Jupiter Topco LLC Buys Shares of 39,537 Dycom Industries, Inc. $DY

Jupiter Topco LLC purchased a new position in Dycom Industries, Inc. (NYSE:DY) during the 2nd quarter, HoldingsChannel reports. The firm purchased 39,537 shares of the construction company’s stock, valued at approximately $19,997,000.

Other large investors also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its position in shares of Dycom Industries by 4,626.1% in the first quarter. Jones Financial Companies Lllp now owns 2,174 shares of the construction company’s stock valued at $331,000 after acquiring an additional 2,128 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Dycom Industries by 7.7% during the first 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 acquiring an additional 4,985 shares during the period. Invesco Ltd. increased its position in Dycom Industries by 7.0% during 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 during the period. EverSource Wealth Advisors LLC raised its stake in Dycom Industries by 73.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock valued at $39,000 after purchasing an additional 68 shares during the last quarter. Finally, Cerity Partners LLC boosted its holdings in Dycom Industries by 8.9% in the 2nd quarter. Cerity Partners LLC now owns 2,239 shares of the construction company’s stock valued at $547,000 after purchasing an additional 183 shares during the period. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Dycom Industries Trading Down 4.2%

Shares of Dycom Industries stock opened at $295.11 on Friday. The firm has a market capitalization of $8.86 billion, a PE ratio of 26.85, a price-to-earnings-growth ratio of 0.54 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 2.46. The company’s fifty day moving average price is $418.01 and its two-hundred day moving average price is $413.73. Dycom Industries, Inc. has a 52-week low of $242.55 and a 52-week high of $566.47.

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

Dycom Industries announced that its board has authorized a share repurchase plan on Wednesday, August 26th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the construction company to purchase up to 1.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Key Dycom Industries News

Here are the key news stories impacting Dycom Industries this week:

• Positive Sentiment: Dycom reported second-quarter earnings of $5.29 per share, above the $4.72 consensus estimate, while revenue reached approximately $2.01 billion versus expectations of $1.98 billion. Revenue increased 45.6% year over year, supported by communications infrastructure and digital-infrastructure demand. Dycom Industries beats Q2 forecasts as digital infrastructure demand accelerates
• Positive Sentiment: Management raised its fiscal 2027 revenue outlook, citing continued strength in fiber, data-center connectivity and Building Systems. These trends point to a multiyear opportunity from fiber-network expansion and AI-related infrastructure spending. DY Q2 Earnings Call Focuses on Fiber Demand and Higher Outlook
• Positive Sentiment: The board authorized a $150 million share-repurchase program, equivalent to as much as 1.4% of outstanding shares. The authorization may support per-share results and signals that management believes the stock is undervalued. Stock Buyback Program Declared by Dycom Industries
• Neutral Sentiment: JPMorgan, UBS, Wells Fargo, KeyCorp and Cantor Fitzgerald lowered their price targets following the earnings report but retained bullish ratings, including “overweight” or “buy.” The target cuts reflect reduced near-term assumptions rather than a broadly negative long-term view.
• Negative Sentiment: The main pressure is fiscal third-quarter EPS guidance of $4.33 to $4.79, which is below analyst expectations. Investors are also concerned about a $150 million wireless-revenue deferral, helping explain why the strong quarterly beat has not translated into positive stock performance. Why Dycom Industries Stock Is Plummeting This Week

Analyst Ratings Changes

Several research firms have issued reports on DY. Wedbush set a $654.00 price target on shares of Dycom Industries in a research report on Friday, May 29th. UBS Group cut their price objective on shares of Dycom Industries from $611.00 to $525.00 and set a “buy” rating for the company in a research report on Thursday. Cantor Fitzgerald reduced their target price on shares of Dycom Industries from $654.00 to $476.00 and set an “overweight” rating for the company in a research note on Thursday. B. Riley Financial lifted their target price on Dycom Industries from $485.00 to $625.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Finally, Wall Street Zen lowered Dycom Industries from a “strong-buy” rating to a “buy” rating in a research note 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $514.00.

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.