Intech Investment Management LLC Boosts Stock Position in Dycom Industries, Inc. $DY

Intech Investment Management LLC lifted its stake in Dycom Industries, Inc. (NYSE:DY) by 94.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,689 shares of the construction company’s stock after acquiring an additional 33,432 shares during the period. Intech Investment Management LLC owned approximately 0.24% of Dycom Industries worth $16,787,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DY. Xponance Inc. grew its holdings in Dycom Industries by 5.7% during the 1st quarter. Xponance Inc. now owns 2,163 shares of the construction company’s stock valued at $330,000 after buying an additional 116 shares in the last quarter. New York State Common Retirement Fund boosted its position in shares of Dycom Industries by 30.8% in the first quarter. New York State Common Retirement Fund now owns 81,052 shares of the construction company’s stock valued at $12,347,000 after acquiring an additional 19,107 shares during the period. CWM LLC grew its stake in 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 acquiring an additional 227 shares in the last quarter. Bailard Inc. bought a new stake in Dycom Industries during the 1st quarter worth approximately $518,000. Finally, Archer Investment Corp purchased a new stake in Dycom Industries in the 1st quarter worth approximately $99,000. 98.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on DY shares. KeyCorp boosted their price target on shares of Dycom Industries from $306.00 to $320.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Raymond James Financial upped their target price on Dycom Industries from $290.00 to $300.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 21st. JPMorgan Chase & Co. raised their price target on Dycom Industries from $250.00 to $275.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Dycom Industries in a report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $302.63.

Dycom Industries Stock Performance

NYSE DY opened at $290.94 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.16 and a quick ratio of 2.96. Dycom Industries, Inc. has a 1-year low of $131.37 and a 1-year high of $301.88. The business has a 50 day simple moving average of $282.41 and a two-hundred day simple moving average of $254.03. The stock has a market capitalization of $8.42 billion, a PE ratio of 32.69, a P/E/G ratio of 1.38 and a beta of 1.23.

Dycom Industries (NYSE:DY) last announced its quarterly earnings results on Wednesday, August 20th. The construction company reported $3.33 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.41. Dycom Industries had a net margin of 5.23% and a return on equity of 21.17%. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the previous year, the business posted $2.46 earnings per share. Dycom Industries’s quarterly revenue was up 14.5% on a year-over-year basis. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. On average, research analysts predict that Dycom Industries, Inc. will post 7.13 EPS for the current fiscal year.

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.