Bayforest Capital Ltd Acquires Shares of 916 Dycom Industries, Inc. $DY

Bayforest Capital Ltd acquired a new stake in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 916 shares of the construction company's stock, valued at approximately $224,000.

Other hedge funds have also recently made changes to their positions in the company. AlphaQuest LLC bought a new position in shares of Dycom Industries in the first quarter worth about $37,000. Federated Hermes Inc. grew its holdings in shares of 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 purchasing an additional 105 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of Dycom Industries by 370.5% in the first quarter. Caitong International Asset Management Co. Ltd now owns 607 shares of the construction company's stock worth $92,000 after purchasing an additional 478 shares during the last quarter. Archer Investment Corp bought a new position in shares of Dycom Industries in the first quarter worth about $99,000. Finally, CWM LLC grew its holdings in shares of Dycom Industries by 40.7% in the first quarter. CWM LLC now owns 785 shares of the construction company's stock worth $120,000 after purchasing an additional 227 shares during the last quarter. 98.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on DY shares. UBS Group upped their price target on shares of Dycom Industries from $296.00 to $336.00 and gave the stock a "buy" rating in a report on Monday. Weiss Ratings restated a "buy (b)" rating on shares of Dycom Industries in a report on Wednesday, October 8th. Wells Fargo & Company upped their price target on shares of Dycom Industries from $295.00 to $305.00 and gave the stock an "overweight" rating in a report on Friday, September 26th. DA Davidson increased their target price on shares of Dycom Industries from $265.00 to $300.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. Finally, Bank of America increased their target price on shares of Dycom Industries from $299.00 to $310.00 and gave the stock a "buy" rating in a report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, Dycom Industries has an average rating of "Buy" and a consensus price target of $298.25.

Dycom Industries Stock Down 1.2%

Shares of Dycom Industries stock opened at $295.33 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.16 and a quick ratio of 2.96. Dycom Industries, Inc. has a 1 year low of $131.37 and a 1 year high of $301.88. The firm's 50-day moving average is $271.25 and its two-hundred day moving average is $233.79. The stock has a market cap of $8.55 billion, a price-to-earnings ratio of 33.18, a PEG ratio of 1.43 and a beta of 1.15.

Dycom Industries (NYSE:DY - Get Free Report) last issued its earnings results on Wednesday, August 20th. The construction company reported $3.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.41. Dycom Industries had a net margin of 5.23% and a return on equity of 21.17%. The company had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.41 billion. During the same period in the prior year, the business earned $2.46 EPS. The firm's quarterly revenue was up 14.5% on a year-over-year basis. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. As a group, research analysts expect that Dycom Industries, Inc. will post 7.13 earnings per share for the current fiscal year.

About Dycom Industries

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.

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