Voya Investment Management LLC Purchases 135,427 Shares of Dycom Industries, Inc. $DY

Key Points

• Voya Investment Management LLC significantly increased its stake in Dycom Industries by 1,432.2%, acquiring 135,427 additional shares, which brought their total holdings to approximately $22 million.
• Dycom Industries reported $3.33 earnings per share this quarter, exceeding the consensus estimate of $2.92, and showed a 14.5% revenue growth year-over-year.
• Analysts are optimistic about Dycom Industries, with several raising price targets, resulting in a consensus rating of "Buy" and an average target price of $289.43.

Voya Investment Management LLC boosted its holdings in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) by 1,432.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 144,883 shares of the construction company's stock after buying an additional 135,427 shares during the period. Voya Investment Management LLC owned approximately 0.50% of Dycom Industries worth $22,071,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DY. Captrust Financial Advisors raised its stake in shares of Dycom Industries by 24.1% during the 4th quarter. Captrust Financial Advisors now owns 2,651 shares of the construction company's stock worth $461,000 after purchasing an additional 514 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Dycom Industries by 48.7% during the 4th quarter. Deutsche Bank AG now owns 25,294 shares of the construction company's stock worth $4,403,000 after purchasing an additional 8,287 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of Dycom Industries by 1,775.0% during the 4th quarter. Lazard Asset Management LLC now owns 675 shares of the construction company's stock worth $117,000 after purchasing an additional 639 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of Dycom Industries by 44.3% during the 4th quarter. ProShare Advisors LLC now owns 8,573 shares of the construction company's stock worth $1,492,000 after purchasing an additional 2,633 shares in the last quarter. Finally, Sherbrooke Park Advisers LLC purchased a new stake in shares of Dycom Industries during the 4th quarter worth about $304,000. 98.33% of the stock is owned by hedge funds and other institutional investors.

Dycom Industries Stock Performance

NYSE:DY traded down $1.00 during mid-day trading on Friday, hitting $269.71. 586,338 shares of the company's stock traded hands, compared to its average volume of 369,487. The firm has a 50 day moving average of $261.25 and a two-hundred day moving average of $216.01. Dycom Industries, Inc. has a 12 month low of $131.37 and a 12 month high of $285.64. The firm has a market capitalization of $7.81 billion, a price-to-earnings ratio of 30.30, a price-to-earnings-growth ratio of 1.30 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 (NYSE:DY - Get Free Report) last announced its earnings results on Wednesday, August 20th. The construction company reported $3.33 earnings per share for the quarter, beating the consensus estimate 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 quarter in the prior year, the company earned $2.46 EPS. 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, equities analysts forecast that Dycom Industries, Inc. will post 7.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DY. KeyCorp raised their price target on Dycom Industries from $255.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. UBS Group raised their price target on Dycom Industries from $288.00 to $296.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. 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 research note on Thursday, August 21st. Zacks Research raised Dycom Industries to a "hold" rating in a research note on Monday, August 11th. Finally, DA Davidson increased their price objective on 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. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average 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.