Reaves W H & Co. Inc. Increases Stock Holdings in Dycom Industries, Inc. $DY

Reaves W H & Co. Inc. lifted its position in shares of Dycom Industries, Inc. (NYSE:DY) by 17.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 143,428 shares of the construction company’s stock after buying an additional 21,763 shares during the period. Reaves W H & Co. Inc. owned approximately 0.50% of Dycom Industries worth $41,847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Peconic Partners LLC increased its holdings 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. Bank of America Corp DE boosted its position in shares of Dycom Industries by 4.8% during the second quarter. Bank of America Corp DE now owns 307,545 shares of the construction company’s stock worth $75,161,000 after buying an additional 14,147 shares during the period. Voya Investment Management LLC grew its stake in shares of Dycom Industries by 92.6% in the third quarter. Voya Investment Management LLC now owns 237,576 shares of the construction company’s stock valued at $69,315,000 after buying an additional 114,235 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Dycom Industries by 7.0% in the 2nd quarter. Invesco Ltd. now owns 227,127 shares of the construction company’s stock valued at $55,508,000 after buying an additional 14,891 shares during the period. Finally, Franklin Resources Inc. lifted its stake in Dycom Industries by 19.9% during the 2nd quarter. Franklin Resources Inc. now owns 213,137 shares of the construction company’s stock worth $52,089,000 after acquiring an additional 35,323 shares in the last quarter. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on DY shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Dycom Industries in a report on Wednesday, January 21st. DA Davidson increased their price objective on Dycom Industries from $300.00 to $390.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. 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 note on Monday, January 12th. Guggenheim began coverage on Dycom Industries in a research report on Thursday, January 22nd. They issued a “buy” rating and a $510.00 price target on the stock. Finally, Zacks Research cut Dycom Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. One investment 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 stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $395.20.

Insider Buying and Selling

In other news, Director Eitan Gertel sold 3,645 shares of the company’s stock in a transaction on 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 in the company, valued at $5,528,883.14. This 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 through the SEC website. Company insiders own 3.72% of the company’s stock.

Dycom Industries Stock Up 3.9%

DY opened at $416.05 on Tuesday. Dycom Industries, Inc. has a 52 week low of $131.37 and a 52 week high of $422.74. The business has a 50 day moving average price of $358.25 and a two-hundred day moving average price of $309.01. The company has a quick ratio of 2.90, a current ratio of 3.09 and a debt-to-equity ratio of 0.62. The company has a market cap of $12.05 billion, a PE ratio of 40.95, a P/E/G ratio of 1.76 and a beta of 1.36.

Dycom Industries (NYSE:DY) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.41 billion. Dycom Industries had a net margin of 5.75% and a return on equity of 22.21%. Dycom Industries’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.68 EPS. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. As a group, research analysts anticipate that Dycom Industries, Inc. will post 7.13 EPS for the current year.

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.