Arrowstreet Capital Limited Partnership Purchases 84,402 Shares of Dycom Industries, Inc. $DY

Arrowstreet Capital Limited Partnership boosted its position in shares of Dycom Industries, Inc. (NYSE:DY) by 34.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 330,516 shares of the construction company’s stock after purchasing an additional 84,402 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Dycom Industries were worth $111,681,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its position in shares of Dycom Industries by 17.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the construction company’s stock valued at $69,000 after buying an additional 30 shares in the last quarter. First Bank & Trust increased its holdings in Dycom Industries by 1.6% during the 4th quarter. First Bank & Trust now owns 2,106 shares of the construction company’s stock worth $712,000 after purchasing an additional 33 shares in the last quarter. CWM LLC raised its stake in shares of Dycom Industries by 1.9% in the 4th quarter. CWM LLC now owns 1,956 shares of the construction company’s stock valued at $661,000 after purchasing an additional 36 shares during the period. Optiver Holding B.V. raised its stake in shares of Dycom Industries by 57.1% in the 3rd quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock valued at $32,000 after purchasing an additional 40 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of Dycom Industries by 0.7% in the third quarter. Victory Capital Management Inc. now owns 6,726 shares of the construction company’s stock valued at $1,962,000 after purchasing an additional 49 shares in the last quarter. Institutional investors own 98.33% of the company’s stock.

Dycom Industries Stock Performance

Shares of DY stock opened at $470.94 on Tuesday. The company has a fifty day moving average price of $430.10 and a two-hundred day moving average price of $389.71. Dycom Industries, Inc. has a one year low of $229.97 and a one year high of $566.47. The stock has a market cap of $14.14 billion, a P/E ratio of 44.81, a P/E/G ratio of 0.88 and a beta of 1.49. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.58 and a quick ratio of 2.46.

Dycom Industries (NYSE:DY) last posted its quarterly earnings results on Wednesday, May 27th. The construction company reported $4.42 EPS for the quarter, topping analysts’ consensus estimates of $2.73 by $1.69. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.Dycom Industries’s quarterly revenue was up 56.1% on a year-over-year basis. During the same quarter last year, the company posted $2.09 earnings per share. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. As a group, equities analysts predict that Dycom Industries, Inc. will post 14.54 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on DY shares. Guggenheim increased their price objective on Dycom Industries from $575.00 to $620.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Wall Street Zen upgraded Dycom Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 6th. Bank of America upped their price target on Dycom Industries from $365.00 to $475.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. B. Riley Financial raised their price target on shares of Dycom Industries from $485.00 to $625.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Finally, Zacks Research upgraded shares of Dycom Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. Two analysts have rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, Dycom Industries currently has a consensus rating of “Buy” and a consensus price target of $554.92.

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.