Equitable Holdings Inc. Makes New Investment in Dycom Industries, Inc. $DY

Equitable Holdings Inc. acquired a new position in Dycom Industries, Inc. (NYSE:DY) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,427 shares of the construction company’s stock, valued at approximately $5,777,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. &PARTNERS boosted its holdings in Dycom Industries by 2.5% in 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 period. EverSource Wealth Advisors LLC lifted its position in shares of Dycom Industries by 17.3% in the fourth 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 in the last quarter. Legacy Wealth Managment LLC ID boosted its stake in shares of Dycom Industries by 30.4% in the first quarter. Legacy Wealth Managment LLC ID now owns 150 shares of the construction company’s stock worth $51,000 after acquiring an additional 35 shares during the period. Osaic Holdings Inc. grew its position 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 in the last quarter. Finally, CWM LLC grew its position 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 in the last quarter. 98.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Weiss Ratings raised Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 13th. B. Riley Financial lifted their price objective on shares of Dycom Industries from $485.00 to $625.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. UBS Group lowered their target price on shares of Dycom Industries from $611.00 to $525.00 and set a “buy” rating on the stock in a report on Thursday. Wedbush set a $654.00 target price on shares of Dycom Industries in a research note on Friday, May 29th. Finally, Guggenheim raised their target price on shares of Dycom Industries from $575.00 to $620.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Eleven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $514.00.

Dycom Industries News Summary

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 Stock Performance

NYSE DY opened at $308.19 on Friday. 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, Inc. has a 1-year low of $242.55 and a 1-year high of $566.47. The business has a 50 day simple moving average of $421.24 and a two-hundred day simple moving average of $414.57. The stock has a market capitalization of $9.26 billion, a PE ratio of 28.04, a P/E/G ratio of 0.55 and a beta of 1.54.

Dycom Industries (NYSE:DY) last issued its quarterly earnings data on Wednesday, August 26th. The construction company reported $5.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.72 by $0.57. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations 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 prior year, the firm earned $3.33 EPS. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. On average, research analysts predict that Dycom Industries, Inc. will post 15.45 EPS for the current fiscal year.

Dycom Industries declared that its board has approved a stock buyback plan on Wednesday, August 26th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the construction company to reacquire up to 1.4% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

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.