Twin Tree Management LP Purchases Shares of 2,198 Dycom Industries, Inc. $DY

Twin Tree Management LP acquired a new stake in shares of Dycom Industries, Inc. (NYSE:DY) during the 2nd quarter, Holdings Channel reports. The firm acquired 2,198 shares of the construction company’s stock, valued at approximately $1,111,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp increased its position in Dycom Industries by 4,626.1% in the 1st quarter. Jones Financial Companies Lllp now owns 2,174 shares of the construction company’s stock valued at $331,000 after buying an additional 2,128 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Dycom Industries by 7.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 69,726 shares of the construction company’s stock worth $10,622,000 after buying an additional 4,985 shares during the period. Invesco Ltd. boosted its holdings in Dycom Industries by 7.0% in the second quarter. Invesco Ltd. now owns 227,127 shares of the construction company’s stock worth $55,508,000 after acquiring an additional 14,891 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Dycom Industries by 73.1% in the second quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock worth $39,000 after acquiring an additional 68 shares in the last quarter. Finally, Cerity Partners LLC grew its stake in Dycom Industries by 8.9% in the second quarter. Cerity Partners LLC now owns 2,239 shares of the construction company’s stock valued at $547,000 after acquiring an additional 183 shares during the period. Institutional investors own 98.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DY. Cantor Fitzgerald boosted their price objective on Dycom Industries from $436.00 to $654.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Guggenheim lifted their price target on shares of Dycom Industries from $575.00 to $620.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Zacks Research lowered shares of Dycom Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. JPMorgan Chase & Co. upped their price objective on shares of Dycom Industries from $415.00 to $650.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Finally, Wedbush set a $654.00 price objective on shares of Dycom Industries in a research note on Friday, May 29th. Eleven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $578.09.

Dycom Industries Stock Down 1.7%

Shares of NYSE:DY opened at $393.24 on Friday. The business’s 50 day moving average is $431.31 and its 200 day moving average is $415.56. Dycom Industries, Inc. has a 12-month low of $242.55 and a 12-month high of $566.47. The stock has a market cap of $11.81 billion, a price-to-earnings ratio of 37.42, a PEG ratio of 0.69 and a beta of 1.54. The company has a quick ratio of 2.46, a current ratio of 2.58 and a debt-to-equity ratio of 1.48.

Dycom Industries (NYSE:DY) last released its quarterly earnings results on Wednesday, May 27th. The construction company reported $4.42 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 business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the firm posted $2.09 EPS. Dycom Industries’s quarterly revenue was up 56.1% compared to the same quarter last year. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. On average, sell-side analysts forecast that Dycom Industries, Inc. will post 15.45 earnings per share for the current fiscal 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.