Lisanti Capital Growth LLC Increases Holdings in Dycom Industries, Inc. $DY

Lisanti Capital Growth LLC boosted its position in Dycom Industries, Inc. (NYSE:DY) by 8.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 20,540 shares of the construction company’s stock after buying an additional 1,525 shares during the quarter. Dycom Industries makes up 1.6% of Lisanti Capital Growth LLC’s portfolio, making the stock its 10th biggest position. Lisanti Capital Growth LLC’s holdings in Dycom Industries were worth $6,940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Root Financial Partners LLC bought a new position in Dycom Industries in the third quarter valued at approximately $26,000. Optiver Holding B.V. grew its stake in shares of Dycom Industries by 57.1% during the third quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock worth $32,000 after buying an additional 40 shares during the last quarter. Sound Income Strategies LLC bought a new stake in shares of Dycom Industries during the fourth quarter worth $32,000. CI Investments Inc. grew its stake in shares of Dycom Industries by 259.4% during the third quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock worth $34,000 after buying an additional 83 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in shares of Dycom Industries by 57.3% during the third quarter. UMB Bank n.a. now owns 129 shares of the construction company’s stock worth $38,000 after buying an additional 47 shares during the last quarter. 98.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Weiss Ratings cut shares of Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. UBS Group set a $475.00 target price on shares of Dycom Industries and gave the stock a “buy” rating in a research note on Friday, March 6th. KeyCorp boosted their target price on shares of Dycom Industries from $426.00 to $482.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $436.00 target price on shares of Dycom Industries in a research note on Friday, March 27th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Dycom Industries from $395.00 to $415.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Dycom Industries currently has an average rating of “Buy” and a consensus price target of $431.64.

Dycom Industries Price Performance

Shares of NYSE:DY opened at $412.73 on Friday. The firm has a market cap of $12.39 billion, a PE ratio of 42.99, a price-to-earnings-growth ratio of 0.94 and a beta of 1.46. The firm’s fifty day moving average is $389.47 and its 200-day moving average is $369.82. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.61 and a current ratio of 2.74. Dycom Industries, Inc. has a 52 week low of $220.60 and a 52 week high of $464.82.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Wednesday, March 4th. The construction company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.12. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.34 billion. Dycom Industries had a net margin of 5.07% and a return on equity of 21.77%. Dycom Industries’s revenue was up 34.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.17 earnings per share. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. Sell-side analysts predict that Dycom Industries, Inc. will post 12.89 earnings per share for the current year.

Dycom Industries Company Profile

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.