GAMMA Investing LLC Boosts Stock Position in Dycom Industries, Inc. $DY

GAMMA Investing LLC grew its holdings in Dycom Industries, Inc. (NYSE:DY) by 83.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 705 shares of the construction company’s stock after buying an additional 320 shares during the quarter. GAMMA Investing LLC’s holdings in Dycom Industries were worth $172,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc purchased a new stake in shares of Dycom Industries in the first quarter valued at approximately $28,000. AlphaQuest LLC purchased a new stake in shares of Dycom Industries during the first quarter worth approximately $37,000. Federated Hermes Inc. increased its position in shares of Dycom Industries by 27.1% during the first quarter. Federated Hermes Inc. now owns 492 shares of the construction company’s stock worth $75,000 after purchasing an additional 105 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of Dycom Industries by 370.5% during the first quarter. Caitong International Asset Management Co. Ltd now owns 607 shares of the construction company’s stock worth $92,000 after purchasing an additional 478 shares in the last quarter. Finally, Archer Investment Corp purchased a new stake in shares of Dycom Industries during the first quarter worth approximately $99,000. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

Dycom Industries Price Performance

DY opened at $294.21 on Tuesday. The stock’s 50-day moving average price is $264.64 and its 200 day moving average price is $222.70. Dycom Industries, Inc. has a 12-month low of $131.37 and a 12-month high of $294.59. The company has a current ratio of 3.16, a quick ratio of 2.96 and a debt-to-equity ratio of 0.74. The firm has a market cap of $8.52 billion, a price-to-earnings ratio of 33.06, a PEG ratio of 1.37 and a beta of 1.18.

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

Wall Street Analyst Weigh In

Several analysts recently commented on DY shares. Zacks Research upgraded Dycom Industries to a “hold” rating in a research report on Monday, August 11th. Raymond James Financial boosted their price target on Dycom Industries from $290.00 to $300.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 21st. Wall Street Zen raised Dycom Industries from a “hold” rating to a “buy” rating in a research note on Friday, August 22nd. JPMorgan Chase & Co. boosted their price objective on Dycom Industries from $250.00 to $275.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Finally, DA Davidson boosted their price objective on Dycom Industries from $265.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $293.25.

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.