NorthCrest Asset Manangement LLC Increases Stock Holdings in Dycom Industries, Inc. $DY

NorthCrest Asset Manangement LLC lifted its position in shares of Dycom Industries, Inc. (NYSE:DY) by 43.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,449 shares of the construction company’s stock after buying an additional 2,548 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Dycom Industries were worth $2,419,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Archer Investment Corp increased its holdings in shares of Dycom Industries by 6.2% in the 2nd quarter. Archer Investment Corp now owns 690 shares of the construction company’s stock valued at $169,000 after acquiring an additional 40 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Dycom Industries by 1.0% in the 2nd quarter. Quadrant Capital Group LLC now owns 4,492 shares of the construction company’s stock valued at $1,098,000 after buying an additional 46 shares during the period. Campbell Newman Asset Management Inc. raised its stake in Dycom Industries by 0.4% during the third quarter. Campbell Newman Asset Management Inc. now owns 14,815 shares of the construction company’s stock worth $4,322,000 after acquiring an additional 60 shares during the period. Profund Advisors LLC boosted its stake in Dycom Industries by 4.5% in the second quarter. Profund Advisors LLC now owns 1,420 shares of the construction company’s stock valued at $347,000 after acquiring an additional 61 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Dycom Industries by 9.1% during the third quarter. GAMMA Investing LLC now owns 769 shares of the construction company’s stock valued at $224,000 after purchasing an additional 64 shares during the last quarter. Institutional investors own 98.33% of the company’s stock.

Insider Buying and Selling

In other Dycom Industries news, Director Eitan Gertel sold 3,645 shares of the business’s stock in a transaction on Friday, January 9th. The shares were sold at an average price of $345.62, for a total value of $1,259,784.90. Following the sale, the director owned 15,997 shares of the company’s stock, valued at $5,528,883.14. The trade was a 18.56% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.72% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DY has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective on Dycom Industries from $275.00 to $370.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. UBS Group lifted their target price on Dycom Industries from $373.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Bank of America upped their price objective on shares of Dycom Industries from $310.00 to $365.00 and gave the stock a “buy” rating in a report on Friday, November 21st. DA Davidson boosted their target price on Dycom Industries from $300.00 to $390.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Finally, Zacks Research upgraded shares of Dycom Industries from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Two investment analysts have rated the stock with a Strong Buy rating and nine have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $379.67.

Dycom Industries Price Performance

NYSE DY opened at $371.78 on Tuesday. The stock’s 50-day moving average is $341.79 and its two-hundred day moving average is $295.97. 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 fifty-two week low of $131.37 and a fifty-two week high of $379.89. The firm has a market cap of $10.77 billion, a P/E ratio of 36.59, a price-to-earnings-growth ratio of 1.91 and a beta of 1.34.

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

About Dycom Industries

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.