Dycom Industries, Inc. $DY is Hennessy Advisors Inc.'s 5th Largest Position

Key Points

• Hennessy Advisors Inc. has reduced its stake in Dycom Industries by 10.0%, now holding 236,700 shares, which makes up 1.9% of its portfolio.
• Multiple brokerages have raised their price targets for Dycom Industries, with Bank of America increasing it to $310.00 and UBS Group to $296.00, signaling a generally positive outlook.
• Dycom Industries reported a strong earnings performance, with an EPS of $3.33, exceeding analysts' estimates, and plans to guide for Q3 2026 EPS between 3.030-3.360.

Hennessy Advisors Inc. trimmed its holdings in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) by 10.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 236,700 shares of the construction company's stock after selling 26,200 shares during the period. Dycom Industries comprises 1.9% of Hennessy Advisors Inc.'s investment portfolio, making the stock its 5th biggest holding. Hennessy Advisors Inc. owned approximately 0.82% of Dycom Industries worth $57,847,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Versant Capital Management Inc purchased a new position in shares of Dycom Industries during the 1st quarter worth approximately $28,000. AlphaQuest LLC purchased a new position in shares of Dycom Industries during the 1st quarter worth approximately $37,000. Federated Hermes Inc. raised its stake in shares of Dycom Industries by 27.1% during the 1st quarter. Federated Hermes Inc. now owns 492 shares of the construction company's stock worth $75,000 after buying an additional 105 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of 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 in the last quarter. Finally, Archer Investment Corp purchased a new position in shares of Dycom Industries during the 1st quarter worth approximately $99,000. 98.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DY. UBS Group increased their target price on Dycom Industries from $288.00 to $296.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. KeyCorp upped 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. Wells Fargo & Company upped their price target on Dycom Industries from $295.00 to $305.00 and gave the stock an "overweight" rating in a report on Friday, September 26th. Zacks Research upgraded Dycom Industries to a "hold" rating in a report on Monday, August 11th. Finally, Bank of America upped their price target on Dycom Industries from $299.00 to $310.00 and gave the stock a "buy" rating in a report on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $293.25.

Dycom Industries Price Performance

Shares of NYSE:DY opened at $286.58 on Friday. The business's fifty day moving average price is $267.07 and its two-hundred day moving average price is $225.48. The stock has a market cap of $8.30 billion, a PE ratio of 32.20, a price-to-earnings-growth ratio of 1.39 and a beta of 1.15. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.96 and a current ratio of 3.16. Dycom Industries, Inc. has a one year low of $131.37 and a one year high of $300.00.

Dycom Industries (NYSE:DY - Get Free Report) last announced its 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. The firm had revenue of $1.38 billion for 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 quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the firm 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, analysts forecast that Dycom Industries, Inc. will post 7.13 EPS 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.

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