Dycom Industries, Inc. $DY Shares Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS raised its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 8.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,400 shares of the construction company’s stock after buying an additional 500 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Dycom Industries were worth $1,564,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Millennium Management LLC grew its holdings in Dycom Industries by 3.2% during the 1st quarter. Millennium Management LLC now owns 1,481,394 shares of the construction company’s stock valued at $225,676,000 after buying an additional 45,562 shares during the last quarter. Hill City Capital LP boosted its holdings in shares of Dycom Industries by 14.1% during the first quarter. Hill City Capital LP now owns 969,784 shares of the construction company’s stock worth $147,737,000 after purchasing an additional 120,000 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of Dycom Industries by 851.6% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 475,637 shares of the construction company’s stock worth $72,459,000 after purchasing an additional 425,652 shares during the last quarter. Appian Way Asset Management LP boosted its holdings in shares of Dycom Industries by 108.1% during the first quarter. Appian Way Asset Management LP now owns 189,685 shares of the construction company’s stock worth $28,897,000 after purchasing an additional 98,542 shares during the last quarter. Finally, Voya Investment Management LLC boosted its holdings in shares of Dycom Industries by 1,432.2% during the first quarter. Voya Investment Management LLC now owns 144,883 shares of the construction company’s stock worth $22,071,000 after purchasing an additional 135,427 shares during the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries Trading Up 2.4%

NYSE:DY opened at $291.28 on Tuesday. The business’s 50-day moving average is $269.79 and its two-hundred day moving average is $231.93. 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 12 month low of $131.37 and a 12 month high of $300.00. The firm has a market capitalization of $8.43 billion, a PE ratio of 32.73, a price-to-earnings-growth ratio of 1.36 and a beta of 1.15.

Dycom Industries (NYSE:DY) last released its quarterly earnings data on Wednesday, August 20th. The construction company reported $3.33 EPS for the quarter, beating 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 company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period last year, the company posted $2.46 earnings per share. The firm’s revenue was up 14.5% compared to the same quarter last year. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. Research analysts predict that Dycom Industries, Inc. will post 7.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on DY shares. UBS Group raised their price objective on Dycom Industries from $296.00 to $336.00 and gave the stock a “buy” rating in a report on Monday. Wall Street Zen upgraded Dycom Industries from a “hold” rating to a “buy” rating in a report on Friday, August 22nd. DA Davidson raised their price objective on Dycom Industries from $265.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. Wells Fargo & Company raised their price objective on Dycom Industries from $295.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, September 26th. Finally, Bank of America raised their price objective on Dycom Industries from $299.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $298.25.

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.