Connor Clark & Lunn Investment Management Ltd. Purchases Shares of 49,454 Dycom Industries, Inc. $DY

Posted by Geri Gentry on Aug 25th, 2026

Connor Clark & Lunn Investment Management Ltd. acquired a new position in Dycom Industries, Inc. (NYSE:DY – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 49,454 shares of the construction company’s stock, valued at approximately $25,003,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.16% of Dycom Industries at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. &PARTNERS grew its holdings in shares of Dycom Industries by 2.5% in the fourth quarter. &PARTNERS now owns 1,053 shares of the construction company’s stock valued at $356,000 after purchasing an additional 26 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Dycom Industries by 17.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the construction company’s stock valued at $69,000 after purchasing an additional 30 shares in the last quarter. Legacy Wealth Managment LLC ID lifted its position in Dycom Industries by 30.4% during the first quarter. Legacy Wealth Managment LLC ID now owns 150 shares of the construction company’s stock valued at $51,000 after purchasing an additional 35 shares during the last quarter. Osaic Holdings Inc. lifted its position in Dycom Industries by 1.7% during the fourth quarter. Osaic Holdings Inc. now owns 2,062 shares of the construction company’s stock valued at $697,000 after purchasing an additional 35 shares during the last quarter. Finally, CWM LLC grew its stake in shares of Dycom Industries by 1.9% in the 4th quarter. CWM LLC now owns 1,956 shares of the construction company’s stock worth $661,000 after buying an additional 36 shares in the last quarter. 98.33% of the stock is owned by hedge funds and other institutional investors.

Dycom Industries Stock Performance

Dycom Industries stock opened at $381.76 on Tuesday. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.58 and a quick ratio of 2.46. The firm has a market capitalization of $11.46 billion, a P/E ratio of 36.32, a price-to-earnings-growth ratio of 0.69 and a beta of 1.54. Dycom Industries, Inc. has a 1-year low of $242.55 and a 1-year high of $566.47. The company’s 50-day moving average is $429.52 and its 200 day moving average is $415.72.

Dycom Industries (NYSE:DY – Get Free Report) last announced its earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.73 by $1.69. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the previous year, the business earned $2.09 earnings per share. The company’s revenue for the quarter was up 56.1% compared to the same quarter last year. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. Research analysts forecast that Dycom Industries, Inc. will post 15.45 EPS for the current year.

Wall Street Analysts Forecast Growth

DY has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. UBS Group reissued a “buy” rating on shares of Dycom Industries in a research note on Friday, July 24th. Cantor Fitzgerald upped their price objective on Dycom Industries from $436.00 to $654.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. B. Riley Financial raised their price objective on Dycom Industries from $485.00 to $625.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Finally, Wedbush set a $654.00 target price on Dycom Industries in a report on Friday, May 29th. Eleven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $578.09.

Read Our Latest Research Report on Dycom Industries

About Dycom Industries

(Free Report)

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.