Dycom Industries, Inc. $DY Shares Sold by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. decreased its position in Dycom Industries, Inc. (NYSE:DY) by 17.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,293 shares of the construction company’s stock after selling 4,380 shares during the period. EFG Asset Management North America Corp. owned about 0.07% of Dycom Industries worth $5,924,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Archer Investment Corp boosted its holdings in 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 purchasing an additional 40 shares in the last quarter. Quadrant Capital Group LLC lifted 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. boosted its stake in shares of Dycom Industries by 0.4% in the third quarter. Campbell Newman Asset Management Inc. now owns 14,815 shares of the construction company’s stock valued at $4,322,000 after buying an additional 60 shares in the last quarter. Profund Advisors LLC grew its holdings in Dycom Industries by 4.5% during the second quarter. Profund Advisors LLC now owns 1,420 shares of the construction company’s stock worth $347,000 after acquiring an additional 61 shares during the period. Finally, GAMMA Investing LLC raised its position in Dycom Industries by 9.1% in the third quarter. GAMMA Investing LLC now owns 769 shares of the construction company’s stock worth $224,000 after acquiring an additional 64 shares in the last quarter. 98.33% of the stock is owned by hedge funds and other institutional investors.

Dycom Industries Trading Up 1.2%

Shares of DY opened at $372.63 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 1-year low of $131.37 and a 1-year high of $386.94. The stock has a market cap of $10.79 billion, a price-to-earnings ratio of 36.68, a price-to-earnings-growth ratio of 1.90 and a beta of 1.34. The firm has a 50 day simple moving average of $349.89 and a 200-day simple moving average of $300.23.

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. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Dycom Industries had a return on equity of 22.21% and a net margin of 5.75%.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. Equities analysts forecast that Dycom Industries, Inc. will post 7.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. B. Riley upped their price target on shares of Dycom Industries from $320.00 to $420.00 and gave the stock a “buy” rating in a research note on Friday, November 21st. DA Davidson boosted their price objective on shares of Dycom Industries from $300.00 to $390.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Zacks Research lowered shares of Dycom Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Vertical Research assumed coverage on shares of Dycom Industries in a research report on Tuesday, December 23rd. They set a “buy” rating and a $420.00 price target for the company. Finally, KeyCorp boosted their price target on Dycom Industries from $320.00 to $392.00 and gave the stock an “overweight” rating in a research note on Friday, November 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $392.70.

Insider Buying and Selling

In related news, Director Eitan Gertel sold 3,645 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director owned 15,997 shares of the company’s stock, valued at approximately $5,528,883.14. The trade was a 18.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.72% of the company’s stock.

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.