Quadrature Capital Ltd Invests $2.41 Million in Dycom Industries, Inc. $DY

Quadrature Capital Ltd acquired a new position in Dycom Industries, Inc. (NYSE:DY) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,866 shares of the construction company’s stock, valued at approximately $2,414,000.

Other hedge funds have also bought and sold shares of the company. Archer Investment Corp grew its stake in Dycom Industries by 6.2% in the 2nd quarter. Archer Investment Corp now owns 690 shares of the construction company’s stock worth $169,000 after buying an additional 40 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Dycom Industries by 1.0% during the 2nd quarter. Quadrant Capital Group LLC now owns 4,492 shares of the construction company’s stock valued at $1,098,000 after buying an additional 46 shares in the last quarter. Profund Advisors LLC lifted its holdings in shares of Dycom Industries by 4.5% during the 2nd quarter. Profund Advisors LLC now owns 1,420 shares of the construction company’s stock worth $347,000 after acquiring an additional 61 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Dycom Industries by 5.5% during the 2nd quarter. Assetmark Inc. now owns 1,371 shares of the construction company’s stock worth $335,000 after acquiring an additional 72 shares during the last quarter. Finally, CW Advisors LLC grew its position in Dycom Industries by 1.0% in the first quarter. CW Advisors LLC now owns 9,338 shares of the construction company’s stock worth $1,423,000 after acquiring an additional 91 shares in the last quarter. 98.33% of the stock is currently owned by institutional investors.

Dycom Industries Trading Up 2.9%

Shares of DY stock opened at $365.42 on Friday. The stock has a market capitalization of $10.58 billion, a PE ratio of 41.06, a P/E/G ratio of 1.38 and a beta of 1.23. Dycom Industries, Inc. has a 1-year low of $131.37 and a 1-year high of $364.40. The business has a 50-day moving average of $297.19 and a 200 day moving average of $265.11. 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 (NYSE:DY) last announced its quarterly earnings results on Wednesday, November 19th. The construction company reported $3.63 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.48. Dycom Industries had a return on equity of 21.17% and a net margin of 5.23%.The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the previous year, the firm earned $2.68 EPS. The business’s quarterly revenue was up 14.2% on a year-over-year basis. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. FY 2026 guidance at EPS. As a group, sell-side analysts anticipate that Dycom Industries, Inc. will post 7.13 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on DY shares. UBS Group raised their price target on Dycom Industries from $336.00 to $373.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Raymond James Financial increased their price objective on Dycom Industries from $290.00 to $300.00 and gave the company a “strong-buy” rating in a research report on Thursday, August 21st. DA Davidson raised their price objective on Dycom Industries from $300.00 to $390.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Zacks Research raised Dycom Industries from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Finally, B. Riley increased their price target on shares of Dycom Industries from $320.00 to $420.00 and gave the company a “buy” rating in a research report on Friday, November 21st. Two research analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $371.25.

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.