Empowered Funds LLC Increases Stock Holdings in Dycom Industries, Inc. $DY

Key Points

• Empowered Funds LLC increased its Dycom Industries stake by 2,010% in the first quarter, ending with 23,189 shares valued at approximately $7.86 million. Institutional investors and hedge funds collectively own 98.33% of the company.
• Dycom reported quarterly EPS of $4.42, beating estimates of $2.73, while revenue rose 56.1% year over year to $1.96 billion. The company provided second-quarter fiscal 2027 EPS guidance of $4.40–$4.82.
• Analysts remain broadly positive, with the stock carrying a consensus “Buy” rating and an average price target of $554.92, despite some recent downgrades from “strong buy” to “buy” or “hold.”

Empowered Funds LLC raised its holdings in Dycom Industries, Inc. (NYSE:DY - Free Report) by 2,010.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,189 shares of the construction company's stock after buying an additional 22,090 shares during the quarter. Empowered Funds LLC owned about 0.08% of Dycom Industries worth $7,857,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DY. Northwestern Mutual Wealth Management Co. grew its stake in shares of Dycom Industries by 265,593,055.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 23,903,384 shares of the construction company's stock worth $8,076,953,000 after acquiring an additional 23,903,375 shares during the last quarter. First Trust Advisors LP raised its stake in Dycom Industries by 27.8% in the 1st quarter. First Trust Advisors LP now owns 798,699 shares of the construction company's stock worth $270,615,000 after acquiring an additional 173,528 shares during the last quarter. Alyeska Investment Group L.P. purchased a new position in Dycom Industries in the 3rd quarter worth $44,553,000. Price T Rowe Associates Inc. MD lifted its position in Dycom Industries by 24.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 558,519 shares of the construction company's stock worth $188,725,000 after acquiring an additional 110,065 shares during the period. Finally, Peconic Partners LLC boosted its position in Dycom Industries by 2.8% in the second quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company's stock valued at $933,038,000 after buying an additional 105,586 shares during the last quarter. Institutional investors and hedge funds own 98.33% of the company's stock.

Dycom Industries Price Performance

NYSE:DY opened at $419.45 on Friday. The company has a quick ratio of 2.46, a current ratio of 2.58 and a debt-to-equity ratio of 1.48. Dycom Industries, Inc. has a 52 week low of $233.00 and a 52 week high of $566.47. The stock's 50-day moving average price is $436.29 and its 200-day moving average price is $414.17. The stock has a market capitalization of $12.60 billion, a PE ratio of 39.91, a price-to-earnings-growth ratio of 0.74 and a beta of 1.54.

Dycom Industries (NYSE:DY - Get Free Report) last released its quarterly earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.73 by $1.69. The firm had revenue of $1.96 billion for the quarter, compared to analysts' expectations of $1.67 billion. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The firm's revenue for the quarter was up 56.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.09 EPS. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. As a group, equities analysts expect that Dycom Industries, Inc. will post 15.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DY has been the topic of several recent research reports. Cantor Fitzgerald upped their price objective on shares of Dycom Industries from $436.00 to $654.00 and gave the company an "overweight" rating in a report on Friday, May 29th. Zacks Research downgraded shares of Dycom Industries from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. Guggenheim upped their price target on shares of Dycom Industries from $575.00 to $620.00 and gave the company a "buy" rating in a report on Thursday, May 28th. B. Riley Financial increased their price target on Dycom Industries from $485.00 to $625.00 and gave the stock a "buy" rating in a research report on Thursday, May 28th. Finally, Wall Street Zen lowered Dycom Industries from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 25th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $554.92.

About Dycom Industries

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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