64,662 Shares in Dycom Industries, Inc. $DY Acquired by Freestone Grove Partners LP

Freestone Grove Partners LP bought a new stake in shares of Dycom Industries, Inc. (NYSE:DY) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 64,662 shares of the construction company’s stock, valued at approximately $32,692,000.

Other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Dycom Industries by 265,593,055.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 23,903,384 shares of the construction company’s stock valued at $8,076,953,000 after purchasing an additional 23,903,375 shares during the period. Peconic Partners LLC increased its stake in Dycom Industries by 2.8% in the 2nd quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock valued at $933,038,000 after buying an additional 105,586 shares during the period. BlackRock Inc. purchased a new stake in Dycom Industries in the 2nd quarter worth approximately $1,513,523,000. Hill City Capital LP acquired a new stake in shares of Dycom Industries during the 2nd quarter valued at $510,536,693,000. Finally, First Trust Advisors LP grew its holdings in shares of Dycom Industries by 27.8% during the 1st quarter. First Trust Advisors LP now owns 798,699 shares of the construction company’s stock valued at $270,615,000 after acquiring an additional 173,528 shares in the last quarter. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on DY shares. KeyCorp cut their price objective on Dycom Industries from $610.00 to $423.00 and set an “overweight” rating for the company in a report on Thursday. Wells Fargo & Company set a $476.00 target price on Dycom Industries in a research report on Thursday. B. Riley Financial raised their price target on Dycom Industries from $485.00 to $625.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. 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 report on Thursday. Finally, Zacks Research cut Dycom Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Eleven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Dycom Industries presently has a consensus rating of “Moderate Buy” and an average target price of $514.00.

Dycom Industries Price Performance

Shares of NYSE:DY opened at $308.19 on Friday. Dycom Industries, Inc. has a fifty-two week low of $242.55 and a fifty-two week high of $566.47. The business has a 50-day moving average of $421.24 and a two-hundred day moving average of $414.57. The stock has a market capitalization of $9.26 billion, a P/E ratio of 28.04, a P/E/G ratio of 0.55 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.

Dycom Industries (NYSE:DY) last posted its earnings results on Wednesday, August 26th. The construction company reported $5.29 earnings per share for the quarter, topping the consensus estimate of $4.72 by $0.57. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.98 billion. Dycom Industries had a return on equity of 25.30% and a net margin of 4.79%.The company’s revenue for the quarter was up 45.6% on a year-over-year basis. During the same period in the previous year, the company earned $3.33 EPS. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. On average, equities research analysts predict that Dycom Industries, Inc. will post 15.45 EPS for the current fiscal year.

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

Key Headlines Impacting Dycom Industries

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

• Positive Sentiment: Dycom reported record fiscal 2027 second-quarter results: adjusted EPS was $5.29 versus the $4.72 consensus, revenue rose 45.6% year over year to $2.01 billion, and adjusted EBITDA reached $315.5 million. The company also reported a record $12.24 billion backlog. Dycom fiscal 2027 second-quarter results
• Positive Sentiment: Management raised its fiscal 2027 revenue outlook to approximately $7.5 billion-$7.7 billion, supported by strong fiber, data-center and Building Systems demand. The company said a $150 million wireless project deferral is shifting into fiscal 2028 rather than being canceled. Dycom earnings call and fiber demand
• Positive Sentiment: The board authorized a new $150 million share-repurchase program, allowing Dycom to buy up to roughly 1.4% of its outstanding shares. The authorization may support per-share results and signals management believes the stock is undervalued. Dycom share-repurchase announcement
• Neutral Sentiment: JPMorgan, UBS, Wells Fargo, KeyCorp and Cantor Fitzgerald all lowered their Dycom price targets following the earnings report, but each retained a positive rating ranging from “buy” to “overweight.” The revised targets still imply substantial upside, although the reductions suggest analysts are recalibrating valuation and near-term expectations. Analysts cut Dycom forecasts
• Negative Sentiment: Fiscal third-quarter adjusted EPS guidance of $4.33-$4.79 is below the $4.68 consensus midpoint and was the primary reason the strong Q2 beat failed to reassure investors. Revenue guidance of $1.9 billion-$2.0 billion was broadly in line with expectations, but the wireless-work deferral is pressuring the near-term earnings outlook. Why Dycom stock declined after earnings

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.