Intech Investment Management LLC Purchases 21,871 Shares of Dycom Industries, Inc. $DY

Key Points

• Intech Investment Management LLC significantly increased its stake in Dycom Industries by 163.4% during the first quarter, now owning 35,257 shares valued at approximately $5.37 million.
• Dycom Industries reported $3.33 earnings per share for the latest quarter, exceeding analysts' expectations of $2.92, with a revenue increase of 14.5% year-over-year.
• Multiple brokerages have raised their price targets for Dycom Industries, with Wells Fargo setting a new target at $295.00 and UBS Group at $296.00, highlighting strong investor confidence.

Intech Investment Management LLC boosted its position in Dycom Industries, Inc. (NYSE:DY - Free Report) by 163.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,257 shares of the construction company's stock after buying an additional 21,871 shares during the period. Intech Investment Management LLC owned approximately 0.12% of Dycom Industries worth $5,371,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DY. Versant Capital Management Inc purchased a new stake in shares of Dycom Industries during the 1st quarter worth $28,000. AlphaQuest LLC acquired a new position in shares of Dycom Industries during the 1st quarter valued at about $37,000. Federated Hermes Inc. increased its stake in shares of Dycom Industries by 27.1% during the 1st quarter. Federated Hermes Inc. now owns 492 shares of the construction company's stock valued at $75,000 after acquiring 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% during the 1st 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 period. Finally, Archer Investment Corp purchased a new position in Dycom Industries in the 1st quarter worth approximately $99,000. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DY. Wells Fargo & Company raised their price objective on Dycom Industries from $250.00 to $295.00 and gave the stock an "overweight" rating in a research note on Monday, August 18th. JPMorgan Chase & Co. raised their target price on Dycom Industries from $250.00 to $275.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. DA Davidson increased their price target on Dycom Industries from $265.00 to $300.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. KeyCorp raised their price objective on Dycom Industries from $255.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Finally, Wall Street Zen raised Dycom Industries from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. One equities 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.com, Dycom Industries presently has a consensus rating of "Buy" and an average price target of $289.43.

Dycom Industries Trading Up 4.1%

NYSE:DY traded up $10.37 during mid-day trading on Wednesday, hitting $263.45. The company had a trading volume of 177,211 shares, compared to its average volume of 434,308. Dycom Industries, Inc. has a fifty-two week low of $131.37 and a fifty-two week high of $285.64. The business's fifty day moving average is $260.30 and its two-hundred day moving average is $214.11. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.96 and a current ratio of 3.16. The firm has a market cap of $7.63 billion, a P/E ratio of 29.71, a P/E/G ratio of 1.23 and a beta of 1.18.

Dycom Industries (NYSE:DY - Get Free Report) last released its quarterly earnings results on Wednesday, August 20th. The construction company reported $3.33 EPS for the quarter, topping analysts' consensus estimates of $2.92 by $0.41. The company 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%.Dycom Industries's revenue was up 14.5% compared to the same quarter last year. 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. As a group, research analysts expect that Dycom Industries, Inc. will post 7.13 earnings per share for the current 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.