Dycom Industries, Inc. $DY Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its stake in Dycom Industries, Inc. (NYSE:DY) by 15.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 146,144 shares of the construction company’s stock after selling 26,224 shares during the quarter. Assenagon Asset Management S.A. owned about 0.50% of Dycom Industries worth $42,639,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership acquired a new position in shares of Dycom Industries during the 2nd quarter valued at about $34,671,000. Voya Investment Management LLC grew its stake in shares of Dycom Industries by 1,432.2% during the 1st quarter. Voya Investment Management LLC now owns 144,883 shares of the construction company’s stock valued at $22,071,000 after buying an additional 135,427 shares during the period. Hill City Capital LP increased its holdings in shares of Dycom Industries by 14.1% during the 1st quarter. Hill City Capital LP now owns 969,784 shares of the construction company’s stock worth $147,737,000 after buying an additional 120,000 shares during the last quarter. Peconic Partners LLC increased its holdings in shares of Dycom Industries by 2.8% during the 2nd quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock worth $933,038,000 after buying an additional 105,586 shares during the last quarter. Finally, Appian Way Asset Management LP raised its position in shares of Dycom Industries by 108.1% in the 1st quarter. Appian Way Asset Management LP now owns 189,685 shares of the construction company’s stock worth $28,897,000 after buying an additional 98,542 shares during the period. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries Trading Up 0.3%

Shares of NYSE:DY opened at $341.03 on Friday. The company has a 50 day moving average of $314.93 and a 200-day moving average of $278.04. The company has a current ratio of 3.09, a quick ratio of 2.90 and a debt-to-equity ratio of 0.62. The firm has a market cap of $9.88 billion, a P/E ratio of 33.57, a P/E/G ratio of 1.75 and a beta of 1.36. Dycom Industries, Inc. has a twelve month low of $131.37 and a twelve month high of $366.65.

Dycom Industries (NYSE:DY) last posted its quarterly earnings results on Wednesday, November 19th. The construction company reported $3.63 earnings per share (EPS) for the quarter, beating the consensus estimate 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 22.21% and a net margin of 5.75%.The firm’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.68 earnings per share. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. As a group, analysts anticipate that Dycom Industries, Inc. will post 7.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Bank of America increased their price objective on shares of Dycom Industries from $310.00 to $365.00 and gave the stock a “buy” rating in a research report on Friday, November 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Dycom Industries in a report on Wednesday, October 8th. UBS Group boosted their price objective on Dycom Industries from $336.00 to $373.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. JPMorgan Chase & Co. upped their target price on Dycom Industries from $275.00 to $370.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. Finally, KeyCorp raised their target price on Dycom Industries from $320.00 to $392.00 and gave the company an “overweight” rating in a report on Friday, November 21st. Two equities research analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. According to data from MarketBeat, Dycom Industries has a consensus rating of “Buy” and a consensus price target of $371.25.

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.