1,598 Shares in Dycom Industries, Inc. $DY Purchased by denkapparat Operations GmbH

denkapparat Operations GmbH bought a new stake in shares of Dycom Industries, Inc. (NYSE:DY) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,598 shares of the construction company’s stock, valued at approximately $466,000.

A number of other hedge funds have also made changes to their positions in the stock. Root Financial Partners LLC purchased a new position in Dycom Industries during the third quarter valued at approximately $26,000. Salomon & Ludwin LLC purchased a new position in shares of Dycom Industries during the 3rd quarter valued at $37,000. UMB Bank n.a. grew its holdings 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 in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in Dycom Industries during the second quarter valued at $32,000. Finally, Bessemer Group Inc. grew its stake in Dycom Industries by 48.5% in the third quarter. Bessemer Group Inc. now owns 150 shares of the construction company’s stock valued at $43,000 after purchasing an additional 49 shares in the last quarter. 98.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. UBS Group boosted their price target on Dycom Industries from $373.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Guggenheim began coverage on shares of Dycom Industries in a research note on Thursday, January 22nd. They set a “buy” rating and a $510.00 price target on the stock. DA Davidson lifted their price objective on shares of Dycom Industries from $300.00 to $390.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. JPMorgan Chase & Co. upped their price objective on shares of Dycom Industries from $370.00 to $395.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. Finally, Zacks Research lowered Dycom Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. One investment 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 company. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $395.20.

Insider Activity at Dycom Industries

In related news, Director Eitan Gertel sold 3,645 shares of the stock in a transaction dated 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 completion of the sale, the director owned 15,997 shares in the company, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.72% of the company’s stock.

Dycom Industries Price Performance

Shares of NYSE:DY opened at $427.35 on Tuesday. The company has a market cap of $12.38 billion, a price-to-earnings ratio of 42.06, a PEG ratio of 1.88 and a beta of 1.36. The business has a 50 day moving average price of $365.22 and a 200 day moving average price of $314.48. 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, Inc. has a twelve month low of $131.37 and a twelve month high of $445.52.

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 company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.41 billion. Dycom Industries had a return on equity of 22.21% and a net margin of 5.75%.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 company earned $2.68 earnings per share. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. Research analysts predict that Dycom Industries, Inc. will post 7.13 earnings per share for the current 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.