Dycom Industries, Inc. $DY Stake Decreased by Yousif Capital Management LLC

Yousif Capital Management LLC cut its holdings in shares of Dycom Industries, Inc. (NYSE:DY) by 16.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,095 shares of the construction company’s stock after selling 1,779 shares during the period. Yousif Capital Management LLC’s holdings in Dycom Industries were worth $2,654,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its stake in Dycom Industries by 859.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 633 shares of the construction company’s stock valued at $185,000 after acquiring an additional 567 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of Dycom Industries during the third quarter valued at $948,000. Somerset Trust Co increased its holdings in shares of Dycom Industries by 6.2% during the third quarter. Somerset Trust Co now owns 6,433 shares of the construction company’s stock valued at $1,877,000 after purchasing an additional 374 shares during the period. Voya Investment Management LLC raised its stake in shares of Dycom Industries by 92.6% during the third quarter. Voya Investment Management LLC now owns 237,576 shares of the construction company’s stock valued at $69,315,000 after purchasing an additional 114,235 shares in the last quarter. Finally, Harbour Capital Advisors LLC raised its stake in shares of Dycom Industries by 6.6% during the third quarter. Harbour Capital Advisors LLC now owns 9,234 shares of the construction company’s stock valued at $2,644,000 after purchasing an additional 569 shares in the last quarter. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Dycom Industries Stock Performance

Shares of DY opened at $348.05 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.09 and a quick ratio of 2.90. The firm’s 50 day moving average is $321.55 and its 200-day moving average is $283.02. Dycom Industries, Inc. has a 12-month low of $131.37 and a 12-month high of $366.65. The stock has a market capitalization of $10.08 billion, a P/E ratio of 34.26, a P/E/G ratio of 1.79 and a beta of 1.36.

Dycom Industries (NYSE:DY) last released its earnings results on Wednesday, November 19th. The construction company reported $3.63 EPS for the quarter, beating the consensus estimate of $3.15 by $0.48. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.41 billion. Dycom Industries had a net margin of 5.75% and a return on equity of 22.21%. The business’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.68 earnings per share. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. Equities research analysts anticipate that Dycom Industries, Inc. will post 7.13 EPS for the current fiscal year.

Analyst Ratings Changes

DY has been the subject of a number of recent analyst reports. KeyCorp increased their target price on shares of Dycom Industries from $320.00 to $392.00 and gave the company an “overweight” rating in a research report on Friday, November 21st. DA Davidson upped their price target on shares of Dycom Industries from $300.00 to $390.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. UBS Group increased their price objective on shares of Dycom Industries from $336.00 to $373.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Zacks Research upgraded shares of Dycom Industries from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Finally, JPMorgan Chase & Co. upped their target price on Dycom Industries from $275.00 to $370.00 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 nine have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $376.67.

Dycom Industries Profile

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.