Susquehanna Fundamental Investments LLC Acquires 4,593 Shares of Dycom Industries, Inc. $DY

Key Points

• Susquehanna Fundamental Investments increased its Dycom Industries stake by 70.9% in the second quarter, purchasing 4,593 additional shares for a total holding valued at approximately $5.6 million. Institutional investors collectively own 98.33% of the company.
• Analysts remain broadly positive, with 11 Buy ratings and one Hold rating, though several firms recently lowered their price targets. The consensus target is $514, compared with the stock’s recent opening price of $290.21.
• Dycom reported quarterly EPS of $5.29, beating estimates, while revenue rose 45.6% year over year to $2.01 billion. The company also authorized a $150 million share repurchase plan, covering up to 1.4% of outstanding shares.

Susquehanna Fundamental Investments LLC increased its holdings in Dycom Industries, Inc. (NYSE:DY - Free Report) by 70.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,072 shares of the construction company's stock after purchasing an additional 4,593 shares during the period. Susquehanna Fundamental Investments LLC's holdings in Dycom Industries were worth $5,598,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. boosted its position in 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 valued at $8,076,953,000 after buying an additional 23,903,375 shares during the period. Peconic Partners LLC increased 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. bought a new stake in shares of Dycom Industries in the 2nd quarter valued at about $1,513,523,000. Hill City Capital LP bought a new stake in shares of Dycom Industries in the 2nd quarter valued at about $510,536,693. Finally, First Trust Advisors LP boosted its holdings in Dycom Industries by 27.8% during the 1st quarter. First Trust Advisors LP now owns 798,699 shares of the construction company's stock valued at $270,615,000 after acquiring an additional 173,528 shares during the period. Institutional investors own 98.33% of the company's stock.

Analysts Set New Price Targets

DY has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their price target on Dycom Industries from $650.00 to $570.00 and set an "overweight" rating on the stock in a research note on Thursday, August 27th. KeyCorp cut their target price on shares of Dycom Industries from $610.00 to $423.00 and set an "overweight" rating on the stock in a report on Thursday, August 27th. Wall Street Zen downgraded shares of Dycom Industries from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 25th. B. Riley Financial upped their price target on shares of Dycom Industries from $485.00 to $625.00 and gave the company a "buy" rating in a report on Thursday, May 28th. Finally, Cantor Fitzgerald dropped their price target on shares of Dycom Industries from $654.00 to $476.00 and set an "overweight" rating for the company in a research report on Thursday, August 27th. Eleven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $514.00.

Dycom Industries Trading Down 1.4%

NYSE DY opened at $290.21 on Tuesday. Dycom Industries, Inc. has a fifty-two week low of $242.55 and a fifty-two week high of $566.47. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.24 and a current ratio of 2.35. The stock has a 50 day simple moving average of $414.44 and a two-hundred day simple moving average of $412.87. The stock has a market cap of $8.75 billion, a P/E ratio of 26.41, a price-to-earnings-growth ratio of 0.52 and a beta of 1.54.

Dycom Industries (NYSE:DY - Get Free Report) last posted its earnings results on Wednesday, August 26th. The construction company reported $5.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.72 by $0.57. Dycom Industries had a return on equity of 25.30% and a net margin of 4.79%.The firm had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $1.98 billion. During the same period in the previous year, the firm earned $3.33 earnings per share. The business's revenue was up 45.6% compared to the same quarter last year. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. On average, analysts forecast that Dycom Industries, Inc. will post 15.44 earnings per share for the current year.

Dycom Industries announced that its Board of Directors has authorized a share repurchase plan on Wednesday, August 26th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 1.4% of its shares through open market purchases. Shares buyback plans are often a sign that the company's management believes its stock is undervalued.

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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