Zions Bancorporation National Association UT Invests $1.30 Million in Dycom Industries, Inc. $DY

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

A number of other institutional investors have also modified their holdings of the stock. AlTi Global Inc. raised its position in shares of Dycom Industries by 20.7% in the second quarter. AlTi Global Inc. now owns 13,097 shares of the construction company’s stock valued at $3,201,000 after purchasing an additional 2,243 shares during the period. Leuthold Group LLC acquired a new position in shares of Dycom Industries during the 2nd quarter worth approximately $3,762,000. Entropy Technologies LP grew its position in shares of Dycom Industries by 378.1% during the 2nd quarter. Entropy Technologies LP now owns 7,826 shares of the construction company’s stock worth $1,913,000 after purchasing an additional 6,189 shares in the last quarter. Creative Planning increased its holdings in shares of Dycom Industries by 88.7% during the second quarter. Creative Planning now owns 12,195 shares of the construction company’s stock worth $2,980,000 after purchasing an additional 5,731 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Dycom Industries by 7.8% in the second quarter. JPMorgan Chase & Co. now owns 131,312 shares of the construction company’s stock valued at $32,091,000 after buying an additional 9,531 shares in the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries Stock Performance

Dycom Industries stock opened at $427.35 on Tuesday. The business has a 50 day moving average of $365.22 and a 200-day moving average of $314.48. The company has a market capitalization of $12.38 billion, a P/E ratio of 42.06, a P/E/G ratio of 1.88 and a beta of 1.36. Dycom Industries, Inc. has a 1 year low of $131.37 and a 1 year high of $445.52. 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 (NYSE:DY) last issued its quarterly earnings results on Wednesday, November 19th. The construction company reported $3.63 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.48. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.41 billion. Dycom Industries had a net margin of 5.75% and a return on equity of 22.21%. Dycom Industries’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.68 earnings per share. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. On average, equities research analysts predict that Dycom Industries, Inc. will post 7.13 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Zacks Research cut Dycom Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Wells Fargo & Company upped their price objective on shares of Dycom Industries from $315.00 to $360.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. KeyCorp reissued an “overweight” rating on shares of Dycom Industries in a report on Tuesday, January 27th. JPMorgan Chase & Co. increased their price target on shares of Dycom Industries from $370.00 to $395.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. Finally, B. Riley Financial boosted their price objective on shares of Dycom Industries from $320.00 to $420.00 and gave the company a “buy” rating in a research report on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $395.20.

Insider Buying and Selling

In other Dycom Industries news, Director Eitan Gertel sold 3,645 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director owned 15,997 shares in the company, valued at approximately $5,528,883.14. This trade represents a 18.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.72% of the stock is owned by insiders.

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.