14,230 Shares in Dycom Industries, Inc. $DY Acquired by Danske Bank A S

Danske Bank A S bought a new stake in Dycom Industries, Inc. (NYSE:DY) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,230 shares of the construction company’s stock, valued at approximately $7,195,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. &PARTNERS lifted its stake in shares of Dycom Industries by 2.5% during the fourth quarter. &PARTNERS now owns 1,053 shares of the construction company’s stock valued at $356,000 after acquiring an additional 26 shares during the period. EverSource Wealth Advisors LLC lifted its position in Dycom Industries by 17.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the construction company’s stock valued at $69,000 after purchasing an additional 30 shares during the period. Legacy Wealth Managment LLC ID boosted its stake in shares of Dycom Industries by 30.4% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 150 shares of the construction company’s stock valued at $51,000 after purchasing an additional 35 shares during the last quarter. Osaic Holdings Inc. boosted its stake in shares of Dycom Industries by 1.7% in the 4th quarter. Osaic Holdings Inc. now owns 2,062 shares of the construction company’s stock valued at $697,000 after purchasing an additional 35 shares during the last quarter. Finally, CWM LLC grew its position in shares of Dycom Industries by 1.9% during the 4th quarter. CWM LLC now owns 1,956 shares of the construction company’s stock worth $661,000 after buying an additional 36 shares during the period. Institutional investors and hedge funds own 98.33% of the company’s stock.

Wall Street Analyst Weigh In

DY has been the topic of several analyst reports. Cantor Fitzgerald increased their price objective on shares of Dycom Industries from $436.00 to $654.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Weiss Ratings upgraded Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 13th. Wall Street Zen lowered shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. KeyCorp increased their price objective on shares of Dycom Industries from $482.00 to $610.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Finally, 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 report on Thursday, May 28th. Eleven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $578.09.

Dycom Industries Stock Down 1.7%

DY stock opened at $393.24 on Friday. Dycom Industries, Inc. has a fifty-two week low of $242.55 and a fifty-two week high of $566.47. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.58 and a quick ratio of 2.46. The stock has a market capitalization of $11.81 billion, a price-to-earnings ratio of 37.42, a PEG ratio of 0.71 and a beta of 1.54. The business’s fifty day moving average price is $431.31 and its two-hundred day moving average price is $415.56.

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, beating 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 company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the previous year, the business posted $2.09 earnings per share. Dycom Industries’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. On average, equities analysts anticipate that Dycom Industries, Inc. will post 15.45 earnings per share for the current year.

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.