Alexander Labrunerie & CO. Inc. Acquires Shares of 1,045 Dycom Industries, Inc. $DY

Alexander Labrunerie & CO. Inc. acquired a new stake in shares of Dycom Industries, Inc. (NYSE:DY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,045 shares of the construction company’s stock, valued at approximately $255,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DY. AlphaQuest LLC bought a new position in shares of Dycom Industries during the first quarter valued at approximately $37,000. Federated Hermes Inc. grew its stake in shares of Dycom Industries by 27.1% during the first quarter. Federated Hermes Inc. now owns 492 shares of the construction company’s stock valued at $75,000 after buying an additional 105 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of Dycom Industries by 370.5% during the first quarter. Caitong International Asset Management Co. Ltd now owns 607 shares of the construction company’s stock valued at $92,000 after buying an additional 478 shares during the last quarter. Archer Investment Corp bought a new position in shares of Dycom Industries during the first quarter valued at approximately $99,000. Finally, GAMMA Investing LLC grew its stake in shares of Dycom Industries by 83.1% during the second quarter. GAMMA Investing LLC now owns 705 shares of the construction company’s stock valued at $172,000 after buying an additional 320 shares during the last quarter. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

Dycom Industries Stock Down 2.8%

Shares of NYSE:DY opened at $283.66 on Tuesday. The company has a quick ratio of 2.96, a current ratio of 3.16 and a debt-to-equity ratio of 0.74. The stock has a market cap of $8.21 billion, a P/E ratio of 31.87, a price-to-earnings-growth ratio of 1.39 and a beta of 1.15. The business’s 50 day moving average is $273.29 and its 200 day moving average is $241.87. Dycom Industries, Inc. has a 52-week low of $131.37 and a 52-week high of $301.88.

Dycom Industries (NYSE:DY) last announced its earnings results on Wednesday, August 20th. The construction company reported $3.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.41. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Dycom Industries had a return on equity of 21.17% and a net margin of 5.23%.The business’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.46 EPS. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. Sell-side analysts predict that Dycom Industries, Inc. will post 7.13 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. DA Davidson upped their target price on Dycom Industries from $265.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Wall Street Zen raised Dycom Industries from a “hold” rating to a “buy” rating in a research note on Friday, August 22nd. Wells Fargo & Company upped their target price on Dycom Industries from $295.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, September 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Dycom Industries in a research note on Wednesday, October 8th. Finally, Bank of America increased their price objective on Dycom Industries from $299.00 to $310.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Two investment analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $301.38.

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.