CW Advisors LLC Sells 6,991 Shares of Dycom Industries, Inc. $DY

CW Advisors LLC reduced its holdings in shares of Dycom Industries, Inc. (NYSE:DY) by 74.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,347 shares of the construction company’s stock after selling 6,991 shares during the period. CW Advisors LLC’s holdings in Dycom Industries were worth $574,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Twin Peaks Wealth Advisors LLC acquired a new stake in Dycom Industries during the second quarter worth approximately $32,000. AlphaQuest LLC bought a new position in shares of Dycom Industries during the 1st quarter worth approximately $37,000. Caitong International Asset Management Co. Ltd grew its position in shares of Dycom Industries by 370.5% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 607 shares of the construction company’s stock worth $92,000 after buying an additional 478 shares during the period. Archer Investment Corp increased its stake in shares of Dycom Industries by 6.2% in the 2nd quarter. Archer Investment Corp now owns 690 shares of the construction company’s stock valued at $169,000 after acquiring an additional 40 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Dycom Industries by 83.1% during the 2nd quarter. GAMMA Investing LLC now owns 705 shares of the construction company’s stock valued at $172,000 after acquiring an additional 320 shares during the period. 98.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on DY shares. B. Riley raised their price target on shares of Dycom Industries from $320.00 to $420.00 and gave the stock a “buy” rating in a report on Friday, November 21st. KeyCorp raised their target price on Dycom Industries from $320.00 to $392.00 and gave the company an “overweight” rating in a research note on Friday, November 21st. Raymond James Financial boosted their target price on Dycom Industries from $290.00 to $300.00 and gave the company a “strong-buy” rating in a research report on Thursday, August 21st. Zacks Research upgraded Dycom Industries from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Finally, DA Davidson raised their price objective on Dycom Industries from $300.00 to $390.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Two investment analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. According to data from MarketBeat, Dycom Industries has an average rating of “Buy” and a consensus price target of $371.25.

Dycom Industries Stock Down 0.5%

Shares of NYSE:DY opened at $347.04 on Wednesday. The stock has a market cap of $10.05 billion, a price-to-earnings ratio of 34.16, a PEG ratio of 1.82 and a beta of 1.36. The company has a quick ratio of 2.90, a current ratio of 3.09 and a debt-to-equity ratio of 0.62. Dycom Industries, Inc. has a 12-month low of $131.37 and a 12-month high of $364.40. The business’s 50 day moving average is $306.59 and its 200 day moving average is $272.76.

Dycom Industries (NYSE:DY) last released its quarterly earnings results on Wednesday, November 19th. The construction company reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.48. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.41 billion. Dycom Industries had a return on equity of 22.21% and a net margin of 5.75%.Dycom Industries’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.68 EPS. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. On average, sell-side analysts forecast that Dycom Industries, Inc. will post 7.13 earnings per share for the current fiscal year.

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.