Quantbot Technologies LP Invests $3.45 Million in Dycom Industries, Inc. $DY

Key Points

• Quantbot Technologies acquired 6,820 Dycom Industries shares worth approximately $3.45 million in the second quarter. Institutional investors and hedge funds collectively own 98.33% of the company.
• Dycom reported quarterly EPS of $4.42, exceeding the $2.73 consensus estimate, while revenue rose 56.1% year over year to $1.96 billion. Analysts expect full-year EPS of $15.45.
• Wall Street sentiment remains positive, with 11 analysts rating the stock a Buy and one issuing a Hold; the average price target is $578.09, compared with a recent share price of $393.24.

Quantbot Technologies LP purchased a new stake in Dycom Industries, Inc. (NYSE:DY - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 6,820 shares of the construction company's stock, valued at approximately $3,448,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Northwestern Mutual Wealth Management Co. raised its holdings in Dycom Industries by 265,593,055.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 23,903,384 shares of the construction company's stock worth $8,076,953,000 after buying an additional 23,903,375 shares during the period. Peconic Partners LLC boosted its holdings in shares of Dycom Industries by 2.8% in the second quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company's stock worth $933,038,000 after buying an additional 105,586 shares during the period. BlackRock Inc. acquired a new position in shares of Dycom Industries in the second quarter worth about $1,513,523,000. First Trust Advisors LP increased its position in shares of Dycom Industries by 27.8% in the first 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 in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Dycom Industries by 8.0% in the fourth quarter. Geode Capital Management LLC now owns 727,238 shares of the construction company's stock worth $245,771,000 after acquiring an additional 53,993 shares in the last quarter. Institutional investors and hedge funds own 98.33% of the company's stock.

Dycom Industries Stock Performance

DY stock opened at $393.24 on Monday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.46 and a current ratio of 2.58. The stock has a market cap of $11.81 billion, a P/E ratio of 37.42, a P/E/G ratio of 0.69 and a beta of 1.54. The firm has a 50 day simple moving average of $431.31 and a 200 day simple moving average of $415.79. Dycom Industries, Inc. has a 52 week low of $242.55 and a 52 week high of $566.47.

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

Wall Street Analyst Weigh In

DY has been the subject of several research analyst reports. Cantor Fitzgerald upped their price target on shares of Dycom Industries from $436.00 to $654.00 and gave the company an "overweight" rating in a research report on Friday, May 29th. Zacks Research cut shares of Dycom Industries from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. Weiss Ratings raised shares of Dycom Industries from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, August 13th. KeyCorp increased their target price on Dycom Industries from $482.00 to $610.00 and gave the company an "overweight" rating in a report on Monday, June 1st. Finally, UBS Group restated a "buy" rating on shares of Dycom Industries in a report on Friday, July 24th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $578.09.

Dycom Industries Company 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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