Ensign Peak Advisors Inc Decreases Position in Dycom Industries, Inc. $DY

Ensign Peak Advisors Inc lowered its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 12.0% during the second quarter, Holdings Channel reports. The fund owned 8,803 shares of the construction company’s stock after selling 1,200 shares during the period. Ensign Peak Advisors Inc’s holdings in Dycom Industries were worth $2,151,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Millennium Management LLC grew its stake in Dycom Industries by 3.2% during the 1st quarter. Millennium Management LLC now owns 1,481,394 shares of the construction company’s stock worth $225,676,000 after purchasing an additional 45,562 shares in the last quarter. Hill City Capital LP boosted its stake in shares of Dycom Industries by 14.1% in the 1st quarter. Hill City Capital LP now owns 969,784 shares of the construction company’s stock valued at $147,737,000 after buying an additional 120,000 shares during the period. Appian Way Asset Management LP grew its position in shares of Dycom Industries by 108.1% during the first quarter. Appian Way Asset Management LP now owns 189,685 shares of the construction company’s stock worth $28,897,000 after buying an additional 98,542 shares in the last quarter. Voya Investment Management LLC increased its stake in shares of Dycom Industries by 1,432.2% during the first quarter. Voya Investment Management LLC now owns 144,883 shares of the construction company’s stock worth $22,071,000 after buying an additional 135,427 shares during the period. Finally, Reaves W H & Co. Inc. raised its holdings in Dycom Industries by 20.2% in the first quarter. Reaves W H & Co. Inc. now owns 141,108 shares of the construction company’s stock valued at $21,496,000 after acquiring an additional 23,679 shares in the last quarter. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DY. Raymond James Financial boosted their price target on shares of Dycom Industries from $290.00 to $300.00 and gave the stock a “strong-buy” rating in a report on Thursday, August 21st. UBS Group lifted their price objective on shares of Dycom Industries from $336.00 to $373.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Wells Fargo & Company increased their target price on Dycom Industries from $315.00 to $360.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. Weiss Ratings restated a “buy (b)” rating on shares of Dycom Industries in a research note on Wednesday, October 8th. Finally, B. Riley lifted their price target on Dycom Industries from $320.00 to $420.00 and gave the stock a “buy” rating in a report on Friday, November 21st. Two research analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $371.25.

Dycom Industries Price Performance

Shares of NYSE:DY opened at $355.14 on Thursday. Dycom Industries, Inc. has a 12 month low of $131.37 and a 12 month high of $362.54. The firm has a market capitalization of $10.28 billion, a P/E ratio of 39.90, a P/E/G ratio of 1.38 and a beta of 1.23. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.16 and a quick ratio of 2.96. The company’s fifty day moving average price is $293.59 and its 200 day moving average price is $262.77.

Dycom Industries (NYSE:DY) last issued its quarterly earnings data on Wednesday, November 19th. The construction company reported $3.63 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter last year, the company posted $2.68 earnings per share. The business’s quarterly revenue 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. FY 2026 guidance at EPS. As a group, sell-side analysts predict 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.