14,170 Shares in Dycom Industries, Inc. $DY Bought by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC bought a new stake in Dycom Industries, Inc. (NYSE:DY) during the second quarter, Holdings Channel reports. The fund bought 14,170 shares of the construction company’s stock, valued at approximately $7,164,000. Dycom Industries comprises about 1.6% of Lisanti Capital Growth LLC’s investment portfolio, making the stock its 11th biggest position.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Tocqueville Asset Management L.P. acquired a new stake in Dycom Industries during the second quarter worth about $7,241,000. NewEdge Wealth LLC purchased a new position in shares of Dycom Industries in the 2nd quarter worth about $482,000. Great Lakes Advisors LLC acquired a new position in shares of Dycom Industries in the 2nd quarter valued at about $4,319,000. Comprehensive Financial Planning Inc. PA acquired a new position in shares of Dycom Industries in the 2nd quarter valued at about $383,000. Finally, Danske Bank A S purchased a new stake in shares of Dycom Industries during the 2nd quarter worth about $369,000. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on DY shares. Wedbush set a $654.00 target price on shares of Dycom Industries in a research report on Friday, May 29th. B. Riley Financial lifted their price target on shares of Dycom Industries from $485.00 to $625.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. UBS Group reiterated a “buy” rating on shares of Dycom Industries in a research note on Friday, July 24th. KeyCorp increased their price objective on shares of Dycom Industries from $482.00 to $610.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Finally, Guggenheim raised their target price on shares of Dycom Industries from $575.00 to $620.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Dycom Industries presently has a consensus rating of “Buy” and a consensus price target of $554.92.

Dycom Industries Stock Down 3.0%

Shares of NYSE DY opened at $402.27 on Thursday. Dycom Industries, Inc. has a 1 year low of $233.00 and a 1 year high of $566.47. The firm has a market cap of $12.08 billion, a price-to-earnings ratio of 38.27, a PEG ratio of 0.73 and a beta of 1.54. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.46 and a current ratio of 2.58. The stock’s 50-day simple moving average is $434.11 and its 200-day simple moving average is $415.46.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Wednesday, May 27th. The construction company reported $4.42 EPS for the quarter, beating analysts’ consensus estimates of $2.73 by $1.69. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.67 billion. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.Dycom Industries’s revenue for the quarter was up 56.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.09 earnings per share. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. As a group, equities analysts anticipate that Dycom Industries, Inc. will post 15.45 earnings per share for the current fiscal 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.