Petrus Trust Company LTA Purchases Shares of 1,784 Dycom Industries, Inc. $DY

Key Points

• Petrus Trust Company LTA has invested approximately $272,000 in Dycom Industries, acquiring 1,784 shares during the first quarter of the year.
• Dycom Industries reported strong earnings with an EPS of $3.33 for the last quarter, surpassing estimates, and experienced a 14.5% year-over-year revenue increase.
• Analysts are optimistic about Dycom Industries, with multiple firms raising their price targets, resulting in an average target price of $289.43 and a consensus rating of "Buy".

Petrus Trust Company LTA bought a new stake in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,784 shares of the construction company's stock, valued at approximately $272,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Versant Capital Management Inc purchased a new position in Dycom Industries during the 1st quarter valued at about $28,000. AlphaQuest LLC purchased a new position in Dycom Industries during the 1st quarter valued at about $37,000. Federated Hermes Inc. grew its stake in 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 in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in 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 valued at $92,000 after acquiring an additional 478 shares in the last quarter. Finally, Archer Investment Corp purchased a new position in Dycom Industries during the 1st quarter valued at about $99,000. Hedge funds and other institutional investors own 98.33% of the company's stock.

Dycom Industries Stock Performance

Dycom Industries stock traded down $0.39 during trading hours on Friday, reaching $258.44. 276,540 shares of the company were exchanged, compared to its average volume of 450,725. The firm has a market cap of $7.48 billion, a price-to-earnings ratio of 29.04, a PEG ratio of 1.24 and a beta of 1.18. The company has a current ratio of 3.16, a quick ratio of 2.96 and a debt-to-equity ratio of 0.74. The stock has a 50-day moving average of $260.17 and a 200 day moving average of $213.20. 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 announced its earnings results on Wednesday, August 20th. The construction company reported $3.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.92 by $0.41. Dycom Industries had a return on equity of 21.17% and a net margin of 5.23%.The firm had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.41 billion. During the same quarter in the prior year, the business earned $2.46 earnings per share. The company's revenue was up 14.5% on a year-over-year basis. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. As a group, research analysts anticipate that Dycom Industries, Inc. will post 7.13 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on DY. Wells Fargo & Company lifted their target price on Dycom Industries from $250.00 to $295.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. JPMorgan Chase & Co. boosted their price target on Dycom Industries from $250.00 to $275.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. KeyCorp boosted their price target on Dycom Industries from $255.00 to $295.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Zacks Research raised Dycom Industries to a "hold" rating in a research note on Monday, August 11th. Finally, Wall Street Zen raised Dycom Industries from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target 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.