Aristotle Capital Boston LLC Has $43.98 Million Stake in Dycom Industries, Inc. $DY

Aristotle Capital Boston LLC trimmed its stake in Dycom Industries, Inc. (NYSE:DY) by 37.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 150,752 shares of the construction company’s stock after selling 88,910 shares during the quarter. Dycom Industries accounts for 2.3% of Aristotle Capital Boston LLC’s portfolio, making the stock its 3rd biggest position. Aristotle Capital Boston LLC’s holdings in Dycom Industries were worth $43,983,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Archer Investment Corp boosted its stake in shares of Dycom Industries by 6.2% during the 2nd quarter. Archer Investment Corp now owns 690 shares of the construction company’s stock valued at $169,000 after purchasing an additional 40 shares in the last quarter. Optiver Holding B.V. raised its stake in Dycom Industries by 57.1% in the third quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock worth $32,000 after buying an additional 40 shares in the last quarter. Quadrant Capital Group LLC raised its stake in Dycom Industries by 1.0% in the second quarter. Quadrant Capital Group LLC now owns 4,492 shares of the construction company’s stock worth $1,098,000 after buying an additional 46 shares in the last quarter. UMB Bank n.a. lifted its holdings in Dycom Industries by 57.3% in the third quarter. UMB Bank n.a. now owns 129 shares of the construction company’s stock worth $38,000 after buying an additional 47 shares during the period. Finally, Bessemer Group Inc. lifted its holdings in Dycom Industries by 48.5% in the third quarter. Bessemer Group Inc. now owns 150 shares of the construction company’s stock worth $43,000 after buying an additional 49 shares during the period. Institutional investors own 98.33% of the company’s stock.

Insiders Place Their Bets

In related news, Director Eitan Gertel sold 3,645 shares of the firm’s stock in a transaction that occurred on Friday, January 9th. The stock was 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 owned 15,997 shares of the company’s stock, valued at $5,528,883.14. This trade represents a 18.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.72% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on DY shares. Zacks Research downgraded Dycom Industries from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. Vertical Research started coverage on Dycom Industries in a research note on Tuesday, December 23rd. They issued a “buy” rating and a $420.00 target price for the company. KeyCorp lifted their price target on Dycom Industries from $426.00 to $482.00 and gave the company an “overweight” rating in a research report on Thursday, March 5th. Cantor Fitzgerald started coverage on Dycom Industries in a research note on Tuesday, March 10th. They issued an “overweight” rating and a $436.00 price target on the stock. Finally, Bank of America increased their price objective on Dycom Industries from $365.00 to $475.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $431.64.

Dycom Industries Price Performance

Shares of DY opened at $347.53 on Friday. Dycom Industries, Inc. has a fifty-two week low of $131.37 and a fifty-two week high of $445.52. The firm’s 50-day simple moving average is $384.04 and its two-hundred day simple moving average is $331.25. The stock has a market cap of $10.42 billion, a PE ratio of 36.20, a price-to-earnings-growth ratio of 1.19 and a beta of 1.34. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.61 and a current ratio of 2.74.

Dycom Industries (NYSE:DY) last released its earnings results on Wednesday, March 4th. The construction company reported $2.03 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the business earned $1.17 earnings per share. The business’s revenue was up 34.4% on a year-over-year basis. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. Analysts anticipate that Dycom Industries, Inc. will post 7.13 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.