Somerset Trust Co Purchases 110 Shares of Dycom Industries, Inc. $DY

Somerset Trust Co lifted its position in shares of Dycom Industries, Inc. (NYSE:DY) by 1.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,059 shares of the construction company’s stock after purchasing an additional 110 shares during the period. Somerset Trust Co’s holdings in Dycom Industries were worth $1,481,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. KBC Group NV grew its holdings in shares of Dycom Industries by 18.9% during the first quarter. KBC Group NV now owns 1,443 shares of the construction company’s stock worth $220,000 after purchasing an additional 229 shares during the last quarter. SG Americas Securities LLC bought a new stake in Dycom Industries in the first quarter valued at approximately $342,000. Public Employees Retirement System of Ohio boosted its holdings in Dycom Industries by 105.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 1,114 shares of the construction company’s stock valued at $194,000 after acquiring an additional 572 shares during the last quarter. Federated Hermes Inc. boosted its holdings in Dycom Industries by 27.1% in the first quarter. Federated Hermes Inc. now owns 492 shares of the construction company’s stock valued at $75,000 after acquiring an additional 105 shares during the last quarter. Finally, Cetera Investment Advisers bought a new stake in Dycom Industries in the first quarter valued at approximately $387,000. 98.33% of the stock is currently owned by institutional investors.

Dycom Industries Price Performance

Dycom Industries stock opened at $258.44 on Friday. The stock has a market capitalization of $7.48 billion, a price-to-earnings ratio of 29.04, a PEG ratio of 1.25 and a beta of 1.18. Dycom Industries, Inc. has a 52-week low of $131.37 and a 52-week high of $285.64. The stock’s 50 day moving average price is $260.17 and its two-hundred day moving average price is $212.85. 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) last issued its earnings results on Wednesday, August 20th. The construction company reported $3.33 earnings per share 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 analyst estimates of $1.41 billion. During the same period in the prior year, the firm earned $2.46 earnings per share. Dycom Industries’s revenue for the quarter was up 14.5% on a year-over-year basis. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. On average, equities analysts predict that Dycom Industries, Inc. will post 7.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DY. DA Davidson upped their target price on Dycom Industries from $265.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, August 21st. Wells Fargo & Company upped their target price on Dycom Industries from $250.00 to $295.00 and gave the company an “overweight” rating in a report on Monday, August 18th. Wall Street Zen upgraded Dycom Industries from a “hold” rating to a “buy” rating in a report on Friday, August 22nd. KeyCorp upped their target price on Dycom Industries from $255.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. Finally, Zacks Research upgraded Dycom Industries to a “hold” rating in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Dycom Industries presently has a consensus rating of “Buy” and an average price target 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.