Algert Global LLC Has $14.68 Million Stock Position in Dycom Industries, Inc. $DY

Algert Global LLC lifted its position in shares of Dycom Industries, Inc. (NYSE:DY) by 11.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,318 shares of the construction company’s stock after acquiring an additional 5,355 shares during the quarter. Algert Global LLC owned approximately 0.17% of Dycom Industries worth $14,681,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Leuthold Group LLC acquired a new position in Dycom Industries in the second quarter valued at approximately $3,762,000. Entropy Technologies LP boosted its stake in Dycom Industries by 378.1% in the second quarter. Entropy Technologies LP now owns 7,826 shares of the construction company’s stock valued at $1,913,000 after acquiring an additional 6,189 shares during the last quarter. 12th Street Asset Management Company LLC grew its holdings in Dycom Industries by 48.9% during the 3rd quarter. 12th Street Asset Management Company LLC now owns 67,238 shares of the construction company’s stock worth $19,617,000 after acquiring an additional 22,077 shares during the period. Creative Planning grew its holdings in Dycom Industries by 88.7% during the 2nd quarter. Creative Planning now owns 12,195 shares of the construction company’s stock worth $2,980,000 after acquiring an additional 5,731 shares during the period. Finally, New York Life Investment Management LLC bought a new stake in shares of Dycom Industries during the 3rd quarter valued at $830,000. Institutional investors own 98.33% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on DY shares. UBS Group set a $475.00 price target on Dycom Industries and gave the stock a “buy” rating in a research report on Friday, March 6th. B. Riley Financial upped their price objective on Dycom Industries from $420.00 to $485.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Vertical Research began coverage on Dycom Industries in a research note on Tuesday, December 23rd. They issued a “buy” rating and a $420.00 target price on the stock. KeyCorp raised their target price on Dycom Industries from $426.00 to $482.00 and gave the stock an “overweight” rating in a report on Thursday, March 5th. Finally, Zacks Research cut Dycom Industries from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $431.64.

Dycom Industries Stock Down 2.7%

Dycom Industries stock opened at $347.53 on Friday. The company has a 50 day moving average of $384.04 and a 200-day moving average of $331.25. The company has a quick ratio of 2.61, a current ratio of 2.74 and a debt-to-equity ratio of 1.51. Dycom Industries, Inc. has a twelve month low of $131.37 and a twelve month high of $445.52. The stock has a market capitalization of $10.42 billion, a PE ratio of 36.20, a price-to-earnings-growth ratio of 1.19 and a beta of 1.34.

Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Wednesday, March 4th. The construction company reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.12. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Dycom Industries had a return on equity of 21.77% and a net margin of 5.07%.Dycom Industries’s revenue for the quarter was up 34.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.17 earnings per share. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. On average, equities research analysts anticipate that Dycom Industries, Inc. will post 7.13 EPS for the current fiscal year.

Insider Activity at Dycom Industries

In other news, Director Eitan Gertel sold 3,645 shares of the stock in a transaction that occurred on 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 sale, the director owned 15,997 shares of the company’s stock, valued at approximately $5,528,883.14. This represents a 18.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 3.72% of the company’s stock.

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.