Deep-pocketed investors have adopted a bearish approach towards Quanta Services (NYSE:PWR), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in PWR usually suggests something big is about to happen.We gleaned this information from our observations today when Benzinga's options scanner highlighted 16 extraordinary options activities for Quant ...

Core Viewpoint - Dycom Industries, Inc. will host a conference call to discuss its fiscal 2026 fourth quarter and annual results on March 4, 2026, at 9:00 a.m. ET, with a press release to be issued earlier that morning [1]. Group 1: Conference Call Details - Interested parties can participate in the Q&A session by registering online, after which they will receive a dial-in number and unique PIN [2]. - Participants are encouraged to join the call approximately ten minutes before the scheduled start time [2]. - A live listen-only audio webcast of the call, along with a slide presentation, will be available online, and a replay will be accessible for approximately 120 days following the event [3]. Group 2: Company Overview - Dycom Industries, Inc. is a leading provider of specialty contracting services to the telecommunications infrastructure and utility industries across the United States [4]. - The services offered by Dycom include program management, planning, engineering and design, aerial, underground, and wireless construction, maintenance, and fulfillment services for telecommunications providers [4]. - Additionally, Dycom provides electrical contracting services for data centers, underground facility locating services for various utilities, and other construction and maintenance services for electric and gas utilities [4].

Fund Performance - Baron Durable Advantage Fund returned 2.6% in Q4 2025, closely matching the S&P 500 Index's return of 2.7% [1] - The Fund achieved a total return of 16.6% for the year 2025, compared to 17.9% for the S&P 500 Index and 16.1% for the Morningstar Large Growth Category average [1] Investment Focus - In 2026, the Fund aims to invest in high-quality, large-cap companies with strong competitive advantages, proven track records, and consistent shareholder returns, amidst geopolitical challenges and evolving regulatory trends [1] Quanta Services, Inc. Overview - Quanta Services, Inc. (NYSE:PWR) is a leading specialized contract services company providing infrastructure solutions across various sectors, including electric and gas utilities, renewable energy, and telecommunications [2] - As of February 11, 2026, Quanta Services, Inc. stock closed at $523.96 per share, with a one-month return of 17.05% and a twelve-month increase of 80.14% [2] Investment Rationale for Quanta Services, Inc. - The Fund initiated a new position in Quanta Services, Inc. due to its strong track record, with revenue and EPS compounding at 14% and 18% CAGR over the last 15 years, respectively [3] - Quanta has achieved growth in a flat electric load environment, driven by significant market share gains [3] - The company is expected to benefit from secular growth trends in energy-related infrastructure, supported by its competitive position and skilled labor force [3] - Quanta is projected to grow its earnings at a mid-teens rate or better, with a capable management team to execute its growth strategy [3]

Group 1 - Everus Construction Group (NYSE: ECG) will release its fourth quarter and full-year 2025 financial results on February 24, after the stock market closes [1] - A webcast will be held on February 25 at 10:30 a.m. EST to discuss the financial results and recent events, including a Q&A session [1][2] - Participants are encouraged to register for the webcast at least 15 minutes prior to the start for audio compatibility [2] Group 2 - Everus Construction Group, Inc. is a member of the S&P SmallCap 600® and provides a full spectrum of construction services across the United States [3] - The company specializes in electrical and mechanical contracting, as well as transmission and distribution services for various sectors including utility, transportation, and renewable energy [3] - Its services include construction and maintenance of electrical and communication infrastructure, fire suppression systems, and mechanical piping [3]

Core Viewpoint - Dycom Industries, Inc. has successfully completed the acquisition of Power Solutions, LLC for approximately $1.63 billion in cash and 1.0 million shares of Dycom common stock, enhancing its position in the digital infrastructure industry [1][2] Group 1: Acquisition Details - The acquisition price was approximately $1.63 billion in cash, including an estimated working capital adjustment, along with 1.0 million shares of Dycom common stock [1] - Power Solutions will continue to operate under its brand, maintaining its headquarters in Bowie, Maryland, with its strong management team remaining in place [2] Group 2: Financial Impact - The transaction is expected to be immediately accretive to Dycom's Adjusted EBITDA margin and Adjusted Diluted Earnings Per Share, excluding non-cash amortization of intangible assets [3] - The acquisition is projected to improve free cash flow for the combined company [3] Group 3: Financing and Credit Agreement - Dycom amended its existing credit agreement to increase revolving facility commitments to $800 million from $650 million and to increase the term loan facility to $1.540 billion from $440 million, extending the maturity to December 2030 [4] - A $600 million senior secured 364-day bridge loan facility was established to refinance outstanding term loans and finance the cash consideration component of the acquisition [4]

Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying those that can fulfill their potential is challenging [1] Group 1: Company Overview - Dycom Industries (DY) is highlighted as a promising growth stock, possessing a favorable Growth Score and a top Zacks Rank [2] - The company has a historical EPS growth rate of 53.2%, with projected EPS growth of 31.2% this year, surpassing the industry average of 30.1% [4] Group 2: Financial Metrics - Dycom Industries has an asset utilization ratio (sales-to-total-assets ratio) of 1.64, indicating higher efficiency compared to the industry average of 1.57 [5] - The company's sales are expected to grow by 14.5% this year, exceeding the industry average growth of 12.7% [6] Group 3: Earnings Estimates - There has been a positive trend in earnings estimate revisions for Dycom Industries, with the Zacks Consensus Estimate for the current year increasing by 7% over the past month [8] - The combination of a Growth Score of B and a Zacks Rank 1 suggests that Dycom Industries is a strong candidate for growth investors [10]

