Arrowstreet Capital Limited Partnership Buys 65,724 Shares of Dycom Industries, Inc. $DY

Arrowstreet Capital Limited Partnership raised its position in Dycom Industries, Inc. (NYSE:DY) by 19.9% during the first quarter, Holdings Channel reports. The fund owned 396,240 shares of the construction company’s stock after acquiring an additional 65,724 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Dycom Industries were worth $134,254,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in DY. Northwestern Mutual Wealth Management Co. increased its position in shares of Dycom Industries by 265,593,055.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 23,903,384 shares of the construction company’s stock valued at $8,076,953,000 after purchasing an additional 23,903,375 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Dycom Industries by 27.8% in the first quarter. First Trust Advisors LP now owns 798,699 shares of the construction company’s stock worth $270,615,000 after buying an additional 173,528 shares during the period. Alyeska Investment Group L.P. purchased a new position in shares of Dycom Industries during the 3rd quarter valued at about $44,553,000. Price T Rowe Associates Inc. MD increased its stake in shares of Dycom Industries by 24.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 558,519 shares of the construction company’s stock worth $188,725,000 after purchasing an additional 110,065 shares in the last quarter. Finally, Peconic Partners LLC increased its stake in Dycom Industries by 2.8% in the 2nd quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock worth $933,038,000 after buying an additional 105,586 shares in the last quarter. 98.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on DY. Wedbush set a $654.00 price target on Dycom Industries in a report on Friday, May 29th. Wall Street Zen lowered Dycom Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Guggenheim increased their price objective on shares of Dycom Industries from $575.00 to $620.00 and gave the company a “buy” rating in a report on Thursday, May 28th. KeyCorp increased their price objective on shares of Dycom Industries from $482.00 to $610.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Finally, Weiss Ratings upgraded Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, July 6th. Two investment analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $554.92.

Dycom Industries Price Performance

Dycom Industries stock opened at $430.58 on Friday. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.58 and a quick ratio of 2.46. The stock has a market cap of $12.93 billion, a price-to-earnings ratio of 40.97, a price-to-earnings-growth ratio of 0.76 and a beta of 1.50. The firm has a 50-day moving average of $452.12 and a two-hundred day moving average of $409.13. Dycom Industries, Inc. has a 1 year low of $233.00 and a 1 year high of $566.47.

Dycom Industries (NYSE:DY) last announced its quarterly earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.73 by $1.69. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the previous year, the business earned $2.09 earnings per share. Dycom Industries’s quarterly 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, research analysts forecast that Dycom Industries, Inc. will post 15.45 earnings per share for the current year.

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.