Dycom Industries, Inc. $DY Shares Sold by NorthCrest Asset Manangement LLC

Key Points

• NorthCrest Asset Management LLC has reduced its stake in Dycom Industries by 33.5%, selling 2,968 shares and holding 5,901 shares valued at approximately $1.48 million after the sale.
• Dycom Industries reported strong quarterly earnings, with $3.33 earnings per share, exceeding analysts' estimates of $2.92, while revenue increased by 14.5% year-over-year.
• Analysts have shown confidence in Dycom Industries, with multiple price target upgrades, pushing the consensus price target to $289.43 and emphasizing a "buy" rating.

NorthCrest Asset Manangement LLC cut its holdings in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) by 33.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,901 shares of the construction company's stock after selling 2,968 shares during the quarter. NorthCrest Asset Manangement LLC's holdings in Dycom Industries were worth $1,477,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Millennium Management LLC lifted its stake in 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 in the last quarter. Hill City Capital LP increased its holdings 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 valued at $147,737,000 after purchasing an additional 120,000 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its position in Dycom Industries by 851.6% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 475,637 shares of the construction company's stock worth $72,459,000 after buying an additional 425,652 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Dycom Industries by 327.1% during the first quarter. Assenagon Asset Management S.A. now owns 399,226 shares of the construction company's stock worth $60,818,000 after buying an additional 305,755 shares during the last quarter. Finally, Appian Way Asset Management LP grew its holdings in Dycom Industries by 108.1% in the 1st quarter. Appian Way Asset Management LP now owns 189,685 shares of the construction company's stock valued at $28,897,000 after buying an additional 98,542 shares in the last quarter. Hedge funds and other institutional investors own 98.33% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DY. Raymond James Financial boosted their price target on shares of Dycom Industries from $290.00 to $300.00 and gave the company a "strong-buy" rating in a research report on Thursday, August 21st. UBS Group lifted their target price on shares of Dycom Industries from $288.00 to $296.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. JPMorgan Chase & Co. increased their price target on shares of 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 upgraded shares of Dycom Industries from a "hold" rating to a "buy" rating in a report on Friday, August 22nd. Finally, Wells Fargo & Company lifted their price target on shares of Dycom Industries from $250.00 to $295.00 and gave the company an "overweight" rating in a research report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, Dycom Industries presently has a consensus rating of "Buy" and an average price target of $289.43.

Dycom Industries Trading Up 3.6%

Dycom Industries stock traded up $9.83 during trading on Monday, hitting $279.41. The company had a trading volume of 229,481 shares, compared to its average volume of 435,905. The stock has a market cap of $8.09 billion, a price-to-earnings ratio of 31.37, a price-to-earnings-growth ratio of 1.29 and a beta of 1.18. The company has a current ratio of 3.16, a quick ratio of 2.96 and a debt-to-equity ratio of 0.74. Dycom Industries, Inc. has a 1-year low of $131.37 and a 1-year high of $285.64. The company's 50 day simple moving average is $261.25 and its 200-day simple moving average is $216.95.

Dycom Industries (NYSE:DY - Get Free Report) last released its quarterly earnings results on Wednesday, August 20th. The construction company reported $3.33 EPS 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 company had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.41 billion. During the same period in the prior year, the firm earned $2.46 earnings per share. The firm's revenue 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. As a group, analysts expect that Dycom Industries, Inc. will post 7.13 EPS for the current fiscal year.

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.