Thompson Davis & CO. Inc. Has $849,000 Holdings in Dycom Industries, Inc. $DY

Thompson Davis & CO. Inc. trimmed its position in shares of Dycom Industries, Inc. (NYSE:DY) by 55.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,910 shares of the construction company’s stock after selling 3,665 shares during the period. Thompson Davis & CO. Inc.’s holdings in Dycom Industries were worth $849,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC bought a new position in shares of Dycom Industries in the 3rd quarter valued at about $275,000. Bessemer Group Inc. lifted its holdings in Dycom Industries by 48.5% during the 3rd quarter. Bessemer Group Inc. now owns 150 shares of the construction company’s stock valued at $43,000 after purchasing an additional 49 shares during the last quarter. Savant Capital LLC increased its holdings in shares of Dycom Industries by 3.6% in the third quarter. Savant Capital LLC now owns 2,066 shares of the construction company’s stock valued at $603,000 after purchasing an additional 72 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Dycom Industries by 7.7% in the third quarter. Envestnet Asset Management Inc. now owns 12,848 shares of the construction company’s stock valued at $3,749,000 after purchasing an additional 924 shares during the period. Finally, WCM Investment Management LLC acquired a new stake in shares of Dycom Industries during the 3rd quarter worth about $15,744,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. UBS Group lifted their price target on Dycom Industries from $373.00 to $400.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Zacks Research cut shares of Dycom Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Guggenheim assumed coverage on shares of Dycom Industries in a research note on Thursday, January 22nd. They issued a “buy” rating and a $510.00 price target on the stock. B. Riley Financial lifted their price objective 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. Finally, JPMorgan Chase & Co. increased their target price on shares of Dycom Industries from $370.00 to $395.00 and gave the stock an “overweight” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $395.20.

Dycom Industries Stock Performance

Shares of Dycom Industries stock opened at $401.00 on Friday. The company has a current ratio of 3.09, a quick ratio of 2.90 and a debt-to-equity ratio of 0.62. The company has a market cap of $11.61 billion, a PE ratio of 39.47, a price-to-earnings-growth ratio of 1.44 and a beta of 1.36. The company has a 50 day moving average of $356.91 and a 200-day moving average of $307.22. Dycom Industries, Inc. has a 1-year low of $131.37 and a 1-year high of $402.33.

Dycom Industries (NYSE:DY) last announced its quarterly earnings data on Wednesday, November 19th. The construction company reported $3.63 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the previous year, the business earned $2.68 earnings per share. The company’s revenue 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 forecast that Dycom Industries, Inc. will post 7.13 earnings per share for the current fiscal year.

Insider Buying and Selling at Dycom Industries

In related news, Director Eitan Gertel sold 3,645 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $5,528,883.14. This trade represents a 18.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.72% of the stock is currently owned by corporate insiders.

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.