The Advisors' Inner Circle Fund III Strategas Macro Momentum ETF (ARCA: SAMM)

Latest news for The Advisors' Inner Circle Fund III Strategas Macro Momentum ETF (ARCA:SAMM)

The Fund is an actively-managed exchange-traded fund (ETF) that principally invests in common stocks of U.S. companies, real estate investment trusts (REITs), master limited partnerships (MLPs), American Depositary Receipts (ADRs), shares of other investment companies, including ETFs, exchange-traded products (ETPs) and closed-end funds, and shares of business development companies (BDCs). The Fund seeks to achieve its objective by investing principally in a portfolio of approximately 20–50 such assets with a focus on buying and holding the assets for as long as their technical characteristics warrant while seeking to limit losses in periods of market decline by allocating additional Fund assets to defensive alternatives, such as treasury ETFs, gold ETPs or cash. Catalysts for a more defensive posture would include a deterioration to the technical attributes for the market as a whole, including such inputs as downside moving average crosses, changes to trend following and momentum tools, an expansion in individual securities trading to new lows (each as described below), and the emergence of a relative outperformance from traditionally defensive assets like treasuries or gold.

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Dycom Industries reported Q2 FY25 results with contract revenue up 15.5%, adjusted EBITDA up, and an EPS beat. The company also acquired Black &amp; Veatch&#39;s telecom infrastructure business and projects increased revenue in fiscal 2026. 

Dycom Beats On Q2 With Strong Demand For Infrastructure Services, Discloses Value-Accretive Buyout

The Advisors' Inner Circle Fund III Strategas Macro Momentum ETF

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Strategas Lists SAMM, a Tactical ETF with an Active Approach to Macro & Momentum Investing

Dycom Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DY#NYSE">DY</a>) shares are trading lower after the company reported its&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/g40480363/dycom-industries-inc-announces-fiscal-2025-second-quarter-results" rel="noreferrer noopener">second quarter&nbsp;FY25 results</a>.



Contract revenue increased 15.5% Y/Y to $1.203 billion, beating the consensus of $1.196 billion. Adjusted EBITDA increased to $158.3 million from $130.8 million a year ago. Adjusted EPS of $2.46 surpassed <a href="https://www.benzinga.com/earnings" target="_blank" rel="noreferrer noopener">the street view of $2.26</a>.



In the quarter ending July 27, the company revised its credit agreement to increase term loan capacity and extend the maturity date to January 2029. As of July 27, cash and equivalents stood at $19.6 million.



Outlook: For the&nbsp;third quarter, Dycom anticipates a mid- to high single-digit percentage increase in total contract revenues, which included the company expectation&nbsp;of around&nbsp;$75&nbsp;million&nbsp;of acquired contract revenues for the quarter.



Adjusted EBITDA margin is projected to increase by about 25 to 50 basis points Y/Y, excluding the 1.8% incremental EBITDA margin benefit from change orders and project closeouts reported in the prior year.



In a separate release, Dycom revealed the acquisition of Black &amp; Veatch&#8217;s public carrier wireless telecom infrastructