Appian Way Asset Management LP Has $28.90 Million Stock Position in Dycom Industries, Inc. $DY

Key Points

• Appian Way Asset Management LP increased its stake in Dycom Industries by 108.1%, now holding approximately $28.9 million worth of shares.
• Several institutional investors have also significantly raised their holdings in Dycom Industries, with over 98% of the stock owned by institutional investors.
• Dycom Industries recently beat earnings estimates with a reported EPS of $3.33 for the quarter, while setting its FY 2026 EPS guidance between 3.030 and 3.36.

Appian Way Asset Management LP raised its stake in Dycom Industries, Inc. (NYSE:DY - Free Report) by 108.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,685 shares of the construction company's stock after acquiring an additional 98,542 shares during the period. Dycom Industries makes up about 6.5% of Appian Way Asset Management LP's portfolio, making the stock its 7th biggest holding. Appian Way Asset Management LP owned approximately 0.66% of Dycom Industries worth $28,897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Hill City Capital LP raised its holdings in Dycom Industries by 14.1% in the 1st quarter. Hill City Capital LP now owns 969,784 shares of the construction company's stock valued at $147,737,000 after acquiring an additional 120,000 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in shares of Dycom Industries by 851.6% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 475,637 shares of the construction company's stock worth $72,459,000 after buying an additional 425,652 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Dycom Industries by 327.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 399,226 shares of the construction company's stock worth $60,818,000 after buying an additional 305,755 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Dycom Industries by 8.7% during the 4th quarter. Northern Trust Corp now owns 320,481 shares of the construction company's stock worth $55,783,000 after buying an additional 25,571 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its holdings in shares of Dycom Industries by 261.6% during the 4th quarter. Point72 Asset Management L.P. now owns 224,277 shares of the construction company's stock worth $39,038,000 after buying an additional 162,262 shares in the last quarter. 98.33% of the stock is owned by institutional investors and hedge funds.

Dycom Industries Price Performance

Shares of DY opened at $252.44 on Tuesday. Dycom Industries, Inc. has a 12-month low of $131.37 and a 12-month high of $285.64. The business has a 50-day simple moving average of $258.58 and a two-hundred day simple moving average of $208.04. The company has a quick ratio of 2.96, a current ratio of 3.16 and a debt-to-equity ratio of 0.74. The stock has a market cap of $7.31 billion, a PE ratio of 28.36, a PEG ratio of 1.22 and a beta of 1.18.

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on DY shares. Wells Fargo & Company boosted their price target on Dycom Industries from $250.00 to $295.00 and gave the stock an "overweight" rating in a report on Monday, August 18th. UBS Group boosted their price target on Dycom Industries from $288.00 to $296.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. DA Davidson boosted their price target on Dycom Industries from $265.00 to $300.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. KeyCorp boosted their price target on Dycom Industries from $255.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Finally, JPMorgan Chase & Co. boosted their price target on Dycom Industries from $250.00 to $275.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned 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 $289.43.

About Dycom Industries

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.

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