Dycom Industries, Inc. $DY Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its holdings in shares of Dycom Industries, Inc. (NYSE:DY) by 12.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 21,524 shares of the construction company’s stock after selling 3,004 shares during the quarter. Thrivent Financial for Lutherans owned about 0.07% of Dycom Industries worth $6,280,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Root Financial Partners LLC acquired a new stake in Dycom Industries in the third quarter worth about $26,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Dycom Industries during the 2nd quarter worth about $32,000. Salomon & Ludwin LLC bought a new stake in shares of Dycom Industries during the 3rd quarter worth about $37,000. EverSource Wealth Advisors LLC lifted 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 worth $39,000 after acquiring an additional 68 shares during the period. Finally, Caldwell Trust Co bought a new position in shares of Dycom Industries in the second quarter valued at approximately $61,000. Institutional investors own 98.33% of the company’s stock.

Dycom Industries Stock Performance

Shares of NYSE DY opened at $401.00 on Friday. The stock’s fifty day simple moving average is $356.91 and its 200 day simple moving average is $307.22. The stock has a market capitalization of $11.61 billion, a price-to-earnings ratio of 39.47, a PEG ratio of 1.44 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 52-week low of $131.37 and a 52-week high of $402.33.

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

Insider Buying and Selling at Dycom Industries

In other news, Director Eitan Gertel sold 3,645 shares of the business’s stock in a transaction that occurred 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 sale, the director 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 can be accessed through the SEC website. 3.72% of the stock is currently owned by company insiders.

Analyst Ratings Changes

DY has been the topic of a number of research analyst reports. Bank of America raised their price objective on shares of Dycom Industries from $310.00 to $365.00 and gave the company a “buy” rating in a research note on Friday, November 21st. Wall Street Zen lowered Dycom Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Guggenheim initiated coverage on Dycom Industries in a research note on Thursday, January 22nd. They issued a “buy” rating and a $510.00 price objective on the stock. UBS Group upped their price objective on Dycom Industries from $373.00 to $400.00 and gave the company a “buy” rating in a report on Monday, January 12th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Dycom Industries in a research note on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $395.20.

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.