Leuthold Group LLC Acquires New Shares in Dycom Industries, Inc. $DY

Leuthold Group LLC bought a new position in Dycom Industries, Inc. (NYSE:DY) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 15,393 shares of the construction company’s stock, valued at approximately $3,762,000. Leuthold Group LLC owned approximately 0.05% of Dycom Industries as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. AlTi Global Inc. lifted its holdings in Dycom Industries by 20.7% during the 2nd quarter. AlTi Global Inc. now owns 13,097 shares of the construction company’s stock worth $3,201,000 after buying an additional 2,243 shares during the period. Entropy Technologies LP raised its position in shares of Dycom Industries by 378.1% during the second quarter. Entropy Technologies LP now owns 7,826 shares of the construction company’s stock worth $1,913,000 after acquiring an additional 6,189 shares during the last quarter. Creative Planning lifted its stake in shares of Dycom Industries by 88.7% in the second quarter. Creative Planning now owns 12,195 shares of the construction company’s stock worth $2,980,000 after acquiring an additional 5,731 shares during the period. Greenleaf Trust bought a new stake in Dycom Industries in the second quarter valued at approximately $246,000. Finally, Federated Hermes Inc. increased its position in Dycom Industries by 27.1% during the 1st quarter. Federated Hermes Inc. now owns 492 shares of the construction company’s stock valued at $75,000 after purchasing an additional 105 shares during the period. 98.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on DY shares. JPMorgan Chase & Co. boosted their price target on shares of Dycom Industries from $275.00 to $370.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. DA Davidson lifted their target price on shares of Dycom Industries from $300.00 to $390.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Wall Street Zen upgraded shares of Dycom Industries from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 23rd. Bank of America upped their price target on shares of Dycom Industries from $310.00 to $365.00 and gave the company a “buy” rating in a research report on Friday, November 21st. Finally, Wells Fargo & Company lifted their price objective on Dycom Industries from $315.00 to $360.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. Two investment analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company’s stock. According to data from MarketBeat, Dycom Industries has an average rating of “Buy” and an average price target of $371.25.

Dycom Industries Trading Up 2.9%

Shares of Dycom Industries stock opened at $365.42 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.96 and a current ratio of 3.16. Dycom Industries, Inc. has a 52 week low of $131.37 and a 52 week high of $364.40. The stock has a 50 day moving average price of $297.19 and a two-hundred day moving average price of $265.11. The stock has a market capitalization of $10.58 billion, a PE ratio of 41.06, a price-to-earnings-growth ratio of 1.38 and a beta of 1.23.

Dycom Industries (NYSE:DY) last issued its earnings results on Wednesday, November 19th. The construction company reported $3.63 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.48. Dycom Industries had a return on equity of 21.17% and a net margin of 5.23%.The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the prior year, the firm earned $2.68 earnings per share. Dycom Industries’s revenue for the quarter was up 14.2% on a year-over-year basis. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. FY 2026 guidance at EPS. As a group, equities analysts anticipate that Dycom Industries, Inc. will post 7.13 earnings per share for the current fiscal year.

About Dycom Industries

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.