Dycom Industries, Inc. $DY Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. lowered its holdings in Dycom Industries, Inc. (NYSE:DY) by 15.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,791 shares of the construction company’s stock after selling 6,044 shares during the period. Advisors Asset Management Inc.’s holdings in Dycom Industries were worth $9,859,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp raised its position in Dycom Industries by 4,626.1% in the first quarter. Jones Financial Companies Lllp now owns 2,174 shares of the construction company’s stock worth $331,000 after acquiring an additional 2,128 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Dycom Industries by 7.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 69,726 shares of the construction company’s stock worth $10,622,000 after acquiring an additional 4,985 shares in the last quarter. Fifth Third Wealth Advisors LLC bought a new stake in Dycom Industries during the 2nd quarter worth about $221,000. Vanguard Personalized Indexing Management LLC bought a new position in Dycom Industries in the second quarter valued at approximately $435,000. Finally, CWM LLC raised its stake in Dycom Industries by 99.0% during the 2nd quarter. CWM LLC now owns 1,562 shares of the construction company’s stock worth $382,000 after buying an additional 777 shares during the period. 98.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Eitan Gertel sold 3,645 shares of the company’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 of the company’s stock, valued at approximately $5,528,883.14. This represents a 18.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.72% of the company’s stock.

Dycom Industries Stock Performance

Shares of DY stock opened at $429.17 on Thursday. The company has a market capitalization of $12.43 billion, a P/E ratio of 42.24, a P/E/G ratio of 1.80 and a beta of 1.36. Dycom Industries, Inc. has a 12-month low of $131.37 and a 12-month high of $429.99. The business’s 50 day moving average is $360.89 and its two-hundred day moving average is $310.87. The company has a current ratio of 3.09, a quick ratio of 2.90 and a debt-to-equity ratio of 0.62.

Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Wednesday, November 19th. The construction company reported $3.63 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.48. Dycom Industries had a return on equity of 22.21% and a net margin of 5.75%.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 prior year, the company 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. Analysts expect that Dycom Industries, Inc. will post 7.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on DY. KeyCorp reissued an “overweight” rating on shares of Dycom Industries in a report on Tuesday, January 27th. Bank of America increased their price target on Dycom Industries from $310.00 to $365.00 and gave the stock a “buy” rating in a report on Friday, November 21st. Vertical Research assumed coverage on shares of Dycom Industries in a research report on Tuesday, December 23rd. They issued a “buy” rating and a $420.00 price target on the stock. Guggenheim assumed coverage on Dycom Industries in a research report on Thursday, January 22nd. They issued a “buy” rating and a $510.00 price objective on the stock. Finally, Wells Fargo & Company increased their target price on shares of Dycom Industries from $315.00 to $360.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $395.20.

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.