31,399 Shares in Dycom Industries, Inc. $DY Acquired by Trexquant Investment LP

Key Points

• Trexquant Investment LP has invested approximately $4.78 million in Dycom Industries, acquiring a total of 31,399 shares during the first quarter.
• Dycom Industries reported earnings of $3.33 per share, surpassing estimates, with an increase in revenue by 14.5% year-over-year despite slightly missing revenue expectations.
• Analysts have set new price targets for Dycom Industries, with Wells Fargo raising their price objective from $250 to $295, reflecting a positive outlook on the stock.

Trexquant Investment LP bought a new position in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 31,399 shares of the construction company's stock, valued at approximately $4,783,000. Trexquant Investment LP owned 0.11% of Dycom Industries as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Versant Capital Management Inc acquired a new position in Dycom Industries during the first quarter worth about $28,000. AlphaQuest LLC acquired a new position in Dycom Industries during the first quarter worth about $37,000. Federated Hermes Inc. increased its stake in Dycom Industries by 27.1% in the 1st quarter. Federated Hermes Inc. now owns 492 shares of the construction company's stock worth $75,000 after purchasing an additional 105 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in Dycom Industries by 370.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 607 shares of the construction company's stock worth $92,000 after purchasing an additional 478 shares in the last quarter. Finally, Archer Investment Corp purchased a new position in Dycom Industries in the 1st quarter worth about $99,000. 98.33% of the stock is owned by institutional investors and hedge funds.

Dycom Industries Stock Down 2.2%

Shares of Dycom Industries stock traded down $5.60 during trading on Friday, hitting $248.40. 358,040 shares of the stock traded hands, compared to its average volume of 480,148. The stock has a market cap of $7.19 billion, a P/E ratio of 27.91, a PEG ratio of 1.20 and a beta of 1.18. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.96 and a current ratio of 3.16. Dycom Industries, Inc. has a twelve month low of $131.37 and a twelve month high of $285.64. The company has a fifty day moving average price of $259.30 and a two-hundred day moving average price of $209.81.

Dycom Industries (NYSE:DY - Get Free Report) last announced its quarterly earnings results on Wednesday, August 20th. The construction company reported $3.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.41. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.41 billion. Dycom Industries had a return on equity of 21.17% and a net margin of 5.23%.The firm's revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.46 EPS. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. Equities research analysts predict that Dycom Industries, Inc. will post 7.13 EPS for the current fiscal year.

Analysts Set New Price Targets

DY has been the topic of a number of analyst reports. B. Riley lifted their price target on Dycom Industries from $200.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Zacks Research raised Dycom Industries to a "hold" rating in a research note on Monday, August 11th. Raymond James Financial lifted their price target on Dycom Industries from $290.00 to $300.00 and gave the stock a "strong-buy" rating in a research note on Thursday, August 21st. KeyCorp lifted their price target on Dycom Industries from $255.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Finally, DA Davidson lifted their price target on Dycom Industries from $265.00 to $300.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Dycom Industries has an average rating of "Buy" and a consensus price target of $289.43.

Dycom Industries 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.