Jump Financial LLC Takes Position in Dycom Industries, Inc. $DY

Jump Financial LLC purchased a new position in shares of Dycom Industries, Inc. (NYSE:DY) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 14,889 shares of the construction company’s stock, valued at approximately $3,639,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership purchased a new stake in Dycom Industries during the 2nd quarter valued at approximately $34,671,000. Nuveen LLC acquired a new position in shares of Dycom Industries in the first quarter valued at approximately $21,451,000. Voya Investment Management LLC increased its holdings in shares of Dycom Industries by 1,432.2% in the first quarter. Voya Investment Management LLC now owns 144,883 shares of the construction company’s stock valued at $22,071,000 after purchasing an additional 135,427 shares during the period. Hill City Capital LP raised its stake in shares of Dycom Industries by 14.1% during the first quarter. Hill City Capital LP now owns 969,784 shares of the construction company’s stock worth $147,737,000 after purchasing an additional 120,000 shares during the last quarter. Finally, Appian Way Asset Management LP lifted its holdings in shares of Dycom Industries by 108.1% during the first quarter. Appian Way Asset Management LP now owns 189,685 shares of the construction company’s stock worth $28,897,000 after purchasing an additional 98,542 shares during the period. Institutional investors and hedge funds own 98.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on DY. DA Davidson upped their price objective on shares of Dycom Industries from $300.00 to $390.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Wall Street Zen upgraded shares of Dycom Industries from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 23rd. Zacks Research raised shares of Dycom Industries from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Bank of America lifted their price objective on Dycom Industries from $310.00 to $365.00 and gave the company a “buy” rating in a report on Friday, November 21st. Finally, B. Riley increased their target price on Dycom Industries from $320.00 to $420.00 and gave the stock a “buy” rating in a research note on Friday, November 21st. Two investment analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, Dycom Industries presently has an average rating of “Buy” and a consensus target price of $371.25.

Dycom Industries Stock Up 2.6%

Shares of NYSE DY opened at $356.12 on Thursday. The stock has a market capitalization of $10.31 billion, a price-to-earnings ratio of 35.05, a price-to-earnings-growth ratio of 1.81 and a beta of 1.36. Dycom Industries, Inc. has a 52 week low of $131.37 and a 52 week high of $364.40. The firm has a 50-day moving average price of $307.88 and a 200 day moving average price of $273.34. The company has a quick ratio of 2.90, a current ratio of 3.09 and a debt-to-equity ratio of 0.62.

Dycom Industries (NYSE:DY) last issued its earnings results on Wednesday, November 19th. The construction company reported $3.63 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.48. Dycom Industries had a net margin of 5.75% and a return on equity of 22.21%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the prior year, the business posted $2.68 earnings per share. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. Equities research analysts anticipate that Dycom Industries, Inc. will post 7.13 EPS for the current fiscal year.

Dycom Industries 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.