Aristeia Capital L.L.C. Buys Shares of 3,041 Dycom Industries, Inc. $DY

Key Points

• Aristeia Capital L.L.C. invested approximately $463,000 in Dycom Industries, Inc., purchasing 3,041 shares during Q1.
• Dycom Industries reported a 14.5% increase in revenue year-over-year for the quarter, with $3.33 EPS beating estimates by $0.41 but falling short on revenue expectations.
• Several analysts have raised their price targets for Dycom Industries, with recommendations varying from "buy" to "overweight," reflecting positive sentiment about the stock's potential.

Aristeia Capital L.L.C. acquired a new stake in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 3,041 shares of the construction company's stock, valued at approximately $463,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. KBC Group NV boosted its position in shares of Dycom Industries by 18.9% during the 1st quarter. KBC Group NV now owns 1,443 shares of the construction company's stock valued at $220,000 after acquiring an additional 229 shares during the last quarter. SG Americas Securities LLC bought a new stake in Dycom Industries in the first quarter worth $342,000. Public Employees Retirement System of Ohio lifted its position in Dycom Industries by 105.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 1,114 shares of the construction company's stock worth $194,000 after buying an additional 572 shares during the last quarter. J. Goldman & Co LP lifted its position in Dycom Industries by 25.4% in the fourth quarter. J. Goldman & Co LP now owns 90,253 shares of the construction company's stock worth $15,709,000 after buying an additional 18,289 shares during the last quarter. Finally, Federated Hermes Inc. lifted its position in Dycom Industries by 27.1% in the first quarter. Federated Hermes Inc. now owns 492 shares of the construction company's stock worth $75,000 after buying an additional 105 shares during the last quarter. 98.33% of the stock is currently owned by institutional investors.

Dycom Industries Stock Down 0.2%

Shares of Dycom Industries stock traded down $0.39 during trading on Friday, hitting $258.44. 276,540 shares of the stock traded hands, compared to its average volume of 463,111. The firm has a market cap of $7.48 billion, a P/E ratio of 29.04, a price-to-earnings-growth ratio of 1.25 and a beta of 1.18. The company has a current ratio of 3.16, a quick ratio of 2.96 and a debt-to-equity ratio of 0.74. Dycom Industries, Inc. has a 52-week low of $131.37 and a 52-week high of $285.64. The stock's fifty day simple moving average is $260.17 and its 200 day simple moving average is $212.49.

Dycom Industries (NYSE:DY - Get Free Report) last announced its quarterly earnings results on Wednesday, August 20th. The construction company reported $3.33 EPS for the quarter, beating the consensus estimate of $2.92 by $0.41. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.41 billion. Dycom Industries had a return on equity of 21.17% and a net margin of 5.23%.The business's revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last 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, equities analysts predict that Dycom Industries, Inc. will post 7.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DY. DA Davidson raised their price target on Dycom Industries from $265.00 to $300.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Wall Street Zen upgraded Dycom Industries from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. KeyCorp raised their price target on Dycom Industries from $255.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Raymond James Financial raised their price target on Dycom Industries from $290.00 to $300.00 and gave the stock a "strong-buy" rating in a research report on Thursday, August 21st. Finally, Zacks Research upgraded Dycom Industries to a "hold" rating in a research note on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $289.43.

Dycom Industries Company 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.