Salem Investment Counselors Inc. Reduces Stake in Dycom Industries, Inc. $DY

Salem Investment Counselors Inc. decreased its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 3.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,652 shares of the construction company’s stock after selling 521 shares during the period. Salem Investment Counselors Inc.’s holdings in Dycom Industries were worth $3,336,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. KBC Group NV increased its position in Dycom Industries by 18.9% during the first quarter. KBC Group NV now owns 1,443 shares of the construction company’s stock worth $220,000 after buying an additional 229 shares in the last quarter. SG Americas Securities LLC purchased a new position in Dycom Industries during the first quarter worth $342,000. Public Employees Retirement System of Ohio increased its position in Dycom Industries by 105.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 1,114 shares of the construction company’s stock worth $194,000 after buying an additional 572 shares in the last quarter. Federated Hermes Inc. increased its position in Dycom Industries by 27.1% during the first quarter. Federated Hermes Inc. now owns 492 shares of the construction company’s stock worth $75,000 after buying an additional 105 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new position in Dycom Industries during the first quarter worth $387,000. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on DY shares. Zacks Research raised Dycom Industries to a “hold” rating in a research report on Monday, August 11th. Wells Fargo & Company lifted their price objective on Dycom Industries from $250.00 to $295.00 and gave the company an “overweight” rating in a research report on Monday, August 18th. Raymond James Financial lifted their price objective on Dycom Industries from $290.00 to $300.00 and gave the company a “strong-buy” rating in a research report on Thursday, August 21st. B. Riley lifted their price objective on Dycom Industries from $200.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, May 23rd. Finally, DA Davidson lifted their price objective on Dycom Industries from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $289.43.

Dycom Industries Price Performance

Shares of Dycom Industries stock opened at $258.44 on Friday. Dycom Industries, Inc. has a twelve month low of $131.37 and a twelve month high of $285.64. The stock has a market capitalization of $7.48 billion, a P/E ratio of 29.04, a PEG ratio of 1.25 and a beta of 1.18. The company has a current ratio of 3.16, a quick ratio of 2.96 and a debt-to-equity ratio of 0.74. The business’s fifty day moving average price is $260.17 and its 200 day moving average price is $212.85.

Dycom Industries (NYSE:DY) last issued its earnings results on Wednesday, August 20th. The construction company reported $3.33 earnings per share for the quarter, beating analysts’ consensus estimates of $2.92 by $0.41. Dycom Industries had a return on equity of 21.17% and a net margin of 5.23%.The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter last year, the firm earned $2.46 earnings per share. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. As a group, research analysts anticipate that Dycom Industries, Inc. will post 7.13 earnings per share for the current year.

About Dycom Industries

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.