SIR Capital Management L.P. Invests $6.76 Million in Dycom Industries, Inc. $DY

SIR Capital Management L.P. bought a new stake in shares of Dycom Industries, Inc. (NYSE:DY) during the second quarter, Holdings Channel.com reports. The fund bought 13,377 shares of the construction company’s stock, valued at approximately $6,763,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. grew its holdings 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 worth $8,076,953,000 after acquiring an additional 23,903,375 shares during the period. Peconic Partners LLC raised its position in shares of 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 acquiring an additional 105,586 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Dycom Industries in the 2nd quarter valued at approximately $1,513,523,000. Hill City Capital LP bought a new stake in shares of Dycom Industries during the second quarter valued at approximately $510,536,693,000. Finally, First Trust Advisors LP boosted its position in shares of Dycom Industries by 27.8% during the first quarter. First Trust Advisors LP now owns 798,699 shares of the construction company’s stock valued at $270,615,000 after purchasing an additional 173,528 shares in the last quarter. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on DY. Wells Fargo & Company upped their price target on Dycom Industries from $500.00 to $650.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Cantor Fitzgerald upped their target price on shares of Dycom Industries from $436.00 to $654.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. JPMorgan Chase & Co. increased their price target on shares of Dycom Industries from $415.00 to $650.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. KeyCorp lifted their price target on shares of Dycom Industries from $482.00 to $610.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. Finally, Wall Street Zen cut shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 25th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $578.09.

Dycom Industries Stock Down 2.8%

Shares of NYSE:DY opened at $381.76 on Tuesday. The stock has a fifty day simple moving average of $429.52 and a two-hundred day simple moving average of $415.72. The stock has a market capitalization of $11.46 billion, a price-to-earnings ratio of 36.32, a PEG ratio of 0.69 and a beta of 1.54. Dycom Industries, Inc. has a 12-month low of $242.55 and a 12-month high of $566.47. The company has a current ratio of 2.58, a quick ratio of 2.46 and a debt-to-equity ratio of 1.48.

Dycom Industries (NYSE:DY) last released its earnings results on Wednesday, May 27th. The construction company reported $4.42 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the company posted $2.09 earnings per share. The company’s revenue for the quarter 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, research analysts anticipate that Dycom Industries, Inc. will post 15.45 earnings per share for the current fiscal year.

Dycom Industries 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.