TD Waterhouse Canada Inc. Takes Position in Dycom Industries, Inc. $DY

TD Waterhouse Canada Inc. acquired a new position in shares of Dycom Industries, Inc. (NYSE:DY) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,138 shares of the construction company’s stock, valued at approximately $2,961,000.

Several other institutional investors and hedge funds also recently made changes to their positions in DY. Root Financial Partners LLC acquired a new stake in Dycom Industries during the 3rd quarter valued at approximately $26,000. Salomon & Ludwin LLC acquired a new position in shares of Dycom Industries during the third quarter valued at about $37,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Dycom Industries during the 2nd quarter worth about $32,000. EverSource Wealth Advisors LLC grew its stake in shares of Dycom Industries by 73.1% in the 2nd 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 period. Finally, Caldwell Trust Co acquired a new stake in Dycom Industries in the second quarter valued at approximately $61,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

Analyst Upgrades and Downgrades

DY has been the topic of a number of recent research reports. KeyCorp reaffirmed an “overweight” rating on shares of Dycom Industries in a research note on Tuesday. Wall Street Zen raised shares of Dycom Industries from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 23rd. Bank of America increased their price target on shares of Dycom Industries from $310.00 to $365.00 and gave the company a “buy” rating in a research report on Friday, November 21st. B. Riley increased their target price on shares of Dycom Industries from $320.00 to $420.00 and gave the company a “buy” rating in a research report on Friday, November 21st. Finally, UBS Group raised their price target on shares of Dycom Industries from $373.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Dycom Industries has a consensus rating of “Buy” and an average target price of $392.70.

Dycom Industries Stock Down 0.2%

Shares of NYSE DY opened at $364.72 on Friday. The business has a 50-day moving average of $353.94 and a 200-day moving average of $303.14. The firm has a market capitalization of $10.56 billion, a price-to-earnings ratio of 35.90, a PEG ratio of 1.88 and a beta of 1.34. Dycom Industries, Inc. has a 12 month low of $131.37 and a 12 month high of $386.94. The company has a current ratio of 3.09, a quick ratio of 2.90 and a debt-to-equity ratio of 0.62.

Dycom Industries (NYSE:DY) last released its 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 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 firm earned $2.68 earnings per share. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. Sell-side analysts expect that Dycom Industries, Inc. will post 7.13 earnings per share for the current fiscal year.

Insider Transactions at Dycom Industries

In other Dycom Industries news, Director Eitan Gertel sold 3,645 shares of the company’s stock in a transaction dated 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 completion of the sale, the director directly owned 15,997 shares in the company, valued at $5,528,883.14. This represents a 18.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 3.72% of the stock is currently owned by insiders.

About Dycom Industries

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.