QRG Capital Management Inc. Invests $759,000 in Dycom Industries, Inc. $DY

QRG Capital Management Inc. bought a new position in shares of Dycom Industries, Inc. (NYSE:DY) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,241 shares of the construction company’s stock, valued at approximately $759,000.

Other large investors have also recently bought and sold shares of the company. &PARTNERS raised its position in Dycom Industries by 2.5% during the 4th quarter. &PARTNERS now owns 1,053 shares of the construction company’s stock worth $356,000 after buying an additional 26 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Dycom Industries by 17.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the construction company’s stock valued at $69,000 after acquiring an additional 30 shares during the last quarter. First Bank & Trust increased its stake in shares of Dycom Industries by 1.6% in the fourth quarter. First Bank & Trust now owns 2,106 shares of the construction company’s stock worth $712,000 after acquiring an additional 33 shares during the period. Osaic Holdings Inc. raised its holdings in shares of Dycom Industries by 1.7% during the fourth quarter. Osaic Holdings Inc. now owns 2,062 shares of the construction company’s stock worth $697,000 after purchasing an additional 35 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of Dycom Industries by 1.9% during the fourth quarter. CWM LLC now owns 1,956 shares of the construction company’s stock worth $661,000 after purchasing an additional 36 shares during the last quarter. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Dycom Industries Stock Performance

Shares of DY stock opened at $426.70 on Friday. The company has a market capitalization of $12.81 billion, a P/E ratio of 40.60, a P/E/G ratio of 0.75 and a beta of 1.50. The business’s 50 day moving average is $454.63 and its two-hundred day moving average is $403.63. The company has a current ratio of 2.58, a quick ratio of 2.46 and a debt-to-equity ratio of 1.48. Dycom Industries, Inc. has a 12-month low of $233.00 and a 12-month high of $566.47.

Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Wednesday, May 27th. The construction company reported $4.42 EPS for the quarter, beating analysts’ consensus estimates of $2.73 by $1.69. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.The business’s revenue was up 56.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.09 earnings per share. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. Analysts expect that Dycom Industries, Inc. will post 15.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on DY shares. Wall Street Zen upgraded shares of Dycom Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 6th. B. Riley Financial increased their price target on Dycom Industries from $485.00 to $625.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Cantor Fitzgerald lifted their price objective on Dycom Industries from $436.00 to $654.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. JPMorgan Chase & Co. boosted their price objective on Dycom Industries from $415.00 to $650.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. Finally, UBS Group restated a “buy” rating and issued a $611.00 target price on shares of Dycom Industries in a research note on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $554.92.

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.