Citigroup Inc. Grows Holdings in Dycom Industries, Inc. $DY

Citigroup Inc. boosted its position in Dycom Industries, Inc. (NYSE:DY - Free Report) by 2.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,830 shares of the construction company's stock after purchasing an additional 989 shares during the period. Citigroup Inc. owned about 0.16% of Dycom Industries worth $6,982,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in DY. Versant Capital Management Inc acquired a new stake in Dycom Industries in the first quarter valued at about $28,000. GeoWealth Management LLC increased its holdings in Dycom Industries by 35.9% in the fourth quarter. GeoWealth Management LLC now owns 348 shares of the construction company's stock valued at $61,000 after buying an additional 92 shares in the last quarter. Federated Hermes Inc. increased its holdings in Dycom Industries by 107.0% in the fourth quarter. Federated Hermes Inc. now owns 387 shares of the construction company's stock valued at $67,000 after buying an additional 200 shares in the last quarter. Archer Investment Corp purchased a new position in Dycom Industries in the first quarter valued at about $99,000. Finally, Lazard Asset Management LLC increased its holdings in Dycom Industries by 1,775.0% in the fourth quarter. Lazard Asset Management LLC now owns 675 shares of the construction company's stock valued at $117,000 after buying an additional 639 shares in the last quarter. Institutional investors and hedge funds own 98.33% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on DY shares. B. Riley increased their target price on shares of Dycom Industries from $200.00 to $265.00 and gave the company a "buy" rating in a report on Friday, May 23rd. KeyCorp raised their price objective on shares of Dycom Industries from $255.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. DA Davidson raised their price objective on shares of Dycom Industries from $265.00 to $300.00 and gave the stock a "buy" rating in a research note on Thursday. Raymond James Financial raised their price objective on shares of Dycom Industries from $290.00 to $300.00 and gave the stock a "strong-buy" rating in a research note on Thursday. Finally, Zacks Research raised shares of Dycom Industries to a "hold" rating in a research note on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $278.75.

Dycom Industries Trading Up 0.3%

DY stock traded up $0.8710 during midday trading on Friday, hitting $263.0610. The stock had a trading volume of 86,685 shares, compared to its average volume of 439,651. The firm has a market cap of $7.61 billion, a PE ratio of 29.67, a price-to-earnings-growth ratio of 1.47 and a beta of 1.34. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.16 and a quick ratio of 2.68. Dycom Industries, Inc. has a 12-month low of $131.37 and a 12-month high of $285.64. The company's 50-day moving average price is $255.48 and its 200 day moving average price is $204.74.

Dycom Industries (NYSE:DY - Get Free Report) last released its earnings results on Wednesday, August 20th. The construction company reported $3.33 EPS for the quarter, topping the consensus estimate of $2.92 by $0.41. The firm had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.41 billion. Dycom Industries had a net margin of 5.23% and a return on equity of 21.17%. Dycom Industries's revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the previous 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 research analysts predict that Dycom Industries, Inc. will post 7.13 earnings per share for the current fiscal year.

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.