Hill City Capital LP Makes New $510.54 Million Investment in Dycom Industries, Inc. $DY

Hill City Capital LP purchased a new position in Dycom Industries, Inc. (NYSE:DY) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,009,784 shares of the construction company’s stock, valued at approximately $510,536,693. Dycom Industries makes up approximately 0.0% of Hill City Capital LP’s investment portfolio, making the stock its 3rd biggest holding. Hill City Capital LP owned about 3.36% of Dycom Industries as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in DY. Northwestern Mutual Wealth Management Co. raised its stake 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 acquiring an additional 23,903,375 shares during the period. Peconic Partners LLC increased its holdings in Dycom Industries by 2.8% in the second 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 last quarter. BlackRock Inc. acquired a new stake in Dycom Industries in the second quarter worth approximately $1,513,523,000. First Trust Advisors LP grew its position in Dycom Industries by 27.8% during the first quarter. First Trust Advisors LP now owns 798,699 shares of the construction company’s stock valued at $270,615,000 after purchasing an additional 173,528 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Dycom Industries by 8.0% in the fourth quarter. Geode Capital Management LLC now owns 727,238 shares of the construction company’s stock valued at $245,771,000 after acquiring an additional 53,993 shares during the period. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Analyst Ratings Changes

DY has been the subject of several recent research reports. Wedbush set a $654.00 target price on shares of Dycom Industries in a report on Friday, May 29th. Weiss Ratings raised Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 13th. JPMorgan Chase & Co. cut their target price on shares of Dycom Industries from $650.00 to $570.00 and set an “overweight” rating for the company in a research report on Thursday. KeyCorp lowered their price objective on shares of Dycom Industries from $610.00 to $423.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Guggenheim increased their price objective on Dycom Industries from $575.00 to $620.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $514.00.

Key Dycom Industries News

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

• Positive Sentiment: Dycom reported second-quarter adjusted EPS of $5.29, above the $4.72 consensus estimate, while revenue reached $2.01 billion versus expectations of $1.98 billion. Revenue increased 45.6% year over year, supported by strong fiber, data-center and Building Systems demand. Dycom Industries beats Q2 forecasts as digital infrastructure demand accelerates
• Positive Sentiment: The company raised its fiscal 2027 revenue outlook to approximately $7.48 billion-$7.66 billion and reported a record $12.2 billion backlog, reflecting continued demand for fiber networks, data-center connectivity and other digital infrastructure. Dycom forecasts fiscal 2027 revenue
• Positive Sentiment: Dycom’s board authorized a $150 million share-repurchase program, allowing the company to buy back up to roughly 1.4% of its outstanding shares. The authorization may signal management believes the stock is undervalued and could support per-share results. Stock Buyback Program Declared by Dycom Industries
• Neutral Sentiment: Analysts at JPMorgan, UBS, Wells Fargo, KeyCorp and Cantor Fitzgerald reduced their price targets following the earnings report but retained bullish ratings, including “overweight” or “buy.” The revisions indicate lower near-term expectations rather than a change in the long-term investment thesis.
• Negative Sentiment: Third-quarter EPS guidance of $4.33-$4.79 fell below analyst expectations, becoming the primary catalyst for the selloff. Management also said approximately $150 million of wireless work was deferred into fiscal 2028, raising concerns about near-term revenue timing and execution. Why Dycom Industries Stock Is Plummeting This Week

Dycom Industries Price Performance

DY traded down $13.77 during trading on Friday, hitting $294.24. The company’s stock had a trading volume of 498,958 shares, compared to its average volume of 491,274. Dycom Industries, Inc. has a 12 month low of $242.55 and a 12 month high of $566.47. The company has a quick ratio of 2.46, a current ratio of 2.35 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $8.84 billion, a price-to-earnings ratio of 26.77, a price-to-earnings-growth ratio of 0.55 and a beta of 1.54. The firm’s 50 day moving average price is $421.24 and its two-hundred day moving average price is $414.57.

Dycom Industries (NYSE:DY) last posted its quarterly earnings data 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. Dycom Industries had a net margin of 4.79% and a return on equity of 25.30%. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the firm posted $3.33 EPS. The business’s revenue for the quarter was up 45.6% compared to the same quarter last year. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. Sell-side analysts forecast that Dycom Industries, Inc. will post 15.45 earnings per share for the current fiscal year.

Dycom Industries announced that its Board of Directors has approved a stock repurchase program on Wednesday, August 26th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the construction company to buy up to 1.4% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

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.