Forum Financial Management LP Invests $245,000 in Dycom Industries, Inc. $DY

Forum Financial Management LP acquired a new position in shares of Dycom Industries, Inc. (NYSE:DY) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,003 shares of the construction company’s stock, valued at approximately $245,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AlphaQuest LLC bought a new position in shares of Dycom Industries during the 1st quarter worth about $37,000. Federated Hermes Inc. increased its holdings in shares of Dycom Industries by 27.1% during 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 during the period. Caitong International Asset Management Co. Ltd boosted its position in shares of 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 valued at $92,000 after acquiring an additional 478 shares in the last quarter. Archer Investment Corp acquired a new stake in shares of Dycom Industries during the 1st quarter valued at about $99,000. Finally, GAMMA Investing LLC boosted its position in shares of 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 acquiring an additional 320 shares in the last quarter. Institutional investors own 98.33% of the company’s stock.

Dycom Industries Trading Down 2.8%

DY opened at $283.66 on Tuesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.16 and a quick ratio of 2.96. The company has a market cap of $8.21 billion, a price-to-earnings ratio of 31.87, a price-to-earnings-growth ratio of 1.39 and a beta of 1.15. The firm has a 50 day simple moving average of $273.29 and a 200 day simple moving average of $241.87. Dycom Industries, Inc. has a fifty-two week low of $131.37 and a fifty-two week high of $301.88.

Dycom Industries (NYSE:DY) last posted its quarterly earnings results on Wednesday, August 20th. The construction company reported $3.33 earnings per share for the quarter, topping analysts’ consensus estimates of $2.92 by $0.41. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.41 billion. Dycom Industries had a net margin of 5.23% and a return on equity of 21.17%. Dycom Industries’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.46 earnings per share. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. On average, sell-side analysts anticipate that Dycom Industries, Inc. will post 7.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DY. Bank of America lifted their target price on shares of Dycom Industries from $299.00 to $310.00 and gave the company a “buy” rating in a research report on Monday, September 29th. DA Davidson lifted their target price on shares of Dycom Industries from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. Raymond James Financial lifted their target price on shares of Dycom Industries from $290.00 to $300.00 and gave the company a “strong-buy” rating in a research report on Thursday, August 21st. Wells Fargo & Company boosted their price target on shares of Dycom Industries from $295.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, September 26th. Finally, KeyCorp boosted their price target on shares of Dycom Industries from $306.00 to $320.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $301.38.

Dycom Industries 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.