Dycom Industries, Inc. $DY Shares Purchased by First Trust Advisors LP

First Trust Advisors LP grew its position in Dycom Industries, Inc. (NYSE:DY) by 6.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 604,865 shares of the construction company’s stock after purchasing an additional 38,472 shares during the period. First Trust Advisors LP’s holdings in Dycom Industries were worth $176,475,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DY. Legato Capital Management LLC raised its holdings in shares of Dycom Industries by 72.4% during the third quarter. Legato Capital Management LLC now owns 3,740 shares of the construction company’s stock valued at $1,091,000 after buying an additional 1,570 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Dycom Industries by 0.7% during the third quarter. Victory Capital Management Inc. now owns 6,726 shares of the construction company’s stock worth $1,962,000 after buying an additional 49 shares during the period. CI Investments Inc. grew its holdings in Dycom Industries by 259.4% in the 3rd quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock worth $34,000 after buying an additional 83 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in Dycom Industries in the 3rd quarter valued at approximately $24,634,000. Finally, American Century Companies Inc. increased its position in Dycom Industries by 58.4% in the 3rd quarter. American Century Companies Inc. now owns 97,801 shares of the construction company’s stock valued at $28,534,000 after acquiring an additional 36,074 shares during the period. Institutional investors and hedge funds own 98.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on DY shares. Wells Fargo & Company lifted their target price on Dycom Industries from $315.00 to $360.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. UBS Group set a $475.00 price target on Dycom Industries and gave the company a “buy” rating in a report on Friday. Wall Street Zen cut shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday. JPMorgan Chase & Co. upped their price objective on shares of Dycom Industries from $395.00 to $415.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, KeyCorp increased their target price on shares of Dycom Industries from $426.00 to $482.00 and gave the company an “overweight” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $431.20.

Insider Buying and Selling at Dycom Industries

In other news, Director Eitan Gertel sold 3,645 shares of Dycom Industries stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $345.62, for a total value of $1,259,784.90. Following the transaction, the director owned 15,997 shares of the company’s stock, valued at $5,528,883.14. The trade was a 18.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 3.72% of the company’s stock.

Dycom Industries Trading Down 3.4%

Shares of Dycom Industries stock opened at $357.34 on Friday. The business has a fifty day simple moving average of $382.34 and a 200-day simple moving average of $327.71. Dycom Industries, Inc. has a fifty-two week low of $131.37 and a fifty-two week high of $445.52. The firm has a market cap of $10.35 billion, a price-to-earnings ratio of 37.22, a price-to-earnings-growth ratio of 1.17 and a beta of 1.34. The company has a quick ratio of 2.90, a current ratio of 2.74 and a debt-to-equity ratio of 1.51.

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, topping analysts’ consensus estimates of $1.91 by $0.12. Dycom Industries had a return on equity of 21.77% and a net margin of 5.07%.The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the company earned $1.17 earnings per share. Dycom Industries’s revenue 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. On average, equities analysts forecast that Dycom Industries, Inc. will post 7.13 EPS for the current fiscal year.

Key Headlines Impacting Dycom Industries

Here are the key news stories impacting Dycom Industries this week:

• Positive Sentiment: Multiple broker upgrades and higher targets — B. Riley raised its target to $485 (buy), KeyCorp raised its target to $482 (overweight) and JPMorgan boosted its target to $415 (overweight), signaling analyst conviction in continued growth upside. Benzinga
• Positive Sentiment: Q4 results topped expectations: Dycom reported record contract revenue, adjusted earnings and adjusted EBITDA above consensus, and reiterated a strong growth outlook in the earnings call — fundamental beats underpin the bullish analyst moves. Earnings Call Summary
• Neutral Sentiment: Brokerage consensus remains constructive but measured — services aggregators show a “Moderate Buy” consensus, reflecting optimism tempered by valuation and execution risk. Consensus Article
• Neutral Sentiment: Earnings materials and presentation released for Q4 provide additional detail on backlog, margins and guidance — useful for investors evaluating revenue mix and margin cadence. Earnings Presentation
• Negative Sentiment: Market reaction: some outlets note the stock moved lower despite the beats — suggesting profit-taking and short-term investor concern about near-term valuation after a recent run-up. Zacks

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.