Lisanti Capital Growth LLC Acquires New Shares in Dycom Industries, Inc. $DY

Key Points

• Lisanti Capital Growth LLC acquired 14,170 Dycom Industries shares in the second quarter, valued at approximately $7.16 million and representing 1.6% of its portfolio. Institutional investors collectively own 98.33% of Dycom’s stock.
• Dycom reported strong quarterly results, with EPS of $4.42 versus $2.73 expected and revenue of $1.96 billion versus $1.67 billion forecast; revenue rose 56.1% year over year.
• Shares opened at $402.27, down 3.0%, while analysts maintained an overall “Buy” rating with an average price target of $554.92, despite one recent downgrade to “Hold.”

Lisanti Capital Growth LLC acquired a new position in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 14,170 shares of the construction company's stock, valued at approximately $7,164,000. Dycom Industries comprises about 1.6% of Lisanti Capital Growth LLC's investment portfolio, making the stock its 11th biggest position.

A number of other institutional investors also recently bought and sold shares of the company. &PARTNERS grew its holdings in Dycom Industries by 2.5% during the 4th quarter. &PARTNERS now owns 1,053 shares of the construction company's stock valued at $356,000 after buying an additional 26 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Dycom Industries by 17.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the construction company's stock worth $69,000 after acquiring an additional 30 shares during the last quarter. Legacy Wealth Managment LLC ID raised its holdings in shares of Dycom Industries by 30.4% in the first quarter. Legacy Wealth Managment LLC ID now owns 150 shares of the construction company's stock worth $51,000 after acquiring an additional 35 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of Dycom Industries by 1.7% in the fourth quarter. Osaic Holdings Inc. now owns 2,062 shares of the construction company's stock valued at $697,000 after acquiring an additional 35 shares in the last quarter. Finally, CWM LLC lifted its position in shares of Dycom Industries by 1.9% in the fourth quarter. CWM LLC now owns 1,956 shares of the construction company's stock valued at $661,000 after acquiring an additional 36 shares in the last quarter. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

Dycom Industries Stock Down 3.0%

Shares of NYSE:DY opened at $402.27 on Thursday. The company has a current ratio of 2.58, a quick ratio of 2.46 and a debt-to-equity ratio of 1.48. The firm has a market cap of $12.08 billion, a price-to-earnings ratio of 38.27, a PEG ratio of 0.73 and a beta of 1.54. The stock's 50-day moving average price is $434.11 and its two-hundred day moving average price is $415.46. Dycom Industries, Inc. has a 12-month low of $233.00 and a 12-month high of $566.47.

Dycom Industries (NYSE:DY - Get Free Report) last posted its quarterly earnings data on Wednesday, May 27th. The construction company reported $4.42 EPS for the quarter, beating analysts' consensus estimates of $2.73 by $1.69. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.67 billion. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The company's quarterly revenue was up 56.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.09 EPS. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. On average, research analysts forecast that Dycom Industries, Inc. will post 15.45 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Zacks Research downgraded shares of Dycom Industries from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. Cantor Fitzgerald raised their price target on shares of Dycom Industries from $436.00 to $654.00 and gave the stock an "overweight" rating in a research note on Friday, May 29th. UBS Group reiterated a "buy" rating on shares of Dycom Industries in a report on Friday, July 24th. Wedbush set a $654.00 price objective on shares of Dycom Industries in a research report on Friday, May 29th. Finally, KeyCorp upped their price objective on shares of Dycom Industries from $482.00 to $610.00 and gave the company an "overweight" rating in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $554.92.

Dycom Industries 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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