Two Sigma Securities LLC Purchases New Position in Dycom Industries, Inc. $DY

Two Sigma Securities LLC acquired a new position in shares of Dycom Industries, Inc. (NYSE:DY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,882 shares of the construction company’s stock, valued at approximately $1,457,000.

Other institutional investors have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Dycom Industries by 36.4% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 87,046 shares of the construction company’s stock valued at $44,010,000 after purchasing an additional 23,219 shares in the last quarter. Van ECK Associates Corp bought a new position in shares of Dycom Industries during the second quarter worth $4,468,000. Hsbc Holdings PLC boosted its position in shares of Dycom Industries by 885.8% during the second quarter. Hsbc Holdings PLC now owns 20,760 shares of the construction company’s stock worth $10,468,000 after purchasing an additional 18,654 shares in the last quarter. Archer Investment Corp acquired a new position in shares of Dycom Industries in the 2nd quarter valued at $333,000. Finally, Glenview Trust Co bought a new stake in shares of Dycom Industries in the 2nd quarter valued at $255,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DY. Wedbush set a $654.00 price objective on Dycom Industries in a research note on Friday, May 29th. Wells Fargo & Company set a $476.00 price target on Dycom Industries in a report on Thursday. JPMorgan Chase & Co. dropped their price target on Dycom Industries from $650.00 to $570.00 and set an “overweight” rating on the stock in a research report on Thursday, August 27th. Cantor Fitzgerald cut their price objective on Dycom Industries from $654.00 to $476.00 and set an “overweight” rating on the stock in a report on Thursday, August 27th. Finally, Zacks Research lowered Dycom Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Eleven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Dycom Industries presently has a consensus rating of “Moderate Buy” and an average price target of $514.00.

Dycom Industries Price Performance

DY stock opened at $290.21 on Tuesday. The stock has a 50-day moving average price of $414.44 and a two-hundred day moving average price of $412.87. Dycom Industries, Inc. has a 1 year low of $242.55 and a 1 year high of $566.47. The stock has a market cap of $8.75 billion, a PE ratio of 26.41, a price-to-earnings-growth ratio of 0.52 and a beta of 1.54. The company has a current ratio of 2.35, a quick ratio of 2.24 and a debt-to-equity ratio of 1.35.

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

Dycom Industries declared that its Board of Directors has authorized a stock repurchase program on Wednesday, August 26th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the construction company to purchase up to 1.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its shares are 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.