Zions Bancorporation National Association UT Makes New $1.30 Million Investment in Dycom Industries, Inc. $DY

Zions Bancorporation National Association UT purchased a new position in shares of Dycom Industries, Inc. (NYSE:DY) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,451 shares of the construction company’s stock, valued at approximately $1,299,000.

A number of other hedge funds have also made changes to their positions in the business. Arrowstreet Capital Limited Partnership purchased a new position in Dycom Industries during the 2nd quarter worth approximately $34,671,000. Voya Investment Management LLC increased its holdings in shares of Dycom Industries by 92.6% in the 3rd quarter. Voya Investment Management LLC now owns 237,576 shares of the construction company’s stock valued at $69,315,000 after acquiring an additional 114,235 shares during the period. Peconic Partners LLC raised its position in Dycom Industries by 2.8% in the 2nd quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock valued at $933,038,000 after purchasing an additional 105,586 shares during the last quarter. WCM Investment Management LLC acquired a new stake in Dycom Industries during the 3rd quarter worth $15,744,000. Finally, M&G PLC purchased a new position in Dycom Industries during the 2nd quarter worth $10,918,000. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Dycom Industries Stock Up 2.4%

DY stock opened at $427.35 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.09 and a quick ratio of 2.90. Dycom Industries, Inc. has a 12 month low of $131.37 and a 12 month high of $445.52. The firm has a market capitalization of $12.38 billion, a PE ratio of 42.06, a P/E/G ratio of 1.88 and a beta of 1.36. The company’s 50 day simple moving average is $365.22 and its 200-day simple moving average is $314.48.

Dycom Industries (NYSE:DY) last announced its earnings results on Wednesday, November 19th. The construction company reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.48. Dycom Industries had a return on equity of 22.21% and a net margin of 5.75%.The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the prior year, the firm earned $2.68 EPS. Dycom Industries’s quarterly revenue was up 14.2% on a year-over-year basis. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. Equities analysts expect that Dycom Industries, Inc. will post 7.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DY. JPMorgan Chase & Co. lifted their target price on Dycom Industries from $370.00 to $395.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Wells Fargo & Company boosted their price objective on shares of Dycom Industries from $315.00 to $360.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. B. Riley Financial increased their price target on shares of Dycom Industries from $320.00 to $420.00 and gave the stock a “buy” rating in a report on Friday, November 21st. UBS Group boosted their target price on Dycom Industries from $373.00 to $400.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Dycom Industries in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Dycom Industries presently has an average rating of “Buy” and a consensus target price of $395.20.

Insiders Place Their Bets

In other Dycom Industries news, Director Eitan Gertel sold 3,645 shares of the firm’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $345.62, for a total value of $1,259,784.90. Following the sale, the director directly owned 15,997 shares of the company’s stock, valued at approximately $5,528,883.14. This trade represents a 18.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.72% of the company’s stock.

Dycom Industries Company Profile

Dycom Industries, Inc (NYSE: DY) is a leading provider of specialty contracting services to the telecommunications industry in North America. The company delivers engineering, construction, installation and maintenance solutions for communications infrastructure, supporting a broad range of network technologies and system architectures. Dycom’s services span outside plant construction, cable placement, fiber optic deployment, wireless and wireline network engineering, as well as testing and turn-up services for voice, data and video applications.

Dycom’s customer base includes major telecommunications carriers, cable operators, utility companies and competitive local exchange carriers.