Callahan Advisors LLC Reduces Position in Dycom Industries, Inc. $DY

Callahan Advisors LLC trimmed its holdings in Dycom Industries, Inc. (NYSE:DY) by 6.6% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 32,571 shares of the construction company’s stock after selling 2,290 shares during the quarter. Callahan Advisors LLC owned about 0.11% of Dycom Industries worth $9,503,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Archer Investment Corp boosted its holdings in shares of Dycom Industries by 6.2% during 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 during the last quarter. Quadrant Capital Group LLC lifted its position in Dycom Industries by 1.0% during the second quarter. Quadrant Capital Group LLC now owns 4,492 shares of the construction company’s stock valued at $1,098,000 after purchasing an additional 46 shares during the period. Campbell Newman Asset Management Inc. boosted its holdings in Dycom Industries by 0.4% in the third quarter. Campbell Newman Asset Management Inc. now owns 14,815 shares of the construction company’s stock worth $4,322,000 after purchasing an additional 60 shares during the last quarter. Profund Advisors LLC boosted its holdings in Dycom Industries by 4.5% in the second quarter. Profund Advisors LLC now owns 1,420 shares of the construction company’s stock worth $347,000 after purchasing an additional 61 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Dycom Industries by 9.1% in the 3rd quarter. GAMMA Investing LLC now owns 769 shares of the construction company’s stock worth $224,000 after purchasing an additional 64 shares during the period. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Insider Activity at Dycom Industries

In related news, Director Eitan Gertel sold 3,645 shares of Dycom Industries stock in a transaction on Friday, January 9th. The shares were sold at an average price of $345.62, for a total transaction of $1,259,784.90. Following the transaction, the director owned 15,997 shares in the company, valued at approximately $5,528,883.14. The trade was a 18.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.72% of the stock is owned by insiders.

Analyst Ratings Changes

DY has been the topic of a number of research reports. Wells Fargo & Company raised their price target on Dycom Industries from $315.00 to $360.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. JPMorgan Chase & Co. increased their target price on Dycom Industries from $275.00 to $370.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. Zacks Research downgraded Dycom Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. DA Davidson upped their price target on shares of Dycom Industries from $300.00 to $390.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Finally, Wall Street Zen raised shares of Dycom Industries from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Dycom Industries has a consensus rating of “Buy” and a consensus target price of $392.70.

Dycom Industries Stock Down 3.0%

DY stock opened at $367.64 on Monday. The business’s 50-day moving average price is $348.32 and its 200-day moving average price is $299.37. The stock has a market cap of $10.65 billion, a P/E ratio of 36.18, a PEG ratio of 1.90 and a beta of 1.34. 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 twelve month low of $131.37 and a twelve month high of $386.94.

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. Dycom Industries had a net margin of 5.75% and a return on equity of 22.21%. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter last year, the business earned $2.68 EPS. The firm’s revenue was up 14.2% compared to the same quarter last year. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. On average, equities research analysts forecast that Dycom Industries, Inc. will post 7.13 EPS for the current year.

Dycom Industries Company 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.