Thrivent Financial for Lutherans Has $6 Million Stake in Dycom Industries, Inc. $DY

Thrivent Financial for Lutherans boosted its holdings in shares of Dycom Industries, Inc. (NYSE:DY) by 14.5% during the second quarter, Holdings Channel reports. The institutional investor owned 24,528 shares of the construction company’s stock after acquiring an additional 3,098 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Dycom Industries were worth $5,995,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. LPL Financial LLC lifted its holdings in shares of Dycom Industries by 6.8% during the 1st quarter. LPL Financial LLC now owns 10,798 shares of the construction company’s stock worth $1,645,000 after acquiring an additional 685 shares during the period. Russell Investments Group Ltd. lifted its stake in Dycom Industries by 13.7% during the first quarter. Russell Investments Group Ltd. now owns 24,012 shares of the construction company’s stock worth $3,658,000 after purchasing an additional 2,897 shares during the period. Hsbc Holdings PLC lifted its stake in Dycom Industries by 14.6% during the first quarter. Hsbc Holdings PLC now owns 8,763 shares of the construction company’s stock worth $1,319,000 after purchasing an additional 1,119 shares during the period. CW Advisors LLC boosted its holdings in Dycom Industries by 1.0% during the first quarter. CW Advisors LLC now owns 9,338 shares of the construction company’s stock valued at $1,423,000 after purchasing an additional 91 shares in the last quarter. Finally, AlphaQuest LLC bought a new stake in shares of Dycom Industries in the 1st quarter valued at approximately $37,000. Institutional investors own 98.33% of the company’s stock.

Dycom Industries Price Performance

Shares of DY stock opened at $344.48 on Friday. Dycom Industries, Inc. has a 52 week low of $131.37 and a 52 week high of $366.65. The stock has a market capitalization of $9.98 billion, a PE ratio of 33.91, a PEG ratio of 1.76 and a beta of 1.36. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.90 and a current ratio of 3.09. The stock’s fifty day moving average is $316.13 and its 200-day moving average is $278.85.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Wednesday, November 19th. The construction company reported $3.63 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the prior year, the company earned $2.68 EPS. The firm’s quarterly 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. Equities research analysts expect that Dycom Industries, Inc. will post 7.13 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of Dycom Industries in a research report on Wednesday, October 8th. DA Davidson increased their price objective on Dycom Industries from $300.00 to $390.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. JPMorgan Chase & Co. boosted their target price on shares of Dycom Industries from $275.00 to $370.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. KeyCorp increased their target price on shares of Dycom Industries from $320.00 to $392.00 and gave the stock an “overweight” rating in a research report on Friday, November 21st. Finally, UBS Group lifted their price target on shares of Dycom Industries from $336.00 to $373.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Two investment analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. Based on data from MarketBeat.com, Dycom Industries has an average rating of “Buy” and a consensus target price of $371.25.

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.