Thompson Davis & CO. Inc. Has $1.69 Million Stock Position in Dycom Industries, Inc. $DY

Thompson Davis & CO. Inc. lowered its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 4.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,910 shares of the construction company’s stock after selling 340 shares during the period. Dycom Industries accounts for 0.7% of Thompson Davis & CO. Inc.’s holdings, making the stock its 19th biggest position. Thompson Davis & CO. Inc.’s holdings in Dycom Industries were worth $1,689,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in DY. Profund Advisors LLC raised its position in Dycom Industries by 4.5% during the second quarter. Profund Advisors LLC now owns 1,420 shares of the construction company’s stock worth $347,000 after acquiring an additional 61 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Dycom Industries by 5.5% in the 2nd quarter. Assetmark Inc. now owns 1,371 shares of the construction company’s stock valued at $335,000 after purchasing an additional 72 shares during the period. CW Advisors LLC lifted its stake in Dycom Industries by 1.0% in the 1st quarter. CW Advisors LLC now owns 9,338 shares of the construction company’s stock valued at $1,423,000 after purchasing an additional 91 shares during the last quarter. Federated Hermes Inc. lifted its stake in Dycom Industries by 27.1% in the 1st quarter. Federated Hermes Inc. now owns 492 shares of the construction company’s stock valued at $75,000 after purchasing an additional 105 shares during the last quarter. Finally, Somerset Trust Co increased its position in Dycom Industries by 1.8% during the second quarter. Somerset Trust Co now owns 6,059 shares of the construction company’s stock worth $1,481,000 after buying an additional 110 shares during the last quarter. 98.33% of the stock is owned by institutional investors.

Dycom Industries Trading Up 1.2%

Shares of NYSE DY opened at $294.04 on Thursday. The firm has a 50 day moving average price of $280.98 and a two-hundred day moving average price of $252.96. The stock has a market cap of $8.51 billion, a P/E ratio of 33.04, a price-to-earnings-growth ratio of 1.38 and a beta of 1.23. Dycom Industries, Inc. has a 52-week low of $131.37 and a 52-week high of $301.88. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.96 and a current ratio of 3.16.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Zacks Research upgraded Dycom Industries from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. KeyCorp increased their price target on Dycom Industries from $306.00 to $320.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Wells Fargo & Company increased their price objective on shares of Dycom Industries from $295.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, September 26th. Weiss Ratings restated a “buy (b)” rating on shares of Dycom Industries in a research note on Wednesday, October 8th. Finally, UBS Group lifted their price target on shares of Dycom Industries from $296.00 to $336.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Two equities research analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. According to MarketBeat.com, Dycom Industries presently has an average rating of “Buy” and an average target price of $301.38.

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.