Susquehanna Fundamental Investments LLC Purchases 4,593 Shares of Dycom Industries, Inc. $DY

Susquehanna Fundamental Investments LLC increased its position in Dycom Industries, Inc. (NYSE:DY) by 70.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 11,072 shares of the construction company’s stock after purchasing an additional 4,593 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Dycom Industries were worth $5,598,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Sigma Planning Corp purchased a new stake in shares of Dycom Industries in the 2nd quarter worth about $217,000. Two Sigma Securities LLC bought a new stake in Dycom Industries during the second quarter worth about $1,457,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Dycom Industries by 36.4% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 87,046 shares of the construction company’s stock worth $44,010,000 after purchasing an additional 23,219 shares during the period. Van ECK Associates Corp bought a new position in shares of Dycom Industries during the second quarter valued at approximately $4,468,000. Finally, Hsbc Holdings PLC increased its stake in shares of Dycom Industries by 885.8% during the second quarter. Hsbc Holdings PLC now owns 20,760 shares of the construction company’s stock valued at $10,468,000 after purchasing an additional 18,654 shares in the last quarter. Institutional investors own 98.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on DY. Weiss Ratings raised Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 13th. Guggenheim lifted their price target on Dycom Industries from $575.00 to $620.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Cantor Fitzgerald dropped their price target on shares of Dycom Industries from $654.00 to $476.00 and set an “overweight” rating on the stock in a research note on Thursday, August 27th. Wells Fargo & Company set a $476.00 price objective on shares of Dycom Industries in a research report on Thursday. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Dycom Industries from $650.00 to $570.00 and set an “overweight” rating for the company in a research note on Thursday, August 27th. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $514.00.

Dycom Industries Trading Down 1.4%

NYSE:DY opened at $290.21 on Tuesday. Dycom Industries, Inc. has a one year low of $242.55 and a one year high of $566.47. The business has a fifty day moving average price of $414.44 and a 200-day moving average price of $412.87. The firm has a market capitalization of $8.75 billion, a price-to-earnings ratio of 26.41, a price-to-earnings-growth ratio of 0.52 and a beta of 1.54. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.35 and a quick ratio of 2.24.

Dycom Industries (NYSE:DY) last released its earnings results on Wednesday, August 26th. The construction company reported $5.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.72 by $0.57. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.98 billion. Dycom Industries had a net margin of 4.79% and a return on equity of 25.30%. The firm’s quarterly revenue was up 45.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.33 EPS. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. Sell-side analysts forecast that Dycom Industries, Inc. will post 15.44 EPS for the current year.

Dycom Industries announced that its Board of Directors has initiated a stock buyback program on Wednesday, August 26th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the construction company to purchase up to 1.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

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.