Core Insights - Investors are showing a bullish sentiment towards Quanta Services (NYSE:PWR), with significant options trading activity indicating potential upcoming developments [1][2]. Options Trading Activity - Recent options trades for Quanta Services revealed a strong bullish sentiment, with 75% of trades being bullish and only 12% bearish. The total amount for calls was $1,595,410 compared to $42,350 for puts [3]. - The price range targeted by large investors over the last three months is between $400.0 and $480.0 [4]. Volume and Open Interest Trends - An analysis of the volume and open interest for Quanta Services' options indicates a growing interest in the stock, particularly within the strike price range of $400.0 to $480.0 over the past 30 days [5]. Significant Options Trades - Notable options trades include bullish sweeps for calls at $400.00 and $480.00, with significant amounts of $607.5K and $459.0K respectively [9]. Company Overview - Quanta Services is a leading provider of specialty contracting services, focusing on infrastructure solutions for electric and gas utilities, communications, pipelines, and energy sectors in the U.S., Canada, and Australia. The company operates under two segments: electric infrastructure and underground utility and infrastructure [10]. Current Market Status - Analysts have issued ratings for Quanta Services, with a consensus target price of $471.5. Bernstein maintains a Market Perform rating with a target of $428, while JP Morgan upgraded its rating to Overweight with a target of $515 [12][13]. - The current trading volume for Quanta Services is 495,004, with the stock price at $425.0, reflecting a 0.88% increase [15].

Core Insights - U.S. stocks are demonstrating strong performance, with major indexes rising and investor sentiment improving due to solid economic data and expectations for further monetary easing [1][2] - The market is entering a historically strong period, supported by positive earnings reports and improving growth forecasts, making it favorable for risk assets [2] - Investors are encouraged to focus on stocks with relative price strength, which indicates potential for significant returns [3][5] Company Highlights - **Agnico Eagle Mines Limited (AEM)**: A gold producer with a market cap of $87.5 billion, AEM has seen its earnings estimates rise by 8.8% over the past 60 days and its shares have doubled in a year [12][13] - **General Motors Company (GM)**: Holding a 16.5% share of the U.S. auto market, GM has a market cap of nearly $70 billion, with earnings estimates increasing by 9.9% over the last 60 days and shares gaining 36% in a year [13][14] - **Great Lakes Dredge & Dock (GLDD)**: As the top dredging contractor in the U.S., GLDD has a market cap of $868.4 million and is projected to have 31% earnings growth for 2025, with a 7.8% increase in earnings estimates over the past 60 days [15][16] - **BrightSpring Health Services (BTSG)**: This company focuses on home and community-based care, with a projected EPS growth rate of 53.3% over three to five years. Its earnings estimates have increased from $0.90 to $1.12, and shares have risen by 89.1% in a year [17][18] - **Everus Construction Group (ECG)**: With a market cap of $4.7 billion, ECG has seen a 23% increase in earnings estimates over the past 60 days and shares have increased by 38.7% in a year [19][20] Investment Strategy - A relative price strength strategy is recommended, focusing on stocks that outperform their sectors and have solid fundamentals, as these are more likely to yield considerable returns [5][6][7] - Stocks that have shown better performance than the S&P 500 over the last 1 to 3 months and have positive earnings revisions are considered optimal for investment [7][8] - Screening parameters include positive relative price changes over various time frames and upward revisions in earnings estimates for the current quarter [9][10]

Core Insights - Two stocks with strong momentum and buy rankings are highlighted for investors: Agnico Eagle Mines Limited and Dycom Industries, Inc. [1][2] Group 1: Agnico Eagle Mines Limited (AEM) - Agnico Eagle Mines is an explorer and developer of mineral properties with a Zacks Rank of 1 [1] - The Zacks Consensus Estimate for its current year earnings has increased nearly 8% over the last 60 days [1] - The company's shares have gained 18.9% over the last three months, outperforming the S&P 500's advance of 3.9% [1] - Agnico Eagle Mines possesses a Momentum Score of B [1] Group 2: Dycom Industries, Inc. (DY) - Dycom Industries provides specialty contracting services to the telecommunications sector and also holds a Zacks Rank of 1 [2] - The Zacks Consensus Estimate for its current year earnings has increased by 4.7% over the last 60 days [2] - Dycom's shares have surged 36.3% over the last three months, significantly outperforming the S&P 500's advance of 3.9% [2] - The company has a Momentum Score of A [2]

Core Insights - Three stocks with strong growth characteristics and buy ranks are highlighted for investors: Dycom Industries, Micron Technology, and Sanmina Corporation [1][2][3] Company Summaries - **Dycom Industries, Inc. (DY)**: - Provides specialty contracting services to the telecommunications sector - Zacks Rank 1 - Current year earnings estimate increased by 4.7% over the last 60 days - PEG ratio of 1.78 compared to the industry average of 2.66 - Growth Score of B [1] - **Micron Technology, Inc. (MU)**: - Engages in memory and storage products - Zacks Rank 1 - Current year earnings estimate increased by 5.9% over the last 60 days - PEG ratio of 0.46 compared to the industry average of 1.24 - Growth Score of A [2] - **Sanmina Corporation (SANM)**: - Global provider of electronics contract manufacturing services - Zacks Rank 1 - Current year earnings estimate increased by 38.9% over the last 60 days - PEG ratio of 0.63 compared to the industry average of 1.86 - Growth Score of A [3]