Dycom Industries, Inc. $DY Shares Acquired by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC boosted its position in Dycom Industries, Inc. (NYSE:DY) by 8.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 20,540 shares of the construction company’s stock after purchasing an additional 1,525 shares during the period. Dycom Industries comprises 1.6% of Lisanti Capital Growth LLC’s holdings, making the stock its 10th largest position. Lisanti Capital Growth LLC owned about 0.07% of Dycom Industries worth $6,940,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of DY. Jones Financial Companies Lllp lifted its position in Dycom Industries by 4,626.1% during 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 during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position 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 during the last quarter. Invesco Ltd. lifted its position in Dycom Industries by 7.0% during the second quarter. Invesco Ltd. now owns 227,127 shares of the construction company’s stock worth $55,508,000 after acquiring an additional 14,891 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Dycom Industries by 73.1% during the second quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock worth $39,000 after acquiring an additional 68 shares during the last quarter. Finally, Cerity Partners LLC lifted its position in Dycom Industries by 8.9% during the second quarter. Cerity Partners LLC now owns 2,239 shares of the construction company’s stock worth $547,000 after acquiring an additional 183 shares during the last quarter. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on DY shares. UBS Group set a $475.00 price objective on shares of Dycom Industries and gave the stock a “buy” rating in a research report on Friday, March 6th. Weiss Ratings downgraded shares of Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. KeyCorp raised their price objective on shares of Dycom Industries from $426.00 to $482.00 and gave the stock an “overweight” rating in a research report on Thursday, March 5th. B. Riley Financial raised their price objective on shares of Dycom Industries from $420.00 to $485.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Finally, Bank of America raised their price objective on shares of Dycom Industries from $365.00 to $475.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $431.64.

Dycom Industries Stock Down 0.4%

Shares of DY opened at $412.73 on Friday. Dycom Industries, Inc. has a 12 month low of $220.60 and a 12 month high of $464.82. The firm’s 50 day moving average is $389.47 and its 200-day moving average is $369.82. The stock has a market capitalization of $12.39 billion, a PE ratio of 42.99, a P/E/G ratio of 0.94 and a beta of 1.46. The company has a current ratio of 2.74, a quick ratio of 2.61 and a debt-to-equity ratio of 1.51.

Dycom Industries (NYSE:DY) last announced its earnings results on Wednesday, March 4th. The construction company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.91 by $0.12. Dycom Industries had a net margin of 5.07% and a return on equity of 21.77%. The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period last year, the firm earned $1.17 earnings per share. The business’s revenue for the quarter was up 34.4% on a year-over-year basis. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. Equities research analysts forecast that Dycom Industries, Inc. will post 12.89 EPS for the current year.

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.