Magnetar Financial LLC Buys Shares of 5,405 Dycom Industries, Inc. $DY

Magnetar Financial LLC acquired a new stake in shares of Dycom Industries, Inc. (NYSE:DY) in the second quarter, Holdings Channel reports. The fund acquired 5,405 shares of the construction company’s stock, valued at approximately $1,321,000.

Other institutional investors have also recently added to or reduced their stakes in the company. AlphaQuest LLC acquired a new position in shares of Dycom Industries during the first quarter valued at $37,000. Federated Hermes Inc. boosted its stake in Dycom Industries by 27.1% during the 1st quarter. Federated Hermes Inc. now owns 492 shares of the construction company’s stock valued at $75,000 after purchasing an additional 105 shares during the period. Caitong International Asset Management Co. Ltd grew its position 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 during the last quarter. GAMMA Investing LLC increased its stake in shares of Dycom Industries by 83.1% in the second quarter. GAMMA Investing LLC now owns 705 shares of the construction company’s stock valued at $172,000 after purchasing an additional 320 shares during the period. Finally, CWM LLC raised its holdings in shares of Dycom Industries by 40.7% during the first quarter. CWM LLC now owns 785 shares of the construction company’s stock valued at $120,000 after buying an additional 227 shares during the last quarter. 98.33% of the stock is currently owned by institutional investors.

Dycom Industries Stock Up 1.0%

NYSE DY opened at $326.69 on Monday. The stock has a market cap of $9.46 billion, a PE ratio of 36.71, a PEG ratio of 1.38 and a beta of 1.23. 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 $350.87. The firm has a 50-day simple moving average of $288.11 and a 200 day simple moving average of $259.91.

Dycom Industries (NYSE:DY) last issued its earnings results on Wednesday, November 19th. The construction company reported $3.63 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.48. Dycom Industries had a net margin of 5.23% and a return on equity of 21.17%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the previous year, the business earned $2.68 EPS. The firm’s revenue was up 14.2% on a year-over-year basis. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. FY 2026 guidance at EPS. On average, research analysts forecast that Dycom Industries, Inc. will post 7.13 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Bank of America lifted their target price on Dycom Industries from $310.00 to $365.00 and gave the company a “buy” rating in a research note on Friday. Zacks Research upgraded shares of Dycom Industries from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. UBS Group boosted their price objective on Dycom Industries from $336.00 to $373.00 and gave the stock a “buy” rating in a report on Thursday. Raymond James Financial increased their target price on Dycom Industries from $290.00 to $300.00 and gave the company a “strong-buy” rating in a report on Thursday, August 21st. Finally, Wall Street Zen raised shares of Dycom Industries from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Two equities research analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $371.25.

Dycom Industries Company 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.