Alps Advisors Inc. Boosts Stock Position in Dycom Industries, Inc. $DY

Alps Advisors Inc. boosted its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 175.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,150 shares of the construction company’s stock after acquiring an additional 3,278 shares during the quarter. Alps Advisors Inc.’s holdings in Dycom Industries were worth $1,503,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Dycom Industries during the second quarter worth approximately $34,671,000. Voya Investment Management LLC increased its stake in Dycom Industries by 92.6% in the 3rd quarter. Voya Investment Management LLC now owns 237,576 shares of the construction company’s stock valued at $69,315,000 after buying an additional 114,235 shares during the period. Peconic Partners LLC raised its position in 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. WCM Investment Management LLC acquired a new stake in shares of Dycom Industries in the 3rd quarter worth $15,744,000. Finally, M&G PLC acquired a new stake in shares of Dycom Industries in the 2nd quarter worth $10,918,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

Insider Transactions at Dycom Industries

In other Dycom Industries news, Director Eitan Gertel sold 3,645 shares of Dycom Industries stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $345.62, for a total value of $1,259,784.90. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.72% of the company’s stock.

Analyst Upgrades and Downgrades

DY has been the topic of a number of recent analyst reports. B. Riley Financial boosted their price target on shares of Dycom Industries from $320.00 to $420.00 and gave the stock a “buy” rating in a research note on Friday, November 21st. Vertical Research began coverage on Dycom Industries in a research report on Tuesday, December 23rd. They set a “buy” rating and a $420.00 target price on the stock. DA Davidson increased their price objective on Dycom Industries from $300.00 to $390.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. JPMorgan Chase & Co. increased their target price on shares of Dycom Industries from $370.00 to $395.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. Finally, Guggenheim assumed coverage on Dycom Industries in a research report on Thursday, January 22nd. They issued a “buy” rating and a $510.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $395.20.

Dycom Industries Stock Down 1.1%

DY stock opened at $410.63 on Wednesday. The company has a 50 day moving average price of $359.37 and a two-hundred day moving average price of $310.04. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.90 and a current ratio of 3.09. The stock has a market capitalization of $11.89 billion, a P/E ratio of 40.42, a PEG ratio of 1.82 and a beta of 1.36. Dycom Industries, Inc. has a one year low of $131.37 and a one year high of $422.74.

Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Wednesday, November 19th. The construction company reported $3.63 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business’s revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the firm earned $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 expect that Dycom Industries, Inc. will post 7.13 EPS for the current year.

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.