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

Lisanti Capital Growth LLC raised its stake in Dycom Industries, Inc. (NYSE:DY) by 66.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,015 shares of the construction company’s stock after buying an additional 7,575 shares during the quarter. Dycom Industries comprises approximately 1.4% of Lisanti Capital Growth LLC’s investment portfolio, making the stock its 27th biggest holding. Lisanti Capital Growth LLC owned 0.07% of Dycom Industries worth $5,548,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DY. Arizona State Retirement System raised its holdings in shares of Dycom Industries by 1.2% during the third quarter. Arizona State Retirement System now owns 8,559 shares of the construction company’s stock worth $2,497,000 after acquiring an additional 101 shares during the period. Archer Investment Corp increased its holdings in Dycom Industries by 7.1% during the 3rd quarter. Archer Investment Corp now owns 739 shares of the construction company’s stock worth $216,000 after purchasing an additional 49 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new stake in shares of Dycom Industries in the 3rd quarter valued at about $2,961,000. Federated Hermes Inc. raised its stake in shares of Dycom Industries by 44.9% in the 3rd quarter. Federated Hermes Inc. now owns 342 shares of the construction company’s stock valued at $100,000 after purchasing an additional 106 shares during the period. Finally, Truist Financial Corp bought a new stake in shares of Dycom Industries in the third quarter valued at about $228,000. Institutional investors own 98.33% of the company’s stock.

Insider Transactions at Dycom Industries

In related news, Director Eitan Gertel sold 3,645 shares of Dycom Industries stock in a transaction dated 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 in the company, valued at approximately $5,528,883.14. This trade represents a 18.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Bank of America increased their price objective on Dycom Industries from $310.00 to $365.00 and gave the stock a “buy” rating in a report on Friday, November 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Dycom Industries in a research report on Wednesday, January 21st. KeyCorp reiterated an “overweight” rating on shares of Dycom Industries in a report on Tuesday. Vertical Research started coverage on shares of Dycom Industries in a research report on Tuesday, December 23rd. They issued a “buy” rating and a $420.00 price objective on the stock. Finally, Wells Fargo & Company raised their target price on shares of Dycom Industries from $315.00 to $360.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Dycom Industries currently has a consensus rating of “Buy” and an average target price of $392.70.

Dycom Industries Price Performance

Shares of DY opened at $364.72 on Friday. The company has a market cap of $10.56 billion, a price-to-earnings ratio of 35.90, a PEG ratio of 1.88 and a beta of 1.34. Dycom Industries, Inc. has a 1-year low of $131.37 and a 1-year high of $386.94. The company’s fifty day simple moving average is $353.94 and its 200 day simple moving average is $302.78. The company has a current ratio of 3.09, a quick ratio of 2.90 and a debt-to-equity ratio of 0.62.

Dycom Industries (NYSE:DY) last announced its quarterly earnings results on Wednesday, November 19th. The construction company reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.48. Dycom Industries had a net margin of 5.75% and a return on equity of 22.21%. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter last year, the company posted $2.68 earnings per share. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. On average, research analysts forecast 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.