GSA Capital Partners LLP Makes New Investment in Dycom Industries, Inc. $DY

GSA Capital Partners LLP bought a new position in shares of Dycom Industries, Inc. (NYSE:DY) during the second quarter, HoldingsChannel.com reports. The firm bought 1,993 shares of the construction company’s stock, valued at approximately $1,008,000.

Several other large investors have also added to or reduced their stakes in the company. Kemnay Advisory Services Inc. bought a new position in shares of Dycom Industries in the fourth quarter worth approximately $30,000. Acumen Wealth Advisors LLC bought a new stake in shares of Dycom Industries during the 4th quarter valued at $35,000. Legacy Wealth Managment LLC ID bought a new stake in shares of Dycom Industries during the 4th quarter valued at $39,000. EverSource Wealth Advisors LLC lifted its stake in shares of Dycom Industries by 73.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock valued at $39,000 after buying an additional 68 shares in the last quarter. Finally, Nemes Rush Group LLC purchased a new position in shares of Dycom Industries during the 4th quarter valued at $40,000. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Dycom Industries Price Performance

Shares of NYSE:DY opened at $433.33 on Tuesday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.46 and a current ratio of 2.58. The firm has a fifty day moving average price of $435.78 and a 200 day moving average price of $414.88. Dycom Industries, Inc. has a fifty-two week low of $233.00 and a fifty-two week high of $566.47. The firm has a market cap of $13.01 billion, a price-to-earnings ratio of 41.23, a P/E/G 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, beating the consensus estimate of $2.73 by $1.69. The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. Dycom Industries’s quarterly revenue was up 56.1% on a year-over-year basis. During the same period last year, the company 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 expect that Dycom Industries, Inc. will post 15.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on DY. Wedbush set a $654.00 price target on Dycom Industries in a research note on Friday, May 29th. UBS Group restated a “buy” rating on shares of Dycom Industries in a research report on Friday, July 24th. Cantor Fitzgerald upped their price objective on Dycom Industries from $436.00 to $654.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. Zacks Research cut Dycom Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Finally, Guggenheim lifted their target price on Dycom Industries from $575.00 to $620.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $554.92.

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.