Hennessy Advisors Inc. Sells 26,200 Shares of Dycom Industries, Inc. $DY

Hennessy Advisors Inc. decreased its holdings in shares of Dycom Industries, Inc. (NYSE:DY) by 10.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 236,700 shares of the construction company’s stock after selling 26,200 shares during the quarter. Dycom Industries comprises about 1.9% of Hennessy Advisors Inc.’s investment portfolio, making the stock its 5th biggest position. Hennessy Advisors Inc.’s holdings in Dycom Industries were worth $57,847,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in DY. Public Employees Retirement System of Ohio boosted its holdings in shares of 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 purchasing an additional 572 shares during the last quarter. Versant Capital Management Inc acquired a new stake in shares of Dycom Industries during the first quarter worth $28,000. GAMMA Investing LLC boosted its holdings in shares of Dycom Industries by 14,170.3% during the first quarter. GAMMA Investing LLC now owns 58,651 shares of the construction company’s stock worth $8,935,000 after purchasing an additional 58,240 shares during the last quarter. IMC Chicago LLC acquired a new stake in shares of Dycom Industries during the first quarter worth $1,777,000. Finally, Simplicity Wealth LLC acquired a new stake in shares of Dycom Industries during the first quarter worth $263,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries Trading Down 1.7%

NYSE:DY opened at $286.58 on Friday. The business’s 50-day moving average is $267.07 and its two-hundred day moving average is $225.48. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.16 and a quick ratio of 2.96. Dycom Industries, Inc. has a 12 month low of $131.37 and a 12 month high of $300.00. The firm has a market capitalization of $8.30 billion, a PE ratio of 32.20, a price-to-earnings-growth ratio of 1.39 and a beta of 1.15.

Dycom Industries (NYSE:DY) last released its quarterly earnings data on Wednesday, August 20th. The construction company reported $3.33 EPS for the quarter, beating the consensus estimate of $2.92 by $0.41. Dycom Industries had a return on equity of 21.17% and a net margin of 5.23%.The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period last year, the company posted $2.46 earnings per share. The firm’s revenue 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. Research analysts predict that Dycom Industries, Inc. will post 7.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

DY has been the topic of several research reports. Raymond James Financial increased their target price on Dycom Industries from $290.00 to $300.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 21st. Bank of America increased their target price on Dycom Industries from $299.00 to $310.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. KeyCorp increased their target price on Dycom Industries from $255.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. Wells Fargo & Company increased their target price on Dycom Industries from $295.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, September 26th. Finally, Zacks Research raised Dycom Industries to a “hold” rating in a research report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $293.25.

Dycom Industries Profile

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.