Dycom Industries, Inc. $DY Stock Position Increased by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its stake in Dycom Industries, Inc. by 13.7% in the first quarter, owning approximately 24,012 shares valued at $3.7 million at the end of the quarter.
• Analysts have significantly raised their target prices for Dycom Industries, with recent upgrades from B. Riley ($265), UBS Group ($296), and Wells Fargo ($295), all maintaining a "buy" rating.
• Dycom reported earnings of $3.33 per share for the last quarter, exceeding analyst estimates and reflecting a 14.5% year-over-year revenue increase to $1.38 billion.

Russell Investments Group Ltd. raised its stake in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) by 13.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,012 shares of the construction company's stock after purchasing an additional 2,897 shares during the period. Russell Investments Group Ltd. owned 0.08% of Dycom Industries worth $3,658,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in DY. Alyeska Investment Group L.P. acquired a new stake in shares of Dycom Industries in the fourth quarter worth $80,584,000. OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of 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 worth $72,459,000 after acquiring an additional 425,652 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of 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 worth $60,818,000 after acquiring an additional 305,755 shares in the last quarter. Point72 Asset Management L.P. increased its position in shares of Dycom Industries by 261.6% in the fourth quarter. Point72 Asset Management L.P. now owns 224,277 shares of the construction company's stock worth $39,038,000 after acquiring an additional 162,262 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Dycom Industries in the first quarter worth $21,451,000. Institutional investors and hedge funds own 98.33% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on DY shares. UBS Group upped their target price on shares of Dycom Industries from $288.00 to $296.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Raymond James Financial upped their target price on shares of Dycom Industries from $290.00 to $300.00 and gave the company a "strong-buy" 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 research note on Friday, August 22nd. Zacks Research upgraded shares of Dycom Industries to a "hold" rating in a research note on Monday, August 11th. Finally, KeyCorp upped their target price on shares of Dycom Industries from $255.00 to $295.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. One equities research 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's stock. According to MarketBeat, Dycom Industries currently has an average rating of "Buy" and an average price target of $289.43.

Dycom Industries Stock Down 1.6%

NYSE DY traded down $4.05 during trading hours on Friday, reaching $252.44. 278,600 shares of the company traded hands, compared to its average volume of 460,946. Dycom Industries, Inc. has a 12 month low of $131.37 and a 12 month high of $285.64. 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 stock has a market capitalization of $7.31 billion, a PE ratio of 28.36, a PEG ratio of 1.24 and a beta of 1.34. The company has a 50 day moving average of $258.24 and a two-hundred day moving average of $207.24.

Dycom Industries (NYSE:DY - Get Free Report) last posted its quarterly earnings data on Wednesday, August 20th. The construction company reported $3.33 EPS for the quarter, beating analysts' consensus estimates of $2.92 by $0.41. Dycom Industries had a net margin of 5.23% and a return on equity of 21.17%. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the prior year, the firm posted $2.46 EPS. 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, equities analysts expect that Dycom Industries, Inc. will post 7.13 earnings per share for the current 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.