Aristotle Capital Boston LLC Trims Holdings in Dycom Industries, Inc. $DY

Key Points

• Aristotle Capital Boston LLC trimmed its stake in Dycom by 37.1% in Q3, selling 88,910 shares and now holds 150,752 shares (~0.52% of Dycom) valued at about $43.98 million, which represents 2.3% of Aristotle’s portfolio and is its third-largest position.
• Sell-side analysts are mostly bullish: the consensus rating is a Moderate Buy with an average price target of $431.64, and firms including Bank of America, B. Riley and UBS raised targets into the $475–$485 range with Buy ratings.
• Dycom recently beat quarterly estimates with $2.03 EPS (vs. $1.91 est.) and $1.46B revenue (up 34.4% YoY), provided Q1 2027 guidance of $2.57–$2.90, and faces sell-side full-year EPS forecasts around $7.13.

Aristotle Capital Boston LLC lessened its holdings in Dycom Industries, Inc. (NYSE:DY - Free Report) by 37.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 150,752 shares of the construction company's stock after selling 88,910 shares during the quarter. Dycom Industries accounts for 2.3% of Aristotle Capital Boston LLC's investment portfolio, making the stock its 3rd biggest position. Aristotle Capital Boston LLC owned 0.52% of Dycom Industries worth $43,983,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Root Financial Partners LLC bought a new position in shares of Dycom Industries during the third quarter valued at about $26,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Dycom Industries in the second quarter worth about $32,000. Optiver Holding B.V. lifted its stake in shares of Dycom Industries by 57.1% in the 3rd quarter. Optiver Holding B.V. now owns 110 shares of the construction company's stock valued at $32,000 after acquiring an additional 40 shares during the last quarter. CI Investments Inc. lifted its stake in shares of Dycom Industries by 259.4% in the 3rd quarter. CI Investments Inc. now owns 115 shares of the construction company's stock valued at $34,000 after acquiring an additional 83 shares during the last quarter. Finally, Salomon & Ludwin LLC purchased a new stake in Dycom Industries during the 3rd quarter valued at about $37,000. 98.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

DY has been the topic of several recent research reports. Bank of America raised their price target on Dycom Industries from $365.00 to $475.00 and gave the stock a "buy" rating in a research report on Wednesday, February 25th. Weiss Ratings reiterated a "buy (b)" rating on shares of Dycom Industries in a research report on Wednesday, January 21st. Wall Street Zen lowered Dycom Industries from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 7th. B. Riley Financial raised their target price on shares of Dycom Industries from $420.00 to $485.00 and gave the stock a "buy" rating in a report on Thursday, March 5th. Finally, UBS Group set a $475.00 target price on shares of Dycom Industries and gave the stock a "buy" rating in a research note on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $431.64.

Insider Activity

In related news, Director Eitan Gertel sold 3,645 shares of the company's stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $345.62, for a total transaction of $1,259,784.90. Following the completion of the transaction, the director owned 15,997 shares in the company, valued at $5,528,883.14. This represents a 18.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.72% of the company's stock.

Dycom Industries Stock Down 2.7%

NYSE DY opened at $347.53 on Friday. Dycom Industries, Inc. has a 1 year low of $131.37 and a 1 year high of $445.52. The stock has a market capitalization of $10.42 billion, a PE ratio of 36.20, a PEG ratio of 1.19 and a beta of 1.34. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.74 and a quick ratio of 2.61. The business's 50-day moving average is $384.04 and its 200 day moving average is $331.25.

Dycom Industries (NYSE:DY - Get Free Report) last released its quarterly earnings results on Wednesday, March 4th. The construction company reported $2.03 EPS for the quarter, beating analysts' consensus estimates of $1.91 by $0.12. Dycom Industries had a return on equity of 21.77% and a net margin of 5.07%.The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the company posted $1.17 EPS. Dycom Industries's quarterly revenue was up 34.4% compared to the same quarter last year. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. Sell-side analysts forecast that Dycom Industries, Inc. will post 7.13 earnings per share for the current year.

About Dycom Industries

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.

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