Jupiter Topco LLC Invests $20 Million in Dycom Industries, Inc. $DY

Jupiter Topco LLC purchased a new stake in shares of Dycom Industries, Inc. (NYSE:DY) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 39,537 shares of the construction company’s stock, valued at approximately $19,997,000. Jupiter Topco LLC owned about 0.13% of Dycom Industries at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Hsbc Holdings PLC acquired a new position in Dycom Industries in the second quarter worth approximately $10,468,000. EFG International AG acquired a new stake in Dycom Industries in the second quarter valued at approximately $4,991,000. Ancora Advisors LLC acquired a new stake in Dycom Industries in the second quarter valued at approximately $784,000. Canada Pension Plan Investment Board bought a new stake in Dycom Industries in the second quarter worth approximately $344,000. Finally, Castleark Management LLC bought a new stake in Dycom Industries in the second quarter worth approximately $9,513,000. Institutional investors own 98.33% of the company’s stock.

Dycom Industries Price Performance

Shares of Dycom Industries stock opened at $295.11 on Friday. The firm has a fifty day simple moving average of $418.01 and a 200-day simple moving average of $413.73. The company has a current ratio of 2.35, a quick ratio of 2.46 and a debt-to-equity ratio of 1.35. Dycom Industries, Inc. has a 1-year low of $242.55 and a 1-year high of $566.47. The stock has a market capitalization of $8.86 billion, a price-to-earnings ratio of 26.85, a PEG ratio of 0.54 and a beta of 1.54.

Dycom Industries (NYSE:DY) last posted its earnings results 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 business had revenue of $2.01 billion for 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%. Dycom Industries’s revenue was up 45.6% compared to the same quarter last year. During the same period last year, the business posted $3.33 EPS. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. On average, sell-side analysts expect that Dycom Industries, Inc. will post 15.44 earnings per share for the current year.

Dycom Industries declared that its board has approved a share repurchase program on Wednesday, August 26th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the construction company to purchase up to 1.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

More 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 Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. JPMorgan Chase & Co. decreased their price objective on shares of Dycom Industries from $650.00 to $570.00 and set an “overweight” rating for the company in a report on Thursday. B. Riley Financial increased their target price on shares of Dycom Industries from $485.00 to $625.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Wedbush set a $654.00 target price on Dycom Industries in a report on Friday, May 29th. Finally, Cantor Fitzgerald reduced their price target on Dycom Industries from $654.00 to $476.00 and set an “overweight” rating for the company in a research report on Thursday. Eleven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Dycom Industries currently has a consensus rating of “Moderate Buy” and an average price target of $514.00.

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.