Envestnet Asset Management Inc. Lowers Stake in Dycom Industries, Inc. $DY

Envestnet Asset Management Inc. lessened its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 35.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,924 shares of the construction company’s stock after selling 6,468 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Dycom Industries were worth $2,914,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in DY. AlTi Global Inc. lifted its position in Dycom Industries by 20.7% during the second quarter. AlTi Global Inc. now owns 13,097 shares of the construction company’s stock valued at $3,201,000 after acquiring an additional 2,243 shares during the last quarter. Greenleaf Trust acquired a new position in shares of Dycom Industries during the second quarter worth $246,000. Federated Hermes Inc. lifted its holdings in shares of Dycom Industries by 27.1% during the 1st quarter. Federated Hermes Inc. now owns 492 shares of the construction company’s stock valued at $75,000 after purchasing an additional 105 shares during the last quarter. Cetera Investment Advisers purchased a new stake in shares of Dycom Industries during the 1st quarter valued at $387,000. Finally, KLP Kapitalforvaltning AS boosted its position in shares of Dycom Industries by 8.5% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 6,400 shares of the construction company’s stock worth $1,564,000 after purchasing an additional 500 shares in the last quarter. 98.33% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DY has been the topic of several recent analyst reports. UBS Group upped their target price on Dycom Industries from $296.00 to $336.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Zacks Research upgraded Dycom Industries from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Wall Street Zen downgraded shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday. DA Davidson lifted their target price on shares of Dycom Industries from $265.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Dycom Industries in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $302.63.

Dycom Industries Price Performance

Shares of NYSE:DY opened at $290.94 on Friday. Dycom Industries, Inc. has a twelve month low of $131.37 and a twelve month high of $301.88. 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 company has a market cap of $8.42 billion, a PE ratio of 32.69, a price-to-earnings-growth ratio of 1.38 and a beta of 1.23. The company’s 50 day moving average is $282.41 and its 200 day moving average is $254.64.

Dycom Industries (NYSE:DY) last announced 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. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Dycom Industries had a net margin of 5.23% and a return on equity of 21.17%. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.46 EPS. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. On average, sell-side analysts forecast that Dycom Industries, Inc. will post 7.13 EPS for the current year.

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.