IFP Advisors Inc Increases Stake in Dycom Industries, Inc. $DY

IFP Advisors Inc boosted its position in shares of Dycom Industries, Inc. (NYSE:DY) by 2,258.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,326 shares of the construction company’s stock after purchasing an additional 3,185 shares during the period. IFP Advisors Inc’s holdings in Dycom Industries were worth $1,124,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Sound Income Strategies LLC purchased a new stake in Dycom Industries during the 4th quarter valued at about $32,000. Root Financial Partners LLC purchased a new stake in Dycom Industries during the 3rd quarter valued at about $26,000. Optiver Holding B.V. grew its position in Dycom Industries by 57.1% during the 3rd quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock valued at $32,000 after purchasing an additional 40 shares during the last quarter. CI Investments Inc. grew its position in Dycom Industries by 259.4% during the 3rd quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock valued at $34,000 after purchasing an additional 83 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID purchased a new stake in Dycom Industries during the 4th quarter valued at about $39,000. 98.33% of the stock is owned by hedge funds and other institutional investors.

Dycom Industries Price Performance

DY opened at $412.73 on Friday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.61 and a current ratio of 2.74. The stock has a market capitalization of $12.39 billion, a P/E ratio of 42.99, a P/E/G ratio of 0.94 and a beta of 1.46. The company’s 50-day simple moving average is $389.47 and its two-hundred day simple moving average is $369.82. Dycom Industries, Inc. has a 52-week low of $220.60 and a 52-week high of $464.82.

Dycom Industries (NYSE:DY) last posted its earnings results on Wednesday, March 4th. The construction company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.12. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Dycom Industries had a net margin of 5.07% and a return on equity of 21.77%. The business’s revenue for the quarter was up 34.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.17 EPS. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. As a group, analysts predict that Dycom Industries, Inc. will post 12.89 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. B. Riley Financial increased their price objective on shares of Dycom Industries from $420.00 to $485.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Zacks Research upgraded shares of Dycom Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Weiss Ratings cut shares of Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Wall Street Zen cut shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th. Finally, Bank of America upped their target price on shares of Dycom Industries from $365.00 to $475.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. One 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 stock. Based on data from MarketBeat, Dycom Industries presently has a consensus rating of “Buy” and a consensus target price of $431.64.

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.