Dycom Industries, Inc. $DY Shares Purchased by Assetmark Inc.

Assetmark Inc. lifted its holdings in Dycom Industries, Inc. (NYSE:DY) by 730.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 7,742 shares of the construction company’s stock after purchasing an additional 6,810 shares during the quarter. Assetmark Inc.’s holdings in Dycom Industries were worth $2,623,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of DY. Sound Income Strategies LLC acquired a new stake in Dycom Industries in the fourth quarter valued at approximately $32,000. Kemnay Advisory Services Inc. acquired a new position in shares of Dycom Industries during the 4th quarter worth approximately $30,000. Acumen Wealth Advisors LLC purchased a new position in shares of Dycom Industries during the 4th quarter valued at approximately $35,000. Legacy Wealth Managment LLC ID purchased a new position in shares of Dycom Industries during the 4th quarter valued at approximately $39,000. Finally, Nemes Rush Group LLC acquired a new stake in Dycom Industries in the 4th quarter valued at $40,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries Stock Performance

DY opened at $440.32 on Friday. The firm has a market capitalization of $13.22 billion, a PE ratio of 41.90, a PEG ratio of 0.76 and a beta of 1.50. Dycom Industries, Inc. has a twelve month low of $233.00 and a twelve month high of $566.47. The firm’s 50-day moving average price is $452.25 and its 200 day moving average price is $408.98. The company has a current ratio of 2.58, a quick ratio of 2.46 and a debt-to-equity ratio of 1.48.

Dycom Industries (NYSE:DY) last announced its quarterly earnings data on Wednesday, May 27th. The construction company reported $4.42 earnings per share (EPS) 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 revenue was up 56.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.09 EPS. 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 15.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DY shares. UBS Group reissued a “buy” rating and issued a $611.00 price target on shares of Dycom Industries in a report on Friday, May 29th. Cantor Fitzgerald lifted their target price on shares of Dycom Industries from $436.00 to $654.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. JPMorgan Chase & Co. boosted their target price on shares of Dycom Industries from $415.00 to $650.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Weiss Ratings upgraded shares of Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, July 6th. Finally, KeyCorp raised their price target on shares of Dycom Industries from $482.00 to $610.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Two investment analysts have rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price 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.