Voya Investment Management LLC Boosts Stock Holdings in Dycom Industries, Inc. $DY

Voya Investment Management LLC raised its stake in Dycom Industries, Inc. (NYSE:DY) by 92.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 237,576 shares of the construction company’s stock after purchasing an additional 114,235 shares during the quarter. Voya Investment Management LLC owned about 0.82% of Dycom Industries worth $69,315,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Dycom Industries in the 2nd quarter worth about $32,000. AlphaQuest LLC acquired a new position in Dycom Industries in the 1st quarter worth $37,000. EverSource Wealth Advisors LLC boosted its holdings in Dycom Industries by 73.1% in the second quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock valued at $39,000 after purchasing an additional 68 shares during the last quarter. Caldwell Trust Co purchased a new position in shares of Dycom Industries during the 2nd quarter valued at approximately $61,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Dycom Industries by 25.0% during the second quarter. Smartleaf Asset Management LLC now owns 485 shares of the construction company’s stock valued at $119,000 after purchasing an additional 97 shares during the last quarter. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Dycom Industries Price Performance

Shares of NYSE:DY opened at $344.48 on Friday. The business has a 50-day moving average of $316.13 and a two-hundred day moving average of $278.85. Dycom Industries, Inc. has a fifty-two week low of $131.37 and a fifty-two week high of $366.65. 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 stock has a market capitalization of $9.98 billion, a P/E ratio of 33.91, a P/E/G ratio of 1.76 and a beta of 1.36.

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on DY shares. JPMorgan Chase & Co. lifted their price objective on shares of Dycom Industries from $275.00 to $370.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. KeyCorp lifted their target price on Dycom Industries from $320.00 to $392.00 and gave the stock an “overweight” rating in a report on Friday, November 21st. Wall Street Zen raised shares of Dycom Industries from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Dycom Industries in a research report on Wednesday, October 8th. Finally, B. Riley raised their price objective on Dycom Industries from $320.00 to $420.00 and gave the stock a “buy” rating in a research report on Friday, November 21st. Two investment analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently 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.