Quantbot Technologies LP Takes $3.45 Million Position in Dycom Industries, Inc. $DY

Quantbot Technologies LP purchased a new stake in shares of Dycom Industries, Inc. (NYSE:DY – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 6,820 shares of the construction company’s stock, valued at approximately $3,448,000.

A number of other hedge funds have also recently added to or reduced their stakes in DY. Kemnay Advisory Services Inc. bought a new position in Dycom Industries during the fourth quarter valued at approximately $30,000. Allworth Financial LP bought a new stake in Dycom Industries in the second quarter worth approximately $35,000. Acumen Wealth Advisors LLC bought a new stake in Dycom Industries in the fourth quarter worth approximately $35,000. Legacy Wealth Managment LLC ID acquired a new position in shares of Dycom Industries during the 4th quarter worth $39,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Dycom Industries by 73.1% during the 2nd 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. Institutional investors and hedge funds own 98.33% of the company’s stock.

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Dycom Industries Price Performance

Shares of Dycom Industries stock opened at $393.24 on Monday. The firm has a fifty day simple moving average of $431.31 and a 200-day simple moving average of $415.79. The company has a current ratio of 2.58, a quick ratio of 2.46 and a debt-to-equity ratio of 1.48. Dycom Industries, Inc. has a 1-year low of $242.55 and a 1-year high of $566.47. The stock has a market capitalization of $11.81 billion, a price-to-earnings ratio of 37.42, a PEG ratio of 0.69 and a beta of 1.54.

Dycom Industries (NYSE:DY – Get Free Report) last posted its quarterly earnings data on Wednesday, May 27th. The construction company reported $4.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.73 by $1.69. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the prior year, the firm earned $2.09 EPS. Dycom Industries’s quarterly revenue was up 56.1% compared to the same quarter last year. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. On average, sell-side analysts expect that Dycom Industries, Inc. will post 15.45 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on DY shares. KeyCorp raised their price target on shares of Dycom Industries from $482.00 to $610.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Wedbush set a $654.00 target price on shares of Dycom Industries in a research report on Friday, May 29th. B. Riley Financial raised their target price on Dycom Industries from $485.00 to $625.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Guggenheim boosted their price target on Dycom Industries from $575.00 to $620.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Finally, Wall Street Zen downgraded Dycom Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Eleven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Dycom Industries has an average rating of “Moderate Buy” and an average price target of $578.09.

Read Our Latest Report on DY

Dycom Industries Company Profile

(Free Report)

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.

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