Thompson Davis & CO. Inc. Has $849,000 Position in Dycom Industries, Inc. $DY

Thompson Davis & CO. Inc. trimmed its position in Dycom Industries, Inc. (NYSE:DY) by 55.7% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 2,910 shares of the construction company’s stock after selling 3,665 shares during the period. Thompson Davis & CO. Inc.’s holdings in Dycom Industries were worth $849,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in DY. Root Financial Partners LLC acquired a new stake in shares of Dycom Industries during the 3rd quarter worth approximately $26,000. Salomon & Ludwin LLC acquired a new stake in Dycom Industries during the 3rd quarter worth $37,000. UMB Bank n.a. raised its position in shares of Dycom Industries by 57.3% during the 3rd quarter. UMB Bank n.a. now owns 129 shares of the construction company’s stock valued at $38,000 after acquiring an additional 47 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Dycom Industries in the 2nd quarter valued at $32,000. Finally, Bessemer Group Inc. boosted its position in shares of Dycom Industries by 48.5% in the 3rd quarter. Bessemer Group Inc. now owns 150 shares of the construction company’s stock worth $43,000 after purchasing an additional 49 shares during the last quarter. Institutional investors own 98.33% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Guggenheim started coverage on Dycom Industries in a research report on Thursday, January 22nd. They set a “buy” rating and a $510.00 target price for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Dycom Industries in a research note on Wednesday, January 21st. Bank of America lifted their price target on shares of Dycom Industries from $310.00 to $365.00 and gave the stock a “buy” rating in a research report on Friday, November 21st. DA Davidson boosted their price target on shares of Dycom Industries from $300.00 to $390.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Finally, Wells Fargo & Company raised their price objective on Dycom Industries from $315.00 to $360.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. 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, Dycom Industries currently has an average rating of “Buy” and an average price target of $395.20.

Insider Activity at Dycom Industries

In other news, Director Eitan Gertel sold 3,645 shares of the firm’s 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 transaction, the director owned 15,997 shares in the company, valued at $5,528,883.14. This trade represents a 18.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.72% of the stock is currently owned by corporate insiders.

Dycom Industries Trading Up 6.6%

NYSE:DY opened at $401.00 on Friday. The company has a market cap of $11.61 billion, a P/E ratio of 39.47, a price-to-earnings-growth ratio of 1.44 and a beta of 1.36. Dycom Industries, Inc. has a twelve month low of $131.37 and a twelve month high of $402.33. The business has a 50 day moving average price of $356.91 and a two-hundred day moving average price of $307.22. 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 (NYSE:DY) last announced its quarterly earnings data on Wednesday, November 19th. The construction company reported $3.63 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.48. The business 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 firm’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.68 earnings per share. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. As a group, analysts expect that Dycom Industries, Inc. will post 7.13 EPS for the current fiscal year.

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.