Great Lakes Advisors LLC Sells 1,984 Shares of Dycom Industries, Inc. $DY

Great Lakes Advisors LLC decreased its stake in Dycom Industries, Inc. (NYSE:DY) by 12.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 14,257 shares of the construction company’s stock after selling 1,984 shares during the period. Great Lakes Advisors LLC’s holdings in Dycom Industries were worth $4,160,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in DY. Peconic Partners LLC increased its stake in shares of Dycom Industries by 2.8% in the second quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock worth $933,038,000 after purchasing an additional 105,586 shares in the last quarter. Bank of America Corp DE increased its stake in Dycom Industries by 4.8% in the second quarter. Bank of America Corp DE now owns 307,545 shares of the construction company’s stock valued at $75,161,000 after acquiring an additional 14,147 shares during the last quarter. Voya Investment Management LLC raised its holdings in shares of Dycom Industries by 92.6% during the 3rd quarter. Voya Investment Management LLC now owns 237,576 shares of the construction company’s stock valued at $69,315,000 after buying an additional 114,235 shares in the last quarter. Invesco Ltd. raised its stake in shares of Dycom Industries by 7.0% during the second quarter. Invesco Ltd. now owns 227,127 shares of the construction company’s stock worth $55,508,000 after acquiring an additional 14,891 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in Dycom Industries by 19.9% in the 2nd quarter. Franklin Resources Inc. now owns 213,137 shares of the construction company’s stock worth $52,089,000 after purchasing an additional 35,323 shares during the period. 98.33% of the stock is currently owned by institutional investors.

Dycom Industries Price Performance

Shares of DY opened at $364.72 on Friday. Dycom Industries, Inc. has a fifty-two week low of $131.37 and a fifty-two week high of $386.94. The firm’s 50-day simple moving average is $353.94 and its two-hundred day simple moving average is $302.78. The stock has a market cap of $10.56 billion, a PE ratio of 35.90, a price-to-earnings-growth ratio of 1.88 and a beta of 1.34. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.90 and a current ratio of 3.09.

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

Insiders Place Their Bets

In related news, Director Eitan Gertel sold 3,645 shares of Dycom Industries stock in a transaction on Friday, January 9th. The stock was sold at an average price of $345.62, for a total value of $1,259,784.90. Following the completion of the sale, the director owned 15,997 shares of the company’s stock, valued at $5,528,883.14. The trade was a 18.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 3.72% of the company’s stock.

Analysts Set New Price Targets

DY has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Dycom Industries in a report on Wednesday, January 21st. Wall Street Zen raised shares of Dycom Industries from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 23rd. KeyCorp reiterated an “overweight” rating on shares of Dycom Industries in a report on Tuesday. Vertical Research began coverage on Dycom Industries in a report on Tuesday, December 23rd. They set a “buy” rating and a $420.00 price target on the stock. Finally, Bank of America upped their price target on Dycom Industries from $310.00 to $365.00 and gave the company a “buy” rating in a research report on Friday, November 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $392.70.

About Dycom Industries

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.