Russell Investments Group Ltd. Increases Stock Holdings in Dycom Industries, Inc. $DY

Russell Investments Group Ltd. boosted its holdings in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) by 16.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,968 shares of the construction company's stock after buying an additional 3,956 shares during the period. Russell Investments Group Ltd. owned approximately 0.10% of Dycom Industries worth $6,836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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Other institutional investors have also added to or reduced their stakes in the company. AlphaQuest LLC acquired a new position in shares of Dycom Industries during the first quarter valued at about $37,000. Federated Hermes Inc. boosted its stake in Dycom Industries by 27.1% in the 1st quarter. Federated Hermes Inc. now owns 492 shares of the construction company's stock worth $75,000 after purchasing an additional 105 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in Dycom Industries by 370.5% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 607 shares of the construction company's stock worth $92,000 after purchasing an additional 478 shares during the last quarter. Archer Investment Corp grew its position in Dycom Industries by 6.2% during the 2nd quarter. Archer Investment Corp now owns 690 shares of the construction company's stock worth $169,000 after purchasing an additional 40 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Dycom Industries by 83.1% during the 2nd quarter. GAMMA Investing LLC now owns 705 shares of the construction company's stock valued at $172,000 after purchasing an additional 320 shares in the last quarter. Institutional investors and hedge funds own 98.33% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on DY shares. Zacks Research upgraded shares of Dycom Industries from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 15th. KeyCorp raised their target price on Dycom Industries from $320.00 to $392.00 and gave the stock an "overweight" rating in a research note on Friday, November 21st. DA Davidson boosted their price target on Dycom Industries from $300.00 to $390.00 and gave the company a "buy" rating in a research note on Thursday, November 20th. Weiss Ratings reissued a "buy (b)" rating on shares of Dycom Industries in a report on Wednesday, October 8th. Finally, B. Riley lifted their target price on Dycom Industries from $320.00 to $420.00 and gave the stock a "buy" rating in a report on Friday, November 21st. 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, the company presently has a consensus rating of "Buy" and an average target price of $371.25.

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Check Out Our Latest Report on DY

Dycom Industries Stock Performance

Shares of DY stock opened at $354.84 on Friday. Dycom Industries, Inc. has a 52-week low of $131.37 and a 52-week high of $364.40. The company has a quick ratio of 2.90, a current ratio of 3.09 and a debt-to-equity ratio of 0.62. The stock has a market cap of $10.28 billion, a PE ratio of 34.92, a price-to-earnings-growth ratio of 1.84 and a beta of 1.36. The business has a 50-day simple moving average of $303.13 and a 200-day simple moving average of $269.05.

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Dycom Industries (NYSE:DY - Get Free Report) last announced its quarterly earnings results on Wednesday, November 19th. The construction company reported $3.63 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.48. Dycom Industries had a return on equity of 22.21% and a net margin of 5.75%.The company had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.41 billion. During the same period last year, the business earned $2.68 earnings per share. Dycom Industries's quarterly revenue was up 14.2% on a year-over-year basis. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. On average, equities analysts expect that Dycom Industries, Inc. will post 7.13 EPS for the current year.

Dycom Industries Company Profile

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.

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