Dycom Industries, Inc. $DY Shares Acquired by Rhumbline Advisers

Rhumbline Advisers lifted its position in shares of Dycom Industries, Inc. (NYSE:DY) by 2.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 82,808 shares of the construction company’s stock after buying an additional 1,621 shares during the period. Rhumbline Advisers’ holdings in Dycom Industries were worth $20,237,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Dycom Industries during the 1st quarter worth $483,000. Avantax Advisory Services Inc. increased its stake in Dycom Industries by 15.7% in the first quarter. Avantax Advisory Services Inc. now owns 2,109 shares of the construction company’s stock valued at $321,000 after purchasing an additional 286 shares during the last quarter. Cetera Investment Advisers acquired a new position in Dycom Industries in the first quarter valued at $387,000. LPL Financial LLC lifted its position in Dycom Industries by 6.8% during the first quarter. LPL Financial LLC now owns 10,798 shares of the construction company’s stock worth $1,645,000 after buying an additional 685 shares during the period. Finally, Mackenzie Financial Corp boosted its stake in Dycom Industries by 42.6% in the 1st quarter. Mackenzie Financial Corp now owns 2,568 shares of the construction company’s stock worth $391,000 after buying an additional 767 shares during the last quarter. 98.33% of the stock is owned by hedge funds and other institutional investors.

Dycom Industries Trading Up 1.9%

NYSE:DY opened at $355.14 on Friday. The business’s 50-day moving average is $295.27 and its two-hundred day moving average is $263.41. 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 $362.54. The firm has a market capitalization of $10.28 billion, a PE ratio of 39.90, a price-to-earnings-growth ratio of 1.38 and a beta of 1.23.

Dycom Industries (NYSE:DY) last issued its earnings results on Wednesday, November 19th. The construction company reported $3.63 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.48. Dycom Industries had a return on equity of 21.17% and a net margin of 5.23%.The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the prior year, the business earned $2.68 earnings per share. The company’s revenue was up 14.2% compared to the same quarter last year. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. FY 2026 guidance at EPS. Research analysts predict that Dycom Industries, Inc. will post 7.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on DY. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Dycom Industries in a research note on Wednesday, October 8th. JPMorgan Chase & Co. upped their price target on shares of Dycom Industries from $275.00 to $370.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. B. Riley lifted their price target on shares of Dycom Industries from $320.00 to $420.00 and gave the company a “buy” rating in a report on Friday, November 21st. Zacks Research raised shares of Dycom Industries from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Finally, Wells Fargo & Company increased their target price on Dycom Industries from $315.00 to $360.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. Two investment analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $371.25.

Dycom Industries Company 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.