Southernsun Asset Management LLC Reduces Position in Dycom Industries, Inc. $DY

by · The Cerbat Gem

Southernsun Asset Management LLC decreased its holdings in shares of Dycom Industries, Inc. (NYSE:DY – Free Report) by 58.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 74,662 shares of the construction company’s stock after selling 105,030 shares during the quarter. Dycom Industries accounts for about 2.6% of Southernsun Asset Management LLC’s investment portfolio, making the stock its 20th biggest position. Southernsun Asset Management LLC’s holdings in Dycom Industries were worth $18,247,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Archer Investment Corp boosted its holdings in Dycom Industries by 6.2% during the 2nd quarter. Archer Investment Corp now owns 690 shares of the construction company’s stock valued at $169,000 after acquiring an additional 40 shares during the period. Quadrant Capital Group LLC increased its stake in Dycom Industries by 1.0% in the second quarter. Quadrant Capital Group LLC now owns 4,492 shares of the construction company’s stock worth $1,098,000 after purchasing an additional 46 shares during the period. Profund Advisors LLC lifted its position in shares of Dycom Industries by 4.5% during the second quarter. Profund Advisors LLC now owns 1,420 shares of the construction company’s stock worth $347,000 after purchasing an additional 61 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Dycom Industries by 73.1% during the second quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock worth $39,000 after purchasing an additional 68 shares during the last quarter. Finally, Assetmark Inc. boosted its stake in shares of Dycom Industries by 5.5% during the second quarter. Assetmark Inc. now owns 1,371 shares of the construction company’s stock valued at $335,000 after purchasing an additional 72 shares during the period. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

Dycom Industries Trading Down 0.9%

NYSE:DY opened at $348.48 on Tuesday. Dycom Industries, Inc. has a one year low of $131.37 and a one year high of $364.40. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.90 and a current ratio of 3.09. The firm has a market cap of $10.09 billion, a P/E ratio of 34.30, a P/E/G ratio of 1.83 and a beta of 1.36. The firm has a 50-day simple moving average of $305.49 and a 200-day simple moving average of $271.91.

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

Analysts Set New Price Targets

DY has been the topic of several recent analyst reports. Bank of America raised their price target on shares of Dycom Industries from $310.00 to $365.00 and gave the stock a “buy” rating in a research note on Friday, November 21st. UBS Group upped their target price on shares of Dycom Industries from $336.00 to $373.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Zacks Research raised shares of Dycom Industries from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Raymond James Financial lifted their price target on shares of Dycom Industries from $290.00 to $300.00 and gave the company a “strong-buy” rating in a research note on Thursday, August 21st. Finally, DA Davidson increased their price objective on Dycom Industries from $300.00 to $390.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Two research analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to data from MarketBeat.com, Dycom Industries currently has an average rating of “Buy” and an average price target of $371.25.

View Our Latest Analysis on DY

Dycom Industries Profile

(Free Report)

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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