Pacer Advisors Inc. Purchases 1,412 Shares of Dycom Industries, Inc. $DY

Pacer Advisors Inc. increased its position in Dycom Industries, Inc. (NYSE:DY) by 41.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,816 shares of the construction company’s stock after buying an additional 1,412 shares during the period. Pacer Advisors Inc.’s holdings in Dycom Industries were worth $1,632,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DY. Sound Income Strategies LLC acquired a new stake in Dycom Industries in the fourth quarter valued at approximately $32,000. Kemnay Advisory Services Inc. acquired a new position in shares of Dycom Industries during the 4th quarter worth $30,000. Acumen Wealth Advisors LLC acquired a new position in shares of Dycom Industries during the 4th quarter worth $35,000. Legacy Wealth Managment LLC ID bought a new position in shares of Dycom Industries during the 4th quarter valued at $39,000. Finally, Nemes Rush Group LLC bought a new position in shares of Dycom Industries during the 4th quarter valued at $40,000. Institutional investors own 98.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on DY shares. B. Riley Financial lifted their price objective 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. KeyCorp raised their target price on Dycom Industries from $482.00 to $610.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Weiss Ratings downgraded Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, July 29th. UBS Group restated a “buy” rating on shares of Dycom Industries in a report on Friday, July 24th. Finally, JPMorgan Chase & Co. increased their price target on Dycom Industries from $415.00 to $650.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $554.92.

Dycom Industries Stock Up 2.1%

DY opened at $408.11 on Friday. The business has a 50 day moving average of $443.82 and a 200-day moving average of $412.87. The stock has a market capitalization of $12.26 billion, a price-to-earnings ratio of 38.83, a P/E/G ratio of 0.72 and a beta of 1.54. 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, Inc. has a 1-year low of $233.00 and a 1-year high of $566.47.

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