Arrowstreet Capital Limited Partnership Purchases New Holdings in Dycom Industries, Inc. $DY

Arrowstreet Capital Limited Partnership acquired a new position in Dycom Industries, Inc. (NYSE:DY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 141,866 shares of the construction company’s stock, valued at approximately $34,671,000.

Several other institutional investors have also added to or reduced their stakes in DY. Nuveen LLC bought a new position in shares of Dycom Industries during the first quarter valued at approximately $21,451,000. Voya Investment Management LLC lifted its stake in shares of Dycom Industries by 1,432.2% during the 1st quarter. Voya Investment Management LLC now owns 144,883 shares of the construction company’s stock worth $22,071,000 after acquiring an additional 135,427 shares during the last quarter. Hill City Capital LP boosted its holdings in Dycom Industries by 14.1% during the 1st quarter. Hill City Capital LP now owns 969,784 shares of the construction company’s stock valued at $147,737,000 after acquiring an additional 120,000 shares during the period. Appian Way Asset Management LP grew its position in Dycom Industries by 108.1% in the 1st quarter. Appian Way Asset Management LP now owns 189,685 shares of the construction company’s stock valued at $28,897,000 after acquiring an additional 98,542 shares during the last quarter. Finally, Millennium Management LLC increased its stake in Dycom Industries by 3.2% in the first quarter. Millennium Management LLC now owns 1,481,394 shares of the construction company’s stock worth $225,676,000 after purchasing an additional 45,562 shares during the period. Institutional investors own 98.33% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Zacks Research upgraded Dycom Industries from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. B. Riley lifted their price objective on shares of Dycom Industries from $320.00 to $420.00 and gave the company a “buy” rating in a report on Friday, November 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Dycom Industries in a research report on Wednesday, October 8th. Wells Fargo & Company upped their target price on shares of Dycom Industries from $315.00 to $360.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Finally, Raymond James Financial lifted their price target on shares of Dycom Industries from $290.00 to $300.00 and gave the company a “strong-buy” rating in a research note on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $371.25.

Dycom Industries Stock Down 0.7%

Dycom Industries stock opened at $351.81 on Friday. The company has a quick ratio of 2.90, a current ratio of 3.09 and a debt-to-equity ratio of 0.62. The firm has a market cap of $10.19 billion, a P/E ratio of 34.63, a P/E/G ratio of 1.85 and a beta of 1.36. The business has a fifty day moving average of $304.40 and a two-hundred day moving average of $270.16. Dycom Industries, Inc. has a twelve month low of $131.37 and a twelve month high of $364.40.

Dycom Industries (NYSE:DY) last announced its quarterly earnings results on Wednesday, November 19th. The construction company reported $3.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.48. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.41 billion. Dycom Industries had a return on equity of 22.21% and a net margin of 5.75%.The business’s revenue was up 14.2% compared to the same quarter last year. During the same period last year, the business posted $2.68 EPS. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. On average, analysts forecast that Dycom Industries, Inc. will post 7.13 earnings per share for the current fiscal year.

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.