Applied Fundamental Research LLC Cuts Stock Holdings in Dycom Industries, Inc. $DY

Applied Fundamental Research LLC lessened its position in Dycom Industries, Inc. (NYSE:DY) by 20.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 54,018 shares of the construction company’s stock after selling 13,728 shares during the period. Dycom Industries makes up about 15.3% of Applied Fundamental Research LLC’s holdings, making the stock its largest position. Applied Fundamental Research LLC owned 0.19% of Dycom Industries worth $15,760,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Root Financial Partners LLC acquired a new stake in Dycom Industries in the 3rd quarter valued at $26,000. Salomon & Ludwin LLC acquired a new position in Dycom Industries during the third quarter worth $37,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Dycom Industries in the second quarter valued at $32,000. EverSource Wealth Advisors LLC grew its holdings in shares of Dycom Industries by 73.1% during the second quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock valued at $39,000 after buying an additional 68 shares during the last quarter. Finally, Caldwell Trust Co bought a new stake in shares of Dycom Industries during the second quarter worth about $61,000. 98.33% of the stock is owned by institutional investors and hedge funds.

Dycom Industries Stock Up 2.4%

Shares of NYSE:DY opened at $375.07 on Thursday. Dycom Industries, Inc. has a 1 year low of $131.37 and a 1 year high of $379.89. The company has a market capitalization of $10.86 billion, a PE ratio of 36.92, a price-to-earnings-growth ratio of 1.89 and a beta of 1.34. The business has a fifty day moving average price of $344.87 and a two-hundred day moving average price of $297.33. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.09 and a quick ratio of 2.90.

Dycom Industries (NYSE:DY) last released 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 22.21% and a net margin of 5.75%.The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.68 EPS. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. Analysts forecast that Dycom Industries, Inc. will post 7.13 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on DY shares. KeyCorp raised their price target on shares of Dycom Industries from $320.00 to $392.00 and gave the company an “overweight” rating in a research report on Friday, November 21st. Vertical Research assumed coverage on Dycom Industries in a research note on Tuesday, December 23rd. They issued a “buy” rating and a $420.00 price objective for the company. Bank of America lifted their target price on Dycom Industries from $310.00 to $365.00 and gave the company a “buy” rating in a research report on Friday, November 21st. Wells Fargo & Company upped their price target on Dycom Industries from $315.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Finally, B. Riley increased their price target on Dycom Industries from $320.00 to $420.00 and gave the company a “buy” rating in a research report on Friday, November 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $379.67.

Insider Buying and Selling

In other Dycom Industries news, Director Eitan Gertel sold 3,645 shares of the business’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $345.62, for a total value of $1,259,784.90. Following the transaction, the director directly owned 15,997 shares in the company, valued at $5,528,883.14. The trade was a 18.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.72% of the company’s stock.

Dycom Industries Profile

Dycom Industries, Inc (NYSE: DY) is a leading provider of specialty contracting services to the telecommunications industry in North America. The company delivers engineering, construction, installation and maintenance solutions for communications infrastructure, supporting a broad range of network technologies and system architectures. Dycom’s services span outside plant construction, cable placement, fiber optic deployment, wireless and wireline network engineering, as well as testing and turn-up services for voice, data and video applications.

Dycom’s customer base includes major telecommunications carriers, cable operators, utility companies and competitive local exchange carriers.