Advisors Asset Management Inc. Sells 3,845 Shares of Dycom Industries, Inc. $DY

Advisors Asset Management Inc. trimmed its position in Dycom Industries, Inc. (NYSE:DY) by 8.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,835 shares of the construction company’s stock after selling 3,845 shares during the period. Advisors Asset Management Inc. owned approximately 0.14% of Dycom Industries worth $9,735,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. AlTi Global Inc. lifted its holdings in shares of Dycom Industries by 20.7% in the second quarter. AlTi Global Inc. now owns 13,097 shares of the construction company’s stock valued at $3,201,000 after purchasing an additional 2,243 shares in the last quarter. Entropy Technologies LP raised its position in Dycom Industries by 378.1% in the 2nd quarter. Entropy Technologies LP now owns 7,826 shares of the construction company’s stock valued at $1,913,000 after buying an additional 6,189 shares during the last quarter. Greenleaf Trust bought a new position in Dycom Industries during the 2nd quarter valued at $246,000. Creative Planning lifted its stake in Dycom Industries by 88.7% during the 2nd quarter. Creative Planning now owns 12,195 shares of the construction company’s stock valued at $2,980,000 after acquiring an additional 5,731 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new stake in shares of Dycom Industries in the first quarter valued at about $387,000. 98.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on DY shares. Raymond James Financial boosted their price target on shares of Dycom Industries from $290.00 to $300.00 and gave the stock a “strong-buy” rating in a report on Thursday, August 21st. DA Davidson boosted their target price on shares of Dycom Industries from $300.00 to $390.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. UBS Group increased their price objective on Dycom Industries from $336.00 to $373.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Zacks Research raised Dycom Industries from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Finally, Bank of America lifted their target price on shares of Dycom Industries from $310.00 to $365.00 and gave the stock a “buy” rating in a research note on Friday, November 21st. Two research analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $371.25.

Dycom Industries Stock Up 2.3%

Shares of Dycom Industries stock opened at $348.47 on Wednesday. Dycom Industries, Inc. has a 1 year low of $131.37 and a 1 year high of $350.87. The firm has a market cap of $10.09 billion, a price-to-earnings ratio of 39.15, a PEG ratio of 1.38 and a beta of 1.23. The company has a 50-day moving average of $291.71 and a 200 day moving average of $262.12. 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 (NYSE:DY) last announced its earnings results on Wednesday, November 19th. The construction company reported $3.63 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.48. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Dycom Industries had a return on equity of 21.17% and a net margin of 5.23%.Dycom Industries’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period last year, the firm earned $2.68 EPS. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. FY 2026 guidance at EPS. As a group, sell-side analysts anticipate that Dycom Industries, Inc. will post 7.13 earnings per share for the current fiscal 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.