Lisanti Capital Growth LLC Has $5.55 Million Position in Dycom Industries, Inc. $DY

Lisanti Capital Growth LLC boosted its holdings in Dycom Industries, Inc. (NYSE:DY) by 66.2% during the third quarter, Holdings Channel reports. The fund owned 19,015 shares of the construction company’s stock after purchasing an additional 7,575 shares during the period. Dycom Industries makes up 1.4% of Lisanti Capital Growth LLC’s holdings, making the stock its 27th largest holding. Lisanti Capital Growth LLC’s holdings in Dycom Industries were worth $5,548,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Peconic Partners LLC raised its position in shares of Dycom Industries by 2.8% in the second quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock valued at $933,038,000 after purchasing an additional 105,586 shares during the period. Bank of America Corp DE grew its stake in Dycom Industries by 4.8% in the 2nd quarter. Bank of America Corp DE now owns 307,545 shares of the construction company’s stock valued at $75,161,000 after buying an additional 14,147 shares during the last quarter. Voya Investment Management LLC raised its holdings in Dycom Industries by 92.6% in the 3rd quarter. Voya Investment Management LLC now owns 237,576 shares of the construction company’s stock valued at $69,315,000 after acquiring an additional 114,235 shares during the period. 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. Finally, Franklin Resources Inc. boosted its holdings in shares of Dycom Industries by 19.9% during the second quarter. Franklin Resources Inc. now owns 213,137 shares of the construction company’s stock worth $52,089,000 after acquiring an additional 35,323 shares during the period. 98.33% of the stock is owned by institutional investors.

Dycom Industries Trading Down 0.2%

DY opened at $364.72 on Friday. The stock has a market capitalization of $10.56 billion, a price-to-earnings ratio of 35.90, a P/E/G ratio of 1.88 and a beta of 1.34. The company has a quick ratio of 2.90, a current ratio of 3.09 and a debt-to-equity ratio of 0.62. Dycom Industries, Inc. has a twelve month low of $131.37 and a twelve month high of $386.94. The company has a 50-day simple moving average of $353.94 and a 200 day simple moving average of $302.78.

Dycom Industries (NYSE:DY) last released its earnings results on Wednesday, November 19th. The construction company reported $3.63 EPS for the quarter, beating the consensus estimate of $3.15 by $0.48. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.41 billion. Dycom Industries had a net margin of 5.75% and a return on equity of 22.21%. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period last year, the firm earned $2.68 EPS. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. Analysts predict that Dycom Industries, Inc. will post 7.13 EPS for the current fiscal year.

Insider Buying and Selling

In other Dycom Industries news, Director Eitan Gertel sold 3,645 shares of the business’s stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $345.62, for a total transaction of $1,259,784.90. Following the completion of the transaction, the director directly owned 15,997 shares in the company, valued at $5,528,883.14. The trade was a 18.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.72% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. KeyCorp reiterated an “overweight” rating on shares of Dycom Industries in a research note on Tuesday. Zacks Research cut Dycom Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. JPMorgan Chase & Co. lifted their target price on Dycom Industries from $275.00 to $370.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. DA Davidson upped their price target on shares of Dycom Industries from $300.00 to $390.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Finally, Vertical Research began coverage on shares of Dycom Industries in a research note on Tuesday, December 23rd. They issued a “buy” rating and a $420.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Dycom Industries has an average rating of “Buy” and a consensus price target of $392.70.

Dycom Industries Company 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.