Squarepoint Ops LLC Lowers Position in Dycom Industries, Inc. $DY

Squarepoint Ops LLC cut its position in shares of Dycom Industries, Inc. (NYSE:DY) by 90.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,054 shares of the construction company’s stock after selling 119,388 shares during the quarter. Squarepoint Ops LLC’s holdings in Dycom Industries were worth $3,190,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC purchased a new position in Dycom Industries during the second quarter valued at $32,000. AlphaQuest LLC bought a new position in shares of Dycom Industries in the 1st quarter worth about $37,000. EverSource Wealth Advisors LLC lifted its position 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 acquiring an additional 68 shares during the period. Smartleaf Asset Management LLC boosted its stake in Dycom Industries by 25.0% during the second quarter. Smartleaf Asset Management LLC now owns 485 shares of the construction company’s stock worth $119,000 after acquiring an additional 97 shares in the last quarter. Finally, Archer Investment Corp grew its holdings in Dycom Industries by 6.2% in the second quarter. Archer Investment Corp now owns 690 shares of the construction company’s stock worth $169,000 after purchasing an additional 40 shares during the period. Institutional investors own 98.33% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on DY. Zacks Research raised shares of Dycom Industries from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. JPMorgan Chase & Co. lifted their price objective on Dycom Industries from $275.00 to $370.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. Wells Fargo & Company boosted their target price on Dycom Industries from $315.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Bank of America raised their price target on Dycom Industries from $310.00 to $365.00 and gave the company a “buy” rating in a report on Friday, November 21st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Dycom Industries in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $371.25.

Dycom Industries Stock Performance

Shares of DY opened at $347.83 on Wednesday. The company has a market cap of $10.07 billion, a price-to-earnings ratio of 34.23, a P/E/G ratio of 1.81 and a beta of 1.36. The business’s fifty day simple moving average is $312.99 and its two-hundred day simple moving average is $277.16. Dycom Industries, Inc. has a 12 month low of $131.37 and a 12 month high of $366.65. The company has a current ratio of 3.09, a quick ratio of 2.90 and a debt-to-equity ratio of 0.62.

Dycom Industries (NYSE:DY) last announced its quarterly earnings results on Wednesday, November 19th. The construction company reported $3.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.48. Dycom Industries had a return on equity of 22.21% and a net margin of 5.75%.The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the prior year, the company posted $2.68 earnings per share. The company’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. Research analysts anticipate that Dycom Industries, Inc. will post 7.13 earnings per share 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.