SG Americas Securities LLC Has $1.93 Million Stock Position in Dycom Industries, Inc. (NYSE:DY)

Posted by on Jul 23rd, 2023

SG Americas Securities LLC increased its stake in shares of Dycom Industries, Inc. (NYSE:DY – Free Report) by 193.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,604 shares of the construction company’s stock after buying an additional 13,588 shares during the period. SG Americas Securities LLC owned 0.07% of Dycom Industries worth $1,930,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Campbell Newman Asset Management Inc. lifted its position in Dycom Industries by 0.9% during the 1st quarter. Campbell Newman Asset Management Inc. now owns 13,763 shares of the construction company’s stock worth $1,289,000 after buying an additional 120 shares in the last quarter. Retirement Systems of Alabama lifted its position in Dycom Industries by 0.4% during the 4th quarter. Retirement Systems of Alabama now owns 38,826 shares of the construction company’s stock valued at $3,634,000 after purchasing an additional 137 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Dycom Industries by 0.9% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 17,268 shares of the construction company’s stock valued at $1,607,000 after purchasing an additional 148 shares during the period. BNP Paribas Arbitrage SA lifted its position in Dycom Industries by 2.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,082 shares of the construction company’s stock valued at $659,000 after purchasing an additional 168 shares during the period. Finally, Howe & Rusling Inc. lifted its position in Dycom Industries by 4.5% during the 4th quarter. Howe & Rusling Inc. now owns 4,004 shares of the construction company’s stock valued at $375,000 after purchasing an additional 174 shares during the period. Institutional investors and hedge funds own 97.67% of the company’s stock.

Dycom Industries Stock Performance

Shares of NYSE:DY opened at $107.00 on Friday. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 18.38 and a beta of 1.32. The firm’s 50 day simple moving average is $106.48 and its 200 day simple moving average is $97.42. The company has a debt-to-equity ratio of 0.90, a current ratio of 3.43 and a quick ratio of 3.16. Dycom Industries, Inc. has a fifty-two week low of $77.33 and a fifty-two week high of $122.13.

Dycom Industries (NYSE:DY – Get Free Report) last posted its earnings results on Wednesday, May 24th. The construction company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $1.03. Dycom Industries had a return on equity of 19.99% and a net margin of 4.38%. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $940.22 million. During the same period in the prior year, the business earned $0.51 EPS. Dycom Industries’s revenue for the quarter was up 19.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Dycom Industries, Inc. will post 6.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DY. StockNews.com upgraded shares of Dycom Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, July 18th. Wells Fargo & Company upgraded shares of Dycom Industries from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $105.00 to $120.00 in a research report on Thursday, May 25th. Raymond James initiated coverage on shares of Dycom Industries in a research report on Wednesday, May 31st. They issued an “outperform” rating and a $120.00 price target on the stock. Finally, DA Davidson reiterated a “buy” rating on shares of Dycom Industries in a research report on Wednesday, May 31st. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $127.33.

Dycom Industries Company Profile

(Free Report)

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.

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Institutional Ownership by Quarter for Dycom Industries (NYSE:DY)

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