Thrivent Financial for Lutherans Sells 14,347 Shares of Dycom Industries, Inc. $DY

Thrivent Financial for Lutherans lowered its position in Dycom Industries, Inc. (NYSE:DY) by 66.7% during the 4th quarter, Holdings Channel reports. The fund owned 7,177 shares of the construction company’s stock after selling 14,347 shares during the period. Thrivent Financial for Lutherans’ holdings in Dycom Industries were worth $2,425,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Dycom Industries from $395.00 to $415.00 and gave the stock an “overweight” rating in a report on Thursday, March 5th. Zacks Research upgraded Dycom Industries from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. KeyCorp increased their price objective on Dycom Industries from $426.00 to $482.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. Weiss Ratings downgraded Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Finally, Bank of America increased their price objective on Dycom Industries from $365.00 to $475.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $431.64.

Dycom Industries Stock Performance

Shares of Dycom Industries stock opened at $412.73 on Tuesday. The company 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. Dycom Industries, Inc. has a 52 week low of $220.60 and a 52 week high of $464.82. The business has a 50 day moving average price of $390.59 and a 200-day moving average price of $371.33. The company has a quick ratio of 2.61, a current ratio of 2.74 and a debt-to-equity ratio of 1.51.

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

About Dycom Industries

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.