Thrivent Financial for Lutherans Has $2.43 Million Stock Holdings in Dycom Industries, Inc. $DY

Thrivent Financial for Lutherans decreased its stake in Dycom Industries, Inc. (NYSE:DY) by 66.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,177 shares of the construction company’s stock after selling 14,347 shares during the period. Thrivent Financial for Lutherans’ holdings in Dycom Industries were worth $2,425,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in DY. Jones Financial Companies Lllp increased its stake in shares of 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 valued at $331,000 after buying an additional 2,128 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Dycom Industries by 7.7% in 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 valued at $10,622,000 after buying an additional 4,985 shares during the period. Invesco Ltd. increased its stake in shares of Dycom Industries by 7.0% in the second quarter. Invesco Ltd. now owns 227,127 shares of the construction company’s stock valued at $55,508,000 after buying an additional 14,891 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of 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 buying an additional 68 shares during the period. Finally, Cerity Partners LLC increased its stake in shares of Dycom Industries by 8.9% in the second quarter. Cerity Partners LLC now owns 2,239 shares of the construction company’s stock valued at $547,000 after buying an additional 183 shares during the period. Institutional investors and hedge funds own 98.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Bank of America increased their price target on Dycom Industries from $365.00 to $475.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Zacks Research raised Dycom Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. UBS Group set a $475.00 price target on Dycom Industries and gave the company a “buy” rating in a research note on Friday, March 6th. B. Riley Financial increased their price target on Dycom Industries from $420.00 to $485.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Finally, Weiss Ratings lowered Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $431.64.

Dycom Industries Stock Up 0.4%

Shares of Dycom Industries stock opened at $412.73 on Tuesday. Dycom Industries, Inc. has a one year low of $220.60 and a one year high of $464.82. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.74 and a quick ratio of 2.61. The stock’s 50-day moving average is $390.59 and its 200 day moving average is $371.33. The firm has a market cap of $12.39 billion, a price-to-earnings ratio of 42.99, a PEG ratio of 0.94 and a beta of 1.46.

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

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.