Counterpoint Mutual Funds LLC Makes New $1.93 Million Investment in Dycom Industries, Inc. $DY

Key Points

• Counterpoint Mutual Funds LLC has made a new investment of approximately $1.93 million in Dycom Industries, purchasing 7,882 shares of the company.
• Dycom Industries reported $3.33 earnings per share (EPS) for the last quarter, surpassing analyst expectations of $2.92, and recorded a revenue of $1.38 billion.
• Several analysts have upgraded Dycom Industries' stock rating recently, with price targets increased to as high as $296.00, reflecting a positive outlook for the company's growth.

Counterpoint Mutual Funds LLC bought a new position in Dycom Industries, Inc. (NYSE:DY - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,882 shares of the construction company's stock, valued at approximately $1,926,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc acquired a new position in shares of Dycom Industries in the first quarter worth about $28,000. AlphaQuest LLC acquired a new position in shares of Dycom Industries in the first quarter worth about $37,000. Federated Hermes Inc. boosted 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 buying an additional 105 shares during the period. Caitong International Asset Management Co. Ltd boosted 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 buying an additional 478 shares during the period. Finally, Archer Investment Corp acquired a new position in shares of Dycom Industries in the first quarter worth about $99,000. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Dycom Industries Price Performance

NYSE DY opened at $281.77 on Tuesday. The company has a quick ratio of 2.96, a current ratio of 3.16 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $8.16 billion, a PE ratio of 31.66, a price-to-earnings-growth ratio of 1.29 and a beta of 1.18. The company has a 50 day moving average price of $261.80 and a two-hundred day moving average price of $217.93. Dycom Industries, Inc. has a 12-month low of $131.37 and a 12-month high of $285.64.

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

Analyst Upgrades and Downgrades

DY has been the subject of several recent analyst reports. Zacks Research upgraded shares of Dycom Industries to a "hold" rating in a report on Monday, August 11th. Wells Fargo & Company increased their price target on shares of Dycom Industries from $250.00 to $295.00 and gave the stock an "overweight" rating in a research report on Monday, August 18th. Wall Street Zen raised shares of Dycom Industries from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. UBS Group increased their price target on shares of Dycom Industries from $288.00 to $296.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Finally, JPMorgan Chase & Co. increased their price target on shares of Dycom Industries from $250.00 to $275.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently 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.

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