Algert Global LLC Sells 8,057 Shares of Dycom Industries, Inc. $DY

Key Points

• Algert Global LLC reduced its stake in Dycom Industries by 66.2%, leading to ownership of 4,110 shares valued at $626,000 after selling 8,057 shares in Q1.
• Several large investors increased their holdings in Dycom Industries, with Aberdeen Group plc boosting its position by 5.3% and Caitong International Asset Management increasing its stake by 370.5%.
• Analysts have expressed bullish sentiments about Dycom, with Wells Fargo raising the price target from $250 to $295 and multiple firms rating the stock as a "Buy" or "Overweight."

Algert Global LLC lowered its stake in Dycom Industries, Inc. (NYSE:DY - Free Report) by 66.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,110 shares of the construction company's stock after selling 8,057 shares during the quarter. Algert Global LLC's holdings in Dycom Industries were worth $626,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Aberdeen Group plc lifted its stake in shares of Dycom Industries by 5.3% in the 1st quarter. Aberdeen Group plc now owns 25,900 shares of the construction company's stock valued at $3,946,000 after purchasing an additional 1,300 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in Dycom Industries by 370.5% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 607 shares of the construction company's stock worth $92,000 after buying an additional 478 shares during the period. Russell Investments Group Ltd. raised its stake in Dycom Industries by 13.7% during the 1st quarter. Russell Investments Group Ltd. now owns 24,012 shares of the construction company's stock worth $3,658,000 after buying an additional 2,897 shares during the period. Arrowpoint Investment Partners Singapore Pte. Ltd. raised its stake in Dycom Industries by 3,536.4% during the 1st quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. now owns 4,000 shares of the construction company's stock worth $609,000 after buying an additional 3,890 shares during the period. Finally, Public Sector Pension Investment Board raised its stake in Dycom Industries by 27.7% during the 1st quarter. Public Sector Pension Investment Board now owns 92,567 shares of the construction company's stock worth $14,102,000 after buying an additional 20,101 shares during the period. Institutional investors and hedge funds own 98.33% of the company's stock.

Analysts Set New Price Targets

DY has been the topic of several research analyst reports. Wells Fargo & Company raised their price objective on Dycom Industries from $250.00 to $295.00 and gave the stock an "overweight" rating in a research note on Monday, August 18th. Wall Street Zen raised Dycom Industries from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. DA Davidson raised their price objective on Dycom Industries from $265.00 to $300.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. KeyCorp raised their price objective on Dycom Industries from $255.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Finally, UBS Group raised their price objective on Dycom Industries from $288.00 to $296.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, Dycom Industries presently has an average rating of "Buy" and a consensus target price of $289.43.

Dycom Industries Stock Down 1.6%

Shares of NYSE DY traded down $4.05 during mid-day trading on Friday, hitting $252.44. The company had a trading volume of 278,600 shares, compared to its average volume of 460,946. The company has a market capitalization of $7.31 billion, a PE ratio of 28.36, a price-to-earnings-growth ratio of 1.24 and a beta of 1.34. The firm has a 50-day simple moving average of $258.24 and a two-hundred day simple moving average of $207.24. 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 one year low of $131.37 and a one year high of $285.64.

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

Dycom Industries 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.