4,629 Shares in Dycom Industries, Inc. $DY Acquired by OP Asset Management Ltd

OP Asset Management Ltd bought a new position in shares of Dycom Industries, Inc. (NYSE:DY) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,629 shares of the construction company’s stock, valued at approximately $1,568,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. acquired a new position in shares of Dycom Industries during the fourth quarter worth $30,000. Sound Income Strategies LLC acquired a new stake in Dycom Industries in the fourth quarter valued at $32,000. CI Investments Inc. increased its holdings in Dycom Industries by 259.4% in the third 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 period. Acumen Wealth Advisors LLC bought a new position in Dycom Industries during the 4th quarter worth $35,000. Finally, Legacy Wealth Managment LLC ID bought a new position in Dycom Industries during the 4th quarter worth $39,000. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Guggenheim upped their price target on Dycom Industries from $575.00 to $620.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Weiss Ratings downgraded Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 18th. Zacks Research raised Dycom Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 8th. JPMorgan Chase & Co. upped their target price on Dycom Industries from $415.00 to $650.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. Finally, Wall Street Zen raised shares of Dycom Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 6th. Two investment analysts have rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $554.92.

Dycom Industries Stock Performance

Shares of DY opened at $489.10 on Monday. The company has a current ratio of 2.58, a quick ratio of 2.46 and a debt-to-equity ratio of 1.48. The firm’s fifty day simple moving average is $446.92 and its two-hundred day simple moving average is $397.17. Dycom Industries, Inc. has a 12 month low of $233.00 and a 12 month high of $566.47. The stock has a market capitalization of $14.69 billion, a P/E ratio of 46.54, a price-to-earnings-growth ratio of 0.86 and a beta of 1.49.

Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Wednesday, May 27th. The construction company reported $4.42 earnings per share for the quarter, topping the consensus estimate of $2.73 by $1.69. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.67 billion. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.The business’s quarterly revenue was up 56.1% on a year-over-year basis. During the same period last year, the company posted $2.09 EPS. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. As a group, analysts predict that Dycom Industries, Inc. will post 15.42 EPS 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.