Thrivent Financial for Lutherans Acquires 3,098 Shares of Dycom Industries, Inc. $DY

Thrivent Financial for Lutherans grew its holdings in Dycom Industries, Inc. (NYSE:DY) by 14.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,528 shares of the construction company’s stock after acquiring an additional 3,098 shares during the period. Thrivent Financial for Lutherans owned 0.08% of Dycom Industries worth $5,995,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Peconic Partners LLC boosted its holdings in 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. Millennium Management LLC lifted its position in shares of Dycom Industries by 3.2% in the first quarter. Millennium Management LLC now owns 1,481,394 shares of the construction company’s stock worth $225,676,000 after buying an additional 45,562 shares during the last quarter. Hill City Capital LP lifted its position in shares of Dycom Industries by 14.1% in the first quarter. Hill City Capital LP now owns 969,784 shares of the construction company’s stock worth $147,737,000 after buying an additional 120,000 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Dycom Industries by 4.8% during the 2nd quarter. Bank of America Corp DE now owns 307,545 shares of the construction company’s stock worth $75,161,000 after acquiring an additional 14,147 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Dycom Industries by 7.0% during the 2nd quarter. Invesco Ltd. now owns 227,127 shares of the construction company’s stock valued at $55,508,000 after acquiring an additional 14,891 shares during the last quarter. Institutional investors own 98.33% of the company’s stock.

Dycom Industries Trading Up 1.0%

Shares of DY stock opened at $344.48 on Friday. The firm has a market capitalization of $9.98 billion, a P/E ratio of 33.91, a price-to-earnings-growth ratio of 1.76 and a beta of 1.36. Dycom Industries, Inc. has a 1 year low of $131.37 and a 1 year high of $366.65. The firm’s fifty day simple moving average is $316.13 and its 200 day simple moving average is $278.85. The company has a current ratio of 3.09, a quick ratio of 2.90 and a debt-to-equity ratio of 0.62.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on DY shares. Wells Fargo & Company boosted their target price on Dycom Industries from $315.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. KeyCorp boosted their price objective on shares of Dycom Industries from $320.00 to $392.00 and gave the stock an “overweight” rating in a research note on Friday, November 21st. UBS Group raised their target price on shares of Dycom Industries from $336.00 to $373.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. DA Davidson boosted their target price on shares of Dycom Industries from $300.00 to $390.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Finally, Wall Street Zen upgraded shares of Dycom Industries from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 23rd. Two analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $371.25.

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.