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

Quantinno Capital Management LP raised its stake in Dycom Industries, Inc. (NYSE:DY) by 192.9% during the first quarter, HoldingsChannel reports. The fund 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.

Several other institutional investors and hedge funds have also recently modified their holdings of DY. Jones Financial Companies Lllp boosted its stake in Dycom Industries by 4,626.1% in the 1st quarter. Jones Financial Companies Lllp now owns 2,174 shares of the construction company’s stock worth $331,000 after purchasing an additional 2,128 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Dycom Industries by 7.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 69,726 shares of the construction company’s stock valued at $10,622,000 after purchasing an additional 4,985 shares in the last quarter. Invesco Ltd. increased its stake in Dycom Industries by 7.0% during the 2nd quarter. Invesco Ltd. now owns 227,127 shares of the construction company’s stock valued at $55,508,000 after purchasing an additional 14,891 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Dycom Industries by 73.1% in the second quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock worth $39,000 after buying an additional 68 shares during the last quarter. Finally, Cerity Partners LLC raised its holdings in Dycom Industries by 8.9% in the second quarter. Cerity Partners LLC now owns 2,239 shares of the construction company’s stock worth $547,000 after buying an additional 183 shares during the last quarter. 98.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on DY shares. JPMorgan Chase & Co. increased their price target on shares of Dycom Industries from $415.00 to $650.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. Wells Fargo & Company boosted their price objective on shares of Dycom Industries from $500.00 to $650.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Weiss Ratings cut Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, July 29th. Guggenheim increased their target price on Dycom Industries from $575.00 to $620.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Finally, B. Riley Financial lifted their target price on Dycom Industries from $485.00 to $625.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Dycom Industries currently has an average rating of “Buy” and an average target price of $554.92.

Dycom Industries Stock Performance

DY opened at $408.11 on Friday. The company’s 50 day moving average is $443.82 and its 200 day moving average is $412.87. The company has a current ratio of 2.58, a quick ratio of 2.46 and a debt-to-equity ratio of 1.48. The company 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 12-month low of $233.00 and a 12-month high of $566.47.

Dycom Industries (NYSE:DY) last announced its earnings results on Wednesday, May 27th. The construction company reported $4.42 EPS for the quarter, beating analysts’ consensus estimates of $2.73 by $1.69. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the prior year, the company earned $2.09 earnings per share. The firm’s revenue was up 56.1% on a year-over-year basis. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. On average, equities research analysts predict that Dycom Industries, Inc. will post 15.45 EPS for the current year.

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.