12th Street Asset Management Company LLC Grows Position in Dycom Industries, Inc. $DY

12th Street Asset Management Company LLC grew its position in Dycom Industries, Inc. (NYSE:DY) by 48.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 67,238 shares of the construction company’s stock after acquiring an additional 22,077 shares during the quarter. Dycom Industries makes up approximately 3.3% of 12th Street Asset Management Company LLC’s investment portfolio, making the stock its 13th biggest position. 12th Street Asset Management Company LLC’s holdings in Dycom Industries were worth $19,617,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AlTi Global Inc. lifted its position in shares of Dycom Industries by 20.7% during the second quarter. AlTi Global Inc. now owns 13,097 shares of the construction company’s stock worth $3,201,000 after purchasing an additional 2,243 shares in the last quarter. Leuthold Group LLC purchased a new stake in Dycom Industries during the 2nd quarter worth $3,762,000. Entropy Technologies LP lifted its holdings in Dycom Industries by 378.1% in the 2nd quarter. Entropy Technologies LP now owns 7,826 shares of the construction company’s stock worth $1,913,000 after buying an additional 6,189 shares in the last quarter. Creative Planning boosted its position in Dycom Industries by 88.7% in the 2nd quarter. Creative Planning now owns 12,195 shares of the construction company’s stock valued at $2,980,000 after buying an additional 5,731 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Dycom Industries by 7.8% in the 2nd 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 during the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries Price Performance

Shares of NYSE DY opened at $417.06 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.09 and a quick ratio of 2.90. The firm has a market capitalization of $12.08 billion, a PE ratio of 41.05, a P/E/G ratio of 1.89 and a beta of 1.36. Dycom Industries, Inc. has a 1-year low of $131.37 and a 1-year high of $445.53. The business’s fifty day moving average price is $362.13 and its two-hundred day moving average price is $311.61.

Dycom Industries (NYSE:DY) last released 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. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Dycom Industries had a net margin of 5.75% and a return on equity of 22.21%. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.68 EPS. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. On average, research analysts expect that Dycom Industries, Inc. will post 7.13 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on DY shares. Zacks Research lowered Dycom Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. DA Davidson lifted their price objective on Dycom Industries from $300.00 to $390.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. JPMorgan Chase & Co. increased their target price on Dycom Industries from $370.00 to $395.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Guggenheim initiated coverage on shares of Dycom Industries in a research report on Thursday, January 22nd. They set a “buy” rating and a $510.00 price target for the company. Finally, Bank of America upped their price target on shares of Dycom Industries from $310.00 to $365.00 and gave the company a “buy” rating in a report on Friday, November 21st. One 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’s stock. Based on data from MarketBeat, Dycom Industries currently has a consensus rating of “Buy” and a consensus price target of $395.20.

Insider Activity at Dycom Industries

In other news, Director Eitan Gertel sold 3,645 shares of Dycom Industries stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $345.62, for a total transaction of $1,259,784.90. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.72% of the company’s stock.

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.