Russell Investments Group Ltd. Raises Stock Holdings in Dycom Industries, Inc. $DY

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. increased its holdings in Dycom Industries, Inc. (NYSE:DY - Free Report) by 13.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,012 shares of the construction company's stock after acquiring an additional 2,897 shares during the quarter. Russell Investments Group Ltd. owned about 0.08% of Dycom Industries worth $3,658,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc bought a new stake in shares of Dycom Industries in the first quarter worth approximately $28,000. GeoWealth Management LLC boosted its holdings in shares of Dycom Industries by 35.9% in the fourth quarter. GeoWealth Management LLC now owns 348 shares of the construction company's stock worth $61,000 after buying an additional 92 shares during the last quarter. Federated Hermes Inc. raised its stake in Dycom Industries by 27.1% during the 1st quarter. Federated Hermes Inc. now owns 492 shares of the construction company's stock worth $75,000 after acquiring an additional 105 shares during the period. Archer Investment Corp bought a new stake in Dycom Industries during the 1st quarter worth approximately $99,000. Finally, Lazard Asset Management LLC raised its position in shares of Dycom Industries by 1,775.0% during the fourth quarter. Lazard Asset Management LLC now owns 675 shares of the construction company's stock valued at $117,000 after buying an additional 639 shares during the last quarter. 98.33% of the stock is currently owned by institutional investors.

Dycom Industries Trading Up 0.3%

Shares of DY traded up $0.84 during midday trading on Thursday, reaching $256.47. The company had a trading volume of 134,891 shares, compared to its average volume of 440,754. Dycom Industries, Inc. has a 1-year low of $131.37 and a 1-year high of $285.64. The stock has a market cap of $7.42 billion, a PE ratio of 28.81, a price-to-earnings-growth ratio of 1.26 and a beta of 1.34. The firm has a 50 day simple moving average of $257.38 and a 200-day simple moving average of $206.45. The company has a quick ratio of 2.96, a current ratio of 3.16 and a debt-to-equity ratio of 0.74.

Dycom Industries (NYSE:DY - Get Free Report) last issued its quarterly earnings data on Wednesday, August 20th. The construction company reported $3.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.92 by $0.41. The firm 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 quarterly revenue was up 14.5% on a year-over-year basis. During the same period last year, the company earned $2.46 EPS. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. Research analysts forecast that Dycom Industries, Inc. will post 7.13 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DY shares. Raymond James Financial boosted their price target on shares of Dycom Industries from $290.00 to $300.00 and gave the stock a "strong-buy" rating in a research report on Thursday, August 21st. Wall Street Zen raised shares of Dycom Industries from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. KeyCorp lifted their price objective on Dycom Industries from $255.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Wells Fargo & Company boosted their target price on shares of Dycom Industries from $250.00 to $295.00 and gave the stock an "overweight" rating in a report on Monday, August 18th. Finally, DA Davidson upped their price objective on shares of Dycom Industries from $265.00 to $300.00 and gave the company a "buy" rating in a report on Thursday, August 21st. One 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. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $289.43.

Dycom Industries Company 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.