12th Street Asset Management Company LLC Increases Position in Dycom Industries, Inc. $DY

12th Street Asset Management Company LLC increased its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 48.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 67,238 shares of the construction company’s stock after buying an additional 22,077 shares during the quarter. Dycom Industries comprises about 3.3% of 12th Street Asset Management Company LLC’s holdings, making the stock its 13th largest position. 12th Street Asset Management Company LLC owned approximately 0.23% of Dycom Industries worth $19,617,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership acquired a new stake in Dycom Industries during the 2nd quarter worth approximately $34,671,000. Voya Investment Management LLC raised its stake in shares of Dycom Industries by 92.6% during the third 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 last quarter. Peconic Partners LLC raised its stake in shares of Dycom Industries by 2.8% during the second quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock worth $933,038,000 after purchasing an additional 105,586 shares during the last quarter. WCM Investment Management LLC acquired a new stake in shares of Dycom Industries during the third quarter worth $15,744,000. Finally, M&G PLC acquired a new position in Dycom Industries in the 2nd quarter valued at $10,918,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

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 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 completion of the sale, the director directly owned 15,997 shares of the company’s stock, valued at $5,528,883.14. The trade was a 18.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.72% of the stock is currently owned by company insiders.

Dycom Industries Stock Down 2.9%

Shares of NYSE:DY opened at $417.06 on Friday. 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 firm has a market cap of $12.08 billion, a price-to-earnings ratio of 41.05, a PEG ratio of 1.89 and a beta of 1.36. The stock’s 50-day moving average price is $362.13 and its two-hundred day moving average price is $311.61. Dycom Industries, Inc. has a 12-month low of $131.37 and a 12-month high of $445.53.

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, topping the consensus estimate of $3.15 by $0.48. Dycom Industries had a net margin of 5.75% and a return on equity of 22.21%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the prior year, the firm posted $2.68 EPS. The company’s revenue was up 14.2% on a year-over-year basis. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. On average, research analysts forecast that Dycom Industries, Inc. will post 7.13 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on DY. DA Davidson raised their target price on shares of Dycom Industries from $300.00 to $390.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. KeyCorp restated an “overweight” rating on shares of Dycom Industries in a research report on Tuesday, January 27th. B. Riley Financial boosted their target price on Dycom Industries from $320.00 to $420.00 and gave the stock a “buy” rating in a research report on Friday, November 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Dycom Industries in a research note on Wednesday, January 21st. Finally, UBS Group raised their price target on Dycom Industries from $373.00 to $400.00 and gave the company a “buy” rating in a report on Monday, January 12th. 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. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price 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.