Dycom Industries, Inc. $DY Shares Bought by Versor Investments LP

Key Points

• Versor Investments LP significantly increased its holdings in Dycom Industries, raising its stock ownership by 207.0% in the first quarter, with a total value of $631,000.
• Multiple hedge funds, including First Trust Advisors LP and OVERSEA CHINESE BANKING Corp Ltd, have also boosted their stakes in Dycom Industries, highlighting strong interest from institutional investors.
• Dycom Industries reported earnings of $2.09 per share, exceeding expectations, with a revenue increase of 10.2% year-over-year for its latest quarter.

Versor Investments LP grew its holdings in Dycom Industries, Inc. (NYSE:DY - Free Report) by 207.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,142 shares of the construction company's stock after purchasing an additional 2,793 shares during the period. Versor Investments LP's holdings in Dycom Industries were worth $631,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Aberdeen Group plc lifted its stake in shares of Dycom Industries by 5.3% in the 1st quarter. Aberdeen Group plc now owns 25,900 shares of the construction company's stock valued at $3,946,000 after purchasing an additional 1,300 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of 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 valued at $92,000 after purchasing an additional 478 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Dycom Industries by 13.7% in the 1st quarter. Russell Investments Group Ltd. now owns 24,012 shares of the construction company's stock valued at $3,658,000 after buying an additional 2,897 shares during the period. Arrowpoint Investment Partners Singapore Pte. Ltd. raised its holdings in shares of Dycom Industries by 3,536.4% in the 1st quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. now owns 4,000 shares of the construction company's stock valued at $609,000 after buying an additional 3,890 shares during the period. Finally, Public Sector Pension Investment Board raised its holdings in shares of Dycom Industries by 27.7% in the 1st quarter. Public Sector Pension Investment Board now owns 92,567 shares of the construction company's stock valued at $14,102,000 after buying an additional 20,101 shares during the period. Institutional investors and hedge funds own 98.33% of the company's stock.

Dycom Industries Stock Performance

Shares of NYSE DY traded down $3.57 during trading hours on Monday, reaching $253.85. The stock had a trading volume of 493,202 shares, compared to its average volume of 429,305. Dycom Industries, Inc. has a fifty-two week low of $131.37 and a fifty-two week high of $285.64. The firm has a 50-day moving average of $256.40 and a 200-day moving average of $205.75. 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 firm has a market cap of $7.35 billion, a price-to-earnings ratio of 28.52, a PEG ratio of 1.27 and a beta of 1.34.

Dycom Industries (NYSE:DY - Get Free Report) last posted its quarterly earnings data on Wednesday, August 20th. The construction company reported $3.33 earnings per share 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 company had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.41 billion. During the same period last year, the firm earned $2.46 EPS. The firm's revenue for the quarter 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. Equities research analysts predict that Dycom Industries, Inc. will post 7.13 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on DY. KeyCorp boosted their price objective on Dycom Industries from $255.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Wells Fargo & Company increased their price objective on Dycom Industries from $250.00 to $295.00 and gave the company an "overweight" rating in a report on Monday, August 18th. UBS Group increased their price objective on Dycom Industries from $288.00 to $296.00 and gave the company a "buy" rating in a report on Thursday. Raymond James Financial increased their price objective on Dycom Industries from $290.00 to $300.00 and gave the company a "strong-buy" rating in a report on Thursday. Finally, B. Riley increased their price objective on Dycom Industries from $200.00 to $265.00 and gave the company a "buy" rating in a report on Friday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $289.43.

About Dycom Industries

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.