Quantinno Capital Management LP Acquires 6,574 Shares of Dycom Industries, Inc. $DY

Key Points

• Quantinno Capital Management increased its Dycom Industries stake by 192.9% in the first quarter, purchasing 6,574 additional shares and bringing its holdings to 9,982 shares valued at approximately $3.38 million. Institutional investors collectively own 98.33% of the company.
• Dycom reported quarterly EPS of $4.42, exceeding estimates of $2.73, while revenue rose 56.1% year over year to $1.96 billion. The company provided second-quarter EPS guidance of $4.40–$4.82.
• Analyst sentiment remains positive, with a consensus “Buy” rating and an average price target of $554.92, although some firms recently downgraded their ratings to “Hold” or lowered their buy ratings.

Quantinno Capital Management LP grew its holdings in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) by 192.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,982 shares of the construction company's stock after buying an additional 6,574 shares during the period. Quantinno Capital Management LP's holdings in Dycom Industries were worth $3,382,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kemnay Advisory Services Inc. bought a new stake in Dycom Industries in the fourth quarter valued at $30,000. Sound Income Strategies LLC bought a new position in Dycom Industries in the 4th quarter worth $32,000. Acumen Wealth Advisors LLC bought a new position in Dycom Industries in the 4th quarter worth $35,000. Legacy Wealth Managment LLC ID purchased a new stake in shares of Dycom Industries in the 4th quarter worth about $39,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Dycom Industries by 73.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company's stock worth $39,000 after purchasing an additional 68 shares during the period. Institutional investors own 98.33% of the company's stock.

Dycom Industries Stock Up 2.1%

Shares of Dycom Industries stock opened at $408.11 on Friday. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.58 and a quick ratio of 2.46. The company has a 50-day moving average of $443.82 and a 200 day moving average of $412.87. The firm has a market cap of $12.26 billion, a price-to-earnings ratio of 38.83, a PEG ratio of 0.72 and a beta of 1.54. Dycom Industries, Inc. has a 1 year low of $233.00 and a 1 year high of $566.47.

Dycom Industries (NYSE:DY - Get Free Report) last issued 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 company had revenue of $1.96 billion during 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%. Dycom Industries's revenue was up 56.1% on a year-over-year basis. During the same period last year, the company posted $2.09 EPS. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. As a group, sell-side analysts anticipate that Dycom Industries, Inc. will post 15.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DY. Weiss Ratings cut shares of Dycom Industries from a "buy (b)" rating to a "buy (b-)" rating in a research report on Wednesday, July 29th. Zacks Research cut Dycom Industries from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. JPMorgan Chase & Co. upped their target price on Dycom Industries from $415.00 to $650.00 and gave the stock an "overweight" rating in a report on Thursday, May 28th. Guggenheim increased their target price on Dycom Industries from $575.00 to $620.00 and gave the stock a "buy" rating in a research report on Thursday, May 28th. Finally, Cantor Fitzgerald increased their target price on Dycom Industries from $436.00 to $654.00 and gave the stock an "overweight" rating in a research report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $554.92.

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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