Dycom Industries, Inc. $DY Shares Bought by Gamco Investors INC. ET AL

Key Points

• Gamco Investors INC. increased its stake in Dycom Industries by 20.1%, bringing its total holdings to 7,012 shares valued at approximately $1.07 million.
• Several other institutional investors also adjusted their stakes in Dycom Industries, with the collective ownership by hedge funds at around 98.33%.
• Dycom Industries reported a quarterly EPS of $3.33, surpassing expectations and demonstrating a 14.5% year-over-year revenue increase, with analysts projecting a future average EPS of 7.13 for the current year.

Gamco Investors INC. ET AL lifted its stake in Dycom Industries, Inc. (NYSE:DY - Free Report) by 20.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,012 shares of the construction company's stock after purchasing an additional 1,172 shares during the quarter. Gamco Investors INC. ET AL's holdings in Dycom Industries were worth $1,068,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Hill City Capital LP raised its position in Dycom Industries by 14.1% in the first quarter. Hill City Capital LP now owns 969,784 shares of the construction company's stock valued at $147,737,000 after purchasing an additional 120,000 shares during the period. Penn Capital Management Company LLC lifted its holdings in Dycom Industries by 45.9% during the 1st quarter. Penn Capital Management Company LLC now owns 107,459 shares of the construction company's stock worth $16,389,000 after buying an additional 33,801 shares during the last quarter. AlphaQuest LLC purchased a new stake in Dycom Industries during the 1st quarter worth about $37,000. CW Advisors LLC lifted its holdings in Dycom Industries by 1.0% during the 1st quarter. CW Advisors LLC now owns 9,338 shares of the construction company's stock worth $1,423,000 after buying an additional 91 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in shares of Dycom Industries by 14.6% in the 1st quarter. Hsbc Holdings PLC now owns 8,763 shares of the construction company's stock valued at $1,319,000 after purchasing an additional 1,119 shares during the last quarter. Hedge funds and other institutional investors own 98.33% of the company's stock.

Dycom Industries Stock Down 2.9%

Shares of Dycom Industries stock traded down $7.25 during trading hours on Tuesday, hitting $245.22. 478,063 shares of the company's stock traded hands, compared to its average volume of 441,276. The stock has a 50 day simple moving average of $258.58 and a 200-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 company has a market cap of $7.10 billion, a PE ratio of 27.55, a PEG ratio of 1.22 and a beta of 1.18. Dycom Industries, Inc. has a twelve month low of $131.37 and a twelve month high of $285.64.

Dycom Industries (NYSE:DY - Get Free Report) last announced its earnings results 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 the consensus estimate of $1.41 billion. Dycom Industries had a return on equity of 21.17% and a net margin of 5.23%.The company's revenue was up 14.5% on a year-over-year basis. During the same period last year, the firm earned $2.46 earnings per share. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. Equities research analysts anticipate that Dycom Industries, Inc. will post 7.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on DY. Raymond James Financial upped their price objective on Dycom Industries from $290.00 to $300.00 and gave the company a "strong-buy" rating in a research note on Thursday, August 21st. Zacks Research upgraded Dycom Industries to a "hold" rating in a report on Monday, August 11th. Wall Street Zen upgraded Dycom Industries from a "hold" rating to a "buy" rating in a report on Friday, August 22nd. JPMorgan Chase & Co. upped their target price on Dycom Industries from $250.00 to $275.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Finally, B. Riley increased their price target on Dycom Industries from $200.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. One 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 company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price 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.