896 Shares in Dycom Industries, Inc. $DY Bought by Swmg LLC

Swmg LLC acquired a new position in shares of Dycom Industries, Inc. (NYSE:DY) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 896 shares of the construction company’s stock, valued at approximately $237,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Millennium Management LLC lifted its stake in shares of Dycom Industries by 3.2% during 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 during the last quarter. Hill City Capital LP lifted its stake in shares of Dycom Industries by 14.1% during the 1st quarter. Hill City Capital LP now owns 969,784 shares of the construction company’s stock worth $147,737,000 after purchasing an additional 120,000 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in shares of Dycom Industries by 851.6% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 475,637 shares of the construction company’s stock worth $72,459,000 after purchasing an additional 425,652 shares during the last quarter. Appian Way Asset Management LP lifted its stake in shares of Dycom Industries by 108.1% during the 1st quarter. Appian Way Asset Management LP now owns 189,685 shares of the construction company’s stock worth $28,897,000 after purchasing an additional 98,542 shares during the last quarter. Finally, Voya Investment Management LLC increased its position in Dycom Industries by 1,432.2% during the 1st quarter. Voya Investment Management LLC now owns 144,883 shares of the construction company’s stock valued at $22,071,000 after buying an additional 135,427 shares in the last quarter. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

Dycom Industries Stock Down 1.0%

Shares of DY stock opened at $292.42 on Friday. The stock’s 50-day simple moving average is $271.52 and its 200-day simple moving average is $235.28. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.96 and a current ratio of 3.16. The firm has a market capitalization of $8.47 billion, a PE ratio of 32.86, a P/E/G ratio of 1.40 and a beta of 1.15. Dycom Industries, Inc. has a fifty-two week low of $131.37 and a fifty-two week high of $301.88.

Dycom Industries (NYSE:DY) last announced its quarterly earnings data on Wednesday, August 20th. The construction company reported $3.33 earnings per share for the quarter, beating analysts’ consensus estimates of $2.92 by $0.41. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.41 billion. Dycom Industries had a return on equity of 21.17% and a net margin of 5.23%.The company’s revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.46 earnings per share. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. Equities analysts expect that Dycom Industries, Inc. will post 7.13 earnings per share for the current year.

Analyst Ratings Changes

DY has been the topic of several recent analyst reports. Bank of America upped their target price on Dycom Industries from $299.00 to $310.00 and gave the company a “buy” rating in a research report on Monday, September 29th. Wells Fargo & Company upped their target price on Dycom Industries from $295.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, September 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Dycom Industries in a research report on Wednesday, October 8th. Raymond James Financial upped their target price on Dycom Industries from $290.00 to $300.00 and gave the company a “strong-buy” rating in a research report on Thursday, August 21st. Finally, Zacks Research raised Dycom Industries from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $298.25.

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.