Meeder Asset Management Inc. Makes New $2.02 Million Investment in Dycom Industries, Inc. $DY

Meeder Asset Management Inc. purchased a new stake in Dycom Industries, Inc. (NYSE:DY) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,923 shares of the construction company’s stock, valued at approximately $2,020,000.

Other institutional investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership acquired a new position in shares of Dycom Industries in the 2nd quarter valued at about $34,671,000. Voya Investment Management LLC raised its position in Dycom Industries by 1,432.2% during the first quarter. Voya Investment Management LLC now owns 144,883 shares of the construction company’s stock valued at $22,071,000 after acquiring an additional 135,427 shares in the last quarter. Peconic Partners LLC boosted 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 worth $933,038,000 after purchasing an additional 105,586 shares in the last quarter. M&G PLC purchased a new stake in Dycom Industries in the 2nd quarter worth approximately $10,918,000. Finally, Canada Pension Plan Investment Board lifted its position in shares of Dycom Industries by 97.6% in the second quarter. Canada Pension Plan Investment Board now owns 83,800 shares of the construction company’s stock valued at $20,480,000 after acquiring an additional 41,400 shares in the last quarter. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Dycom Industries Trading Down 0.2%

DY opened at $339.04 on Monday. The stock has a market capitalization of $9.82 billion, a PE ratio of 33.37, a P/E/G ratio of 1.74 and a beta of 1.34. Dycom Industries, Inc. has a one year low of $131.37 and a one year high of $366.65. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.90 and a current ratio of 3.09. The business’s 50 day moving average price is $332.91 and its 200 day moving average price is $291.08.

Dycom Industries (NYSE:DY) last posted 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 company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the previous year, the business earned $2.68 earnings per share. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. As a group, equities research analysts expect that Dycom Industries, Inc. will post 7.13 EPS for the current year.

Insiders Place Their Bets

In other Dycom Industries news, Director Eitan Gertel sold 3,645 shares of Dycom Industries stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $345.62, for a total transaction of $1,259,784.90. Following the completion of the sale, the director directly owned 15,997 shares in the company, valued at $5,528,883.14. This trade represents a 18.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.72% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

DY has been the subject of several recent research reports. B. Riley increased their price objective on Dycom Industries from $320.00 to $420.00 and gave the company a “buy” rating in a research note on Friday, November 21st. KeyCorp increased their target price on shares of Dycom Industries from $320.00 to $392.00 and gave the company an “overweight” rating in a research report on Friday, November 21st. Zacks Research upgraded shares of Dycom Industries from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. UBS Group upped their price objective on shares of Dycom Industries from $336.00 to $373.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Finally, DA Davidson raised their target price on shares of Dycom Industries from $300.00 to $390.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Two analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $376.67.

Dycom Industries 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.