Dycom Industries, Inc. $DY Stake Cut 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 lessened its position in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) by 27.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,857 shares of the construction company's stock after selling 6,263 shares during the period. Great Lakes Advisors LLC owned about 0.06% of Dycom Industries worth $2,568,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Aristeia Capital L.L.C. bought a new stake in shares of Dycom Industries in the 1st quarter worth approximately $463,000. Jones Financial Companies Lllp lifted its holdings in shares of Dycom Industries by 4,626.1% in the 1st quarter. Jones Financial Companies Lllp now owns 2,174 shares of the construction company's stock worth $331,000 after purchasing an additional 2,128 shares during the last quarter. Petrus Trust Company LTA bought a new stake in shares of Dycom Industries in the 1st quarter worth approximately $272,000. Millennium Management LLC lifted its holdings in shares of Dycom Industries by 3.2% in 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. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in shares of Dycom Industries by 60.1% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 57,532 shares of the construction company's stock worth $8,764,000 after purchasing an additional 21,598 shares during the last quarter. Institutional investors own 98.33% of the company's stock.

Dycom Industries Price Performance

Shares of DY stock traded down $4.09 during mid-day trading on Tuesday, hitting $251.50. 47,062 shares of the stock traded hands, compared to its average volume of 434,462. Dycom Industries, Inc. has a twelve month low of $131.37 and a twelve month high of $285.64. The firm has a market cap of $7.28 billion, a price-to-earnings ratio of 28.26, a price-to-earnings-growth ratio of 1.24 and a beta of 1.18. The company's 50-day simple moving average is $260.23 and its 200-day simple moving average is $213.84. 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 (NYSE:DY - Get Free Report) last issued its quarterly earnings results on Wednesday, August 20th. The construction company reported $3.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.41. The company 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%.The firm's revenue for the quarter was up 14.5% on a year-over-year basis. During the same period last 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. As a group, equities research analysts expect that Dycom Industries, Inc. will post 7.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on DY shares. Raymond James Financial raised their price target on Dycom Industries from $290.00 to $300.00 and gave the stock a "strong-buy" rating in a report on Thursday, August 21st. Wells Fargo & Company lifted their target price 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 company an "overweight" rating in a research note on Thursday, August 21st. Wall Street Zen raised Dycom Industries from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. Finally, Zacks Research raised Dycom Industries to a "hold" rating in a research note on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Dycom Industries currently has a consensus rating of "Buy" and an average target price of $289.43.

Dycom Industries 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.