LPL Financial LLC Increases Position in Dycom Industries, Inc. $DY

LPL Financial LLC boosted its holdings in Dycom Industries, Inc. (NYSE:DY) by 6.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,798 shares of the construction company’s stock after purchasing an additional 685 shares during the period. LPL Financial LLC’s holdings in Dycom Industries were worth $1,645,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of DY. Envestnet Asset Management Inc. raised its stake in Dycom Industries by 5.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 19,828 shares of the construction company’s stock worth $3,451,000 after buying an additional 938 shares in the last quarter. Mariner LLC raised its stake in Dycom Industries by 31.0% in the fourth quarter. Mariner LLC now owns 1,916 shares of the construction company’s stock worth $334,000 after buying an additional 453 shares in the last quarter. XTX Topco Ltd bought a new position in Dycom Industries in the fourth quarter worth about $360,000. Marshall Wace LLP bought a new position in Dycom Industries in the fourth quarter worth about $1,314,000. Finally, GeoWealth Management LLC raised its stake in Dycom Industries by 35.9% in the fourth quarter. GeoWealth Management LLC now owns 348 shares of the construction company’s stock worth $61,000 after buying an additional 92 shares in the last quarter. 98.33% of the stock is owned by institutional investors.

Dycom Industries Stock Up 2.0%

Shares of Dycom Industries stock opened at $262.4060 on Friday. The company has a market cap of $7.59 billion, a price-to-earnings ratio of 29.48, a price-to-earnings-growth ratio of 1.47 and a beta of 1.34. The company’s 50 day moving average is $255.48 and its 200 day moving average is $204.74. Dycom Industries, Inc. has a twelve month low of $131.37 and a twelve month high of $285.64. The company has a quick ratio of 2.68, a current ratio of 3.16 and a debt-to-equity ratio of 0.74.

Dycom Industries (NYSE:DY) last released its quarterly earnings results 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 business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.41 billion. Dycom Industries had a net margin of 5.23% and a return on equity of 21.17%. The company’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period last year, the firm earned $2.46 earnings per share. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. Research analysts anticipate that Dycom Industries, Inc. will post 7.13 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. KeyCorp upped their price objective on shares of Dycom Industries from $255.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. Zacks Research upgraded shares of Dycom Industries to a “hold” rating in a report on Monday, August 11th. B. Riley upped their price objective on shares of Dycom Industries from $200.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, May 23rd. Wall Street Zen cut shares of Dycom Industries from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Finally, DA Davidson upped their price objective on shares of Dycom Industries from $265.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $278.75.

Dycom Industries 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.