Janney Montgomery Scott LLC Purchases 7,811 Shares of Dycom Industries, Inc. $DY

Janney Montgomery Scott LLC increased its position in Dycom Industries, Inc. (NYSE:DY) by 1,148.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,491 shares of the construction company’s stock after purchasing an additional 7,811 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Dycom Industries were worth $2,877,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DY. Pictet Asset Management Holding SA grew its stake in shares of Dycom Industries by 11.3% in the 1st quarter. Pictet Asset Management Holding SA now owns 4,879 shares of the construction company’s stock valued at $1,653,000 after purchasing an additional 496 shares during the period. Union Bancaire Privee UBP SA lifted its position in shares of Dycom Industries by 190.7% during the 1st quarter. Union Bancaire Privee UBP SA now owns 8,552 shares of the construction company’s stock worth $2,898,000 after buying an additional 5,610 shares during the period. Louisiana State Employees Retirement System acquired a new stake in Dycom Industries in the 1st quarter valued at $2,948,000. Ritholtz Wealth Management acquired a new stake in Dycom Industries in the 1st quarter valued at $428,000. Finally, Fifth Third Wealth Advisors LLC grew its position in Dycom Industries by 4.0% in the first quarter. Fifth Third Wealth Advisors LLC now owns 943 shares of the construction company’s stock valued at $320,000 after acquiring an additional 36 shares during the period. Institutional investors own 98.33% of the company’s stock.

Wall Street Analysts Forecast Growth

DY has been the topic of several analyst reports. KeyCorp upped their target price on shares of Dycom Industries from $482.00 to $610.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Zacks Research upgraded shares of Dycom Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Wedbush set a $654.00 price objective on shares of Dycom Industries in a research note on Friday, May 29th. UBS Group reaffirmed a “buy” rating and set a $611.00 price objective on shares of Dycom Industries in a report on Friday, May 29th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Dycom Industries from $415.00 to $650.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $554.92.

Dycom Industries Stock Performance

Shares of Dycom Industries stock opened at $413.54 on Wednesday. The firm has a fifty day moving average of $453.98 and a two-hundred day moving average of $402.45. The stock has a market capitalization of $12.42 billion, a price-to-earnings ratio of 39.35, a PEG ratio of 0.76 and a beta of 1.50. Dycom Industries, Inc. has a 52 week low of $233.00 and a 52 week high of $566.47. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.46 and a current ratio of 2.58.

Dycom Industries (NYSE:DY) last released 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. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter last year, the firm earned $2.09 EPS. Dycom Industries’s quarterly revenue was up 56.1% compared to the same quarter last year. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. As a group, equities research analysts predict that Dycom Industries, Inc. will post 15.42 EPS for the current year.

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.