141,866 Shares in Dycom Industries, Inc. $DY Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership purchased a new stake in shares of Dycom Industries, Inc. (NYSE:DY) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 141,866 shares of the construction company’s stock, valued at approximately $34,671,000. Arrowstreet Capital Limited Partnership owned approximately 0.49% of Dycom Industries at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. AlphaQuest LLC bought a new stake in shares of Dycom Industries during the 1st quarter valued at $37,000. Federated Hermes Inc. increased its stake in Dycom Industries by 27.1% in the 1st quarter. Federated Hermes Inc. now owns 492 shares of the construction company’s stock worth $75,000 after buying an additional 105 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in Dycom Industries by 370.5% during the first 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 during the period. Archer Investment Corp lifted its position in shares of Dycom Industries by 6.2% in the second quarter. Archer Investment Corp now owns 690 shares of the construction company’s stock valued at $169,000 after acquiring an additional 40 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Dycom Industries by 83.1% in the second quarter. GAMMA Investing LLC now owns 705 shares of the construction company’s stock worth $172,000 after acquiring an additional 320 shares during the period. 98.33% of the stock is currently owned by institutional investors.

Dycom Industries Trading Down 0.7%

Shares of NYSE DY opened at $351.81 on Friday. Dycom Industries, Inc. has a 1-year low of $131.37 and a 1-year high of $364.40. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.09 and a quick ratio of 2.90. The business’s 50 day moving average is $304.40 and its two-hundred day moving average is $270.16. The stock has a market capitalization of $10.19 billion, a P/E ratio of 34.63, a PEG ratio of 1.85 and a beta of 1.36.

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

Analyst Ratings Changes

DY has been the topic of several recent analyst reports. Zacks Research raised Dycom Industries from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. KeyCorp increased their price objective on shares of Dycom Industries from $320.00 to $392.00 and gave the company an “overweight” rating in a report on Friday, November 21st. UBS Group lifted their price objective on shares of Dycom Industries from $336.00 to $373.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. DA Davidson upped their target price on shares of Dycom Industries from $300.00 to $390.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Finally, Bank of America lifted their price target on shares of Dycom Industries from $310.00 to $365.00 and gave the company a “buy” rating in a report on Friday, November 21st. Two investment analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. According to data from MarketBeat, Dycom Industries presently has a consensus rating of “Buy” and an average price target of $371.25.

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.