Dycom Industries, Inc. $DY Shares Acquired by AlTi Global Inc.

AlTi Global Inc. increased its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 29.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,939 shares of the construction company’s stock after acquiring an additional 3,842 shares during the quarter. AlTi Global Inc. owned about 0.06% of Dycom Industries worth $4,942,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Leuthold Group LLC purchased a new position in shares of Dycom Industries in the 2nd quarter valued at approximately $3,762,000. Entropy Technologies LP lifted its holdings in shares of Dycom Industries by 378.1% during the second quarter. Entropy Technologies LP now owns 7,826 shares of the construction company’s stock worth $1,913,000 after purchasing an additional 6,189 shares during the period. Creative Planning grew its position in Dycom Industries by 88.7% in the 2nd quarter. Creative Planning now owns 12,195 shares of the construction company’s stock valued at $2,980,000 after buying an additional 5,731 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Dycom Industries by 7.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 131,312 shares of the construction company’s stock valued at $32,091,000 after buying an additional 9,531 shares during the period. Finally, Prudential Financial Inc. raised its position in Dycom Industries by 4.7% during the 2nd quarter. Prudential Financial Inc. now owns 29,961 shares of the construction company’s stock worth $7,322,000 after buying an additional 1,346 shares during the last quarter. 98.33% of the stock is owned by hedge funds and other institutional investors.

Dycom Industries Trading Up 3.9%

Shares of DY stock opened at $416.05 on Tuesday. The company has a market capitalization of $12.05 billion, a price-to-earnings ratio of 40.95, a PEG ratio of 1.76 and a beta of 1.36. 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 50-day moving average price of $358.25 and a 200 day moving average price of $309.01. Dycom Industries, Inc. has a twelve month low of $131.37 and a twelve month high of $422.74.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $1.41 billion. Dycom Industries had a net margin of 5.75% and a return on equity of 22.21%. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period 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. Research 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 firm’s stock in a transaction on Friday, January 9th. The stock was 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. This trade represents a 18.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.72% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on DY shares. JPMorgan Chase & Co. lifted 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. Wall Street Zen cut Dycom Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Vertical Research began coverage on Dycom Industries in a research note on Tuesday, December 23rd. They set a “buy” rating and a $420.00 target price for the company. Bank of America lifted their price target on Dycom Industries from $310.00 to $365.00 and gave the company a “buy” rating in a research note on Friday, November 21st. Finally, Guggenheim began coverage on Dycom Industries in a report on Thursday, January 22nd. They set a “buy” rating and a $510.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $395.20.

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.