Elevation Point Wealth Partners LLC Purchases Shares of 1,296 Dycom Industries, Inc. $DY

Elevation Point Wealth Partners LLC purchased a new stake in Dycom Industries, Inc. (NYSE:DY) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,296 shares of the construction company’s stock, valued at approximately $439,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sound Income Strategies LLC bought a new position in shares of Dycom Industries during the 4th quarter worth approximately $32,000. Kemnay Advisory Services Inc. acquired a new stake in Dycom Industries in the fourth quarter valued at approximately $30,000. Acumen Wealth Advisors LLC acquired a new stake in Dycom Industries in the fourth quarter valued at approximately $35,000. CI Investments Inc. grew 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 worth $34,000 after purchasing an additional 83 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID purchased a new position in Dycom Industries in the fourth quarter worth $39,000. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Dycom Industries Stock Performance

Shares of DY opened at $425.75 on Thursday. The stock has a 50-day moving average of $454.17 and a two-hundred day moving average of $403.05. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.46 and a current ratio of 2.58. The stock has a market cap of $12.79 billion, a P/E ratio of 40.51, a P/E/G ratio of 0.73 and a beta of 1.50. Dycom Industries, Inc. has a one year low of $233.00 and a one year high of $566.47.

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, topping the consensus estimate of $2.73 by $1.69. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same period last year, the business posted $2.09 earnings per share. The company’s revenue for the quarter 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, research analysts predict that Dycom Industries, Inc. will post 15.42 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on Dycom Industries from $415.00 to $650.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. B. Riley Financial boosted their target price on Dycom Industries from $485.00 to $625.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. UBS Group reaffirmed a “buy” rating and set a $611.00 target price on shares of Dycom Industries in a research report on Friday, May 29th. Wedbush set a $654.00 price target on Dycom Industries in a research note on Friday, May 29th. Finally, Cantor Fitzgerald raised their price target on Dycom Industries from $436.00 to $654.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company’s stock. According to data from MarketBeat, Dycom Industries currently has a consensus 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.