Dycom Industries, Inc. $DY Shares Sold by Great Lakes Advisors LLC

Key Points

• Great Lakes Advisors LLC reduced its stake in Dycom Industries by 27.1%, selling 6,263 shares and holding 16,857 shares valued at approximately $2.57 million.
• Despite the sale by Great Lakes, several other hedge funds increased their positions in Dycom Industries, with CWM LLC increasing its stake by 40.7%.
• Dycom Industries reported strong quarterly earnings with an EPS of $3.33, surpassing analysts' expectations, and has drawn positive attention from analysts with numerous upgraded price targets.

Great Lakes Advisors LLC trimmed its position in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) by 27.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,857 shares of the construction company's stock after selling 6,263 shares during the period. Great Lakes Advisors LLC owned approximately 0.06% of Dycom Industries worth $2,568,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Millennium Management LLC increased its holdings in Dycom Industries by 3.2% during the 1st quarter. Millennium Management LLC now owns 1,481,394 shares of the construction company's stock worth $225,676,000 after purchasing an additional 45,562 shares during the last quarter. Hill City Capital LP increased its stake in shares of Dycom Industries by 14.1% in the first quarter. Hill City Capital LP now owns 969,784 shares of the construction company's stock worth $147,737,000 after buying an additional 120,000 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in Dycom Industries by 851.6% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 475,637 shares of the construction company's stock valued at $72,459,000 after acquiring an additional 425,652 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Dycom Industries by 327.1% in the first quarter. Assenagon Asset Management S.A. now owns 399,226 shares of the construction company's stock valued at $60,818,000 after acquiring an additional 305,755 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in 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 valued at $39,038,000 after acquiring an additional 162,262 shares during the last quarter. Institutional investors and hedge funds own 98.33% of the company's stock.

Dycom Industries Stock Performance

NYSE:DY traded down $0.39 during mid-day trading on Friday, hitting $258.44. The stock had a trading volume of 276,540 shares, compared to its average volume of 463,111. The company has a current ratio of 3.16, a quick ratio of 2.96 and a debt-to-equity ratio of 0.74. The company has a 50 day simple moving average of $260.17 and a 200-day simple moving average of $212.85. The stock has a market capitalization of $7.48 billion, a price-to-earnings ratio of 29.04, a P/E/G ratio of 1.25 and a beta of 1.18. Dycom Industries, Inc. has a 52 week low of $131.37 and a 52 week high of $285.64.

Dycom Industries (NYSE:DY - Get Free Report) last released its earnings results on Wednesday, August 20th. The construction company reported $3.33 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the prior year, the firm posted $2.46 earnings per share. The firm's revenue for the quarter was up 14.5% compared to the same quarter last year. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. On average, research analysts expect that Dycom Industries, Inc. will post 7.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DY has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of Dycom Industries to a "hold" rating in a research note on Monday, August 11th. Wells Fargo & Company upped their price objective on Dycom Industries from $250.00 to $295.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. JPMorgan Chase & Co. lifted their target price on Dycom Industries from $250.00 to $275.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. B. Riley upped their price target on Dycom Industries from $200.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Finally, UBS Group raised their price objective on Dycom Industries from $288.00 to $296.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently 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.