Advisors Asset Management Inc. Decreases Stake in Dycom Industries, Inc. $DY

Advisors Asset Management Inc. cut its holdings in shares of Dycom Industries, Inc. (NYSE:DY) by 15.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 33,791 shares of the construction company’s stock after selling 6,044 shares during the period. Advisors Asset Management Inc. owned approximately 0.12% of Dycom Industries worth $9,859,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership purchased a new stake in Dycom Industries during the 2nd quarter worth approximately $34,671,000. Voya Investment Management LLC grew its stake in shares of Dycom Industries by 92.6% during the 3rd quarter. Voya Investment Management LLC now owns 237,576 shares of the construction company’s stock worth $69,315,000 after purchasing an additional 114,235 shares during the period. Peconic Partners LLC grew its holdings in Dycom Industries by 2.8% in the second quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock valued at $933,038,000 after purchasing an additional 105,586 shares during the last quarter. WCM Investment Management LLC purchased a new position in Dycom Industries during the third quarter worth $15,744,000. Finally, M&G PLC acquired a new stake in Dycom Industries during the second quarter worth approximately $10,918,000. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Insiders Place Their Bets

In related news, Director Eitan Gertel sold 3,645 shares of the firm’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 value of $1,259,784.90. Following the transaction, the director owned 15,997 shares of the company’s stock, valued at approximately $5,528,883.14. This trade represents a 18.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.72% of the stock is currently owned by insiders.

Dycom Industries Stock Performance

Shares of Dycom Industries stock opened at $429.17 on Thursday. Dycom Industries, Inc. has a 1-year low of $131.37 and a 1-year high of $429.99. The company has a 50 day moving average of $360.89 and a 200-day moving average of $310.87. The company has a current ratio of 3.09, a quick ratio of 2.90 and a debt-to-equity ratio of 0.62. The company has a market cap of $12.43 billion, a PE ratio of 42.24, a price-to-earnings-growth ratio of 1.80 and a beta of 1.36.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on DY shares. KeyCorp reissued an “overweight” rating on shares of Dycom Industries in a research report on Tuesday, January 27th. Wells Fargo & Company lifted their price objective on shares of Dycom Industries from $315.00 to $360.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. Bank of America boosted their target price on Dycom Industries from $310.00 to $365.00 and gave the stock a “buy” rating in a report on Friday, November 21st. Guggenheim initiated coverage on Dycom Industries in a research note on Thursday, January 22nd. They set a “buy” rating and a $510.00 price objective for the company. Finally, Vertical Research assumed coverage on shares of Dycom Industries in a report on Tuesday, December 23rd. They set a “buy” rating and a $420.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Dycom Industries currently has an average rating of “Buy” and an average 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.