Dycom Industries, Inc. $DY Shares Purchased by Advisors Asset Management Inc.

Key Points

• Advisors Asset Management Inc. increased its stake in Dycom Industries by 4.6%, acquiring an additional 1,922 shares, totaling approximately 43,680 shares valued at $6,654,000.
• Other institutional investors, including OVERSEA CHINESE BANKING Corp Ltd and Assenagon Asset Management S.A., made significant increases in their positions, indicating strong institutional interest with 98.33% of the company's stock now owned by institutional investors.
• Wall Street analysts have a positive outlook on Dycom Industries, with ratings ranging from "Hold" to "Strong Buy," and an average price target of $289.43 per share following recent upgrades from major brokerages.

Advisors Asset Management Inc. lifted its position in Dycom Industries, Inc. (NYSE:DY - Free Report) by 4.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,680 shares of the construction company's stock after purchasing an additional 1,922 shares during the quarter. Advisors Asset Management Inc. owned about 0.15% of Dycom Industries worth $6,654,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of DY. Versant Capital Management Inc purchased a new position in shares of Dycom Industries in the first quarter worth about $28,000. AlphaQuest LLC purchased a new position in Dycom Industries during the first quarter valued at approximately $37,000. Federated Hermes Inc. raised its position in Dycom Industries by 27.1% during the first quarter. Federated Hermes Inc. now owns 492 shares of the construction company's stock valued at $75,000 after acquiring an additional 105 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in Dycom Industries by 370.5% during the first quarter. Caitong International Asset Management Co. Ltd now owns 607 shares of the construction company's stock valued at $92,000 after acquiring an additional 478 shares in the last quarter. Finally, Archer Investment Corp purchased a new position in Dycom Industries during the first quarter valued at approximately $99,000. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

Dycom Industries Price Performance

DY traded up $0.03 during trading on Tuesday, hitting $252.53. The company's stock had a trading volume of 179,325 shares, compared to its average volume of 438,664. The company has a current ratio of 3.16, a quick ratio of 2.96 and a debt-to-equity ratio of 0.74. Dycom Industries, Inc. has a twelve month low of $131.37 and a twelve month high of $285.64. The business's fifty day simple moving average is $259.44 and its 200 day simple moving average is $210.64. The firm has a market capitalization of $7.31 billion, a price-to-earnings ratio of 28.37, a P/E/G ratio of 1.20 and a beta of 1.18.

Dycom Industries (NYSE:DY - Get Free Report) last issued its quarterly earnings data on Wednesday, August 20th. The construction company reported $3.33 EPS for the quarter, beating the consensus estimate of $2.92 by $0.41. Dycom Industries had a return on equity of 21.17% and a net margin of 5.23%.The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period last year, the company earned $2.46 earnings per share. Dycom Industries's quarterly revenue was up 14.5% compared to the same quarter last year. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. On average, equities research analysts forecast that Dycom Industries, Inc. will post 7.13 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Raymond James Financial lifted their price target on Dycom Industries from $290.00 to $300.00 and gave the company a "strong-buy" rating in a research report on Thursday, August 21st. JPMorgan Chase & Co. lifted their price target on Dycom Industries from $250.00 to $275.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Zacks Research upgraded Dycom Industries to a "hold" rating in a research report on Monday, August 11th. Wall Street Zen upgraded Dycom Industries from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. Finally, KeyCorp lifted their price target on Dycom Industries from $255.00 to $295.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $289.43.

Dycom Industries Company Profile

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.