Contravisory Investment Management Inc. Boosts Holdings in Dycom Industries, Inc. $DY

Key Points

• Contravisory Investment Management increased its Dycom Industries stake by 39,655.6% in the second quarter, ending with 17,890 shares worth approximately $9.05 million. Institutional investors collectively own 98.33% of Dycom.
• Dycom reported quarterly EPS of $4.42, surpassing expectations of $2.73, while revenue rose 56.1% year over year to $1.96 billion. The company posted a 4.98% net margin and 24.13% return on equity.
• Analysts maintain a broadly positive view, with a consensus “Buy” rating and an average price target of $554.92, despite the stock recently opening at $408.11.

Contravisory Investment Management Inc. raised its stake in Dycom Industries, Inc. (NYSE:DY - Free Report) by 39,655.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,890 shares of the construction company's stock after purchasing an additional 17,845 shares during the quarter. Dycom Industries comprises approximately 1.6% of Contravisory Investment Management Inc.'s holdings, making the stock its 26th biggest holding. Contravisory Investment Management Inc. owned approximately 0.06% of Dycom Industries worth $9,045,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Sound Income Strategies LLC acquired a new stake in Dycom Industries in the 4th quarter valued at $32,000. Kemnay Advisory Services Inc. acquired a new position in shares of Dycom Industries during the fourth quarter worth about $30,000. Harbor Investment Advisory LLC purchased a new stake in shares of Dycom Industries in the second quarter worth about $52,000. Acumen Wealth Advisors LLC acquired a new stake in shares of Dycom Industries in the fourth quarter valued at about $35,000. Finally, Legacy Wealth Managment LLC ID purchased a new stake in shares of Dycom Industries during the 4th quarter valued at about $39,000. 98.33% of the stock is owned by hedge funds and other institutional investors.

Dycom Industries Stock Up 0.0%

DY stock opened at $408.11 on Monday. Dycom Industries, Inc. has a 52 week low of $233.00 and a 52 week high of $566.47. The company has a market capitalization of $12.26 billion, a price-to-earnings ratio of 38.83, a price-to-earnings-growth ratio of 0.72 and a beta of 1.54. The firm's 50-day moving average is $443.82 and its two-hundred day moving average is $413.16. 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 (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, beating 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 analysts' expectations of $1.67 billion. During the same period last year, the firm posted $2.09 earnings per share. The business's revenue was up 56.1% on a year-over-year basis. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. On average, analysts forecast that Dycom Industries, Inc. will post 15.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DY has been the topic of a number of analyst reports. Wall Street Zen lowered shares of Dycom Industries from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 25th. Weiss Ratings lowered shares of Dycom Industries from a "buy (b)" rating to a "buy (b-)" rating in a research note on Wednesday, July 29th. KeyCorp boosted their target price on shares of Dycom Industries from $482.00 to $610.00 and gave the stock an "overweight" rating in a research report on Monday, June 1st. Wedbush set a $654.00 price target on shares of Dycom Industries in a research report on Friday, May 29th. Finally, JPMorgan Chase & Co. lifted their price target on Dycom Industries from $415.00 to $650.00 and gave the stock an "overweight" rating in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $554.92.

Dycom Industries Company Profile

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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