1,263 Shares in Dycom Industries, Inc. $DY Purchased by Ritholtz Wealth Management

Ritholtz Wealth Management bought a new stake in shares of Dycom Industries, Inc. (NYSE:DY) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,263 shares of the construction company’s stock, valued at approximately $428,000.

Several other large investors have also modified their holdings of DY. Sound Income Strategies LLC purchased a new position in shares of Dycom Industries in the 4th quarter valued at $32,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Dycom Industries during the 4th quarter worth $30,000. Acumen Wealth Advisors LLC bought a new stake in Dycom Industries during the fourth quarter valued at about $35,000. CI Investments Inc. grew its stake 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 last quarter. Finally, Legacy Wealth Managment LLC ID bought a new position in Dycom Industries in the fourth quarter worth about $39,000. Institutional investors own 98.33% of the company’s stock.

Dycom Industries Stock Performance

Shares of Dycom Industries stock opened at $471.20 on Thursday. The company has a 50 day moving average price of $452.39 and a 200 day moving average price of $400.10. The firm has a market capitalization of $14.15 billion, a P/E ratio of 44.83, a PEG ratio of 0.89 and a beta of 1.50. The company has a quick ratio of 2.46, a current ratio of 2.58 and a debt-to-equity ratio of 1.48. Dycom Industries, Inc. has a 52 week low of $233.00 and a 52 week high of $566.47.

Dycom Industries (NYSE:DY) last released its earnings results 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 company had revenue of $1.96 billion for the quarter, compared to the consensus estimate 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 earned $2.09 EPS. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. Sell-side analysts expect that Dycom Industries, Inc. will post 15.42 EPS for the current year.

Analyst Upgrades and Downgrades

DY has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of Dycom Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. Cantor Fitzgerald raised their target price on shares of Dycom Industries from $436.00 to $654.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. Wells Fargo & Company lifted their price target on shares of Dycom Industries from $500.00 to $650.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. KeyCorp upped their price target on Dycom Industries from $482.00 to $610.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Finally, Wedbush set a $654.00 price objective on Dycom Industries in a report on Friday, May 29th. Two research analysts have rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. Based on data from MarketBeat.com, Dycom Industries presently has an average rating of “Buy” and an average price target of $554.92.

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.