dycom Industries during the 3rd quarter valued at approximately $44,553,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in Dycom Industries by 24.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 558,519 shares of the construction company’s stock valued at $188,725,000 after buying an additional 110,065 shares in the last quarter. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. KeyCorp boosted their target price on shares of Dycom Industries from $482.00 to $610.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. B. Riley Financial raised their target price on shares of Dycom Industries from $485.00 to $625.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Wells Fargo & Company lifted their price target on shares of Dycom Industries from $500.00 to $650.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. Wall Street Zen cut shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Finally, Weiss Ratings raised shares of Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Dycom Industries has a consensus rating of “Buy” and a consensus target price of $554.92.

Dycom Industries Price Performance

DY stock opened at $419.45 on Monday. Dycom Industries, Inc. has a 52 week low of $233.00 and a 52 week high of $566.47. The company has a quick ratio of 2.46, a current ratio of 2.58 and a debt-to-equity ratio of 1.48. The company has a fifty day simple moving average of $436.29 and a two-hundred day simple moving average of $414.47. The firm has a market capitalization of $12.60 billion, a P/E ratio of 39.91, a price-to-earnings-growth ratio of 0.74 and a beta of 1.54.

Dycom Industries (NYSE:DY) last posted its earnings results 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 for the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the firm 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. Analysts anticipate that Dycom Industries, Inc. will post 15.45 earnings per share for the current fiscal year.

About Dycom Industries

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.