Greenleaf Trust Takes $246,000 Position in Dycom Industries, Inc. $DY

Greenleaf Trust purchased a new stake in Dycom Industries, Inc. (NYSE:DY) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,006 shares of the construction company’s stock, valued at approximately $246,000.

Several other hedge funds also recently made changes to their positions in DY. Versant Capital Management Inc purchased a new position in shares of Dycom Industries in the first quarter valued at $28,000. GAMMA Investing LLC grew its position in shares of Dycom Industries by 14,170.3% in the first quarter. GAMMA Investing LLC now owns 58,651 shares of the construction company’s stock valued at $8,935,000 after purchasing an additional 58,240 shares in the last quarter. IMC Chicago LLC purchased a new position in shares of Dycom Industries in the first quarter valued at $1,777,000. Simplicity Wealth LLC bought a new stake in Dycom Industries during the first quarter valued at $263,000. Finally, SG Americas Securities LLC bought a new stake in Dycom Industries during the first quarter valued at $342,000. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DY has been the subject of several research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Dycom Industries in a research note on Saturday, September 27th. UBS Group lifted their price objective on Dycom Industries from $288.00 to $296.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. DA Davidson lifted their price objective on Dycom Industries from $265.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Zacks Research raised Dycom Industries to a “hold” rating in a research note on Monday, August 11th. Finally, Wells Fargo & Company lifted their price objective on Dycom Industries from $295.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $293.25.

Dycom Industries Trading Down 1.7%

DY opened at $286.58 on Friday. The business has a 50 day simple moving average of $267.07 and a two-hundred day simple moving average of $225.95. The firm has a market capitalization of $8.30 billion, a price-to-earnings ratio of 32.20, a PEG ratio of 1.37 and a beta of 1.15. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.16 and a quick ratio of 2.96. Dycom Industries, Inc. has a one year low of $131.37 and a one year high of $300.00.

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

Dycom Industries Company 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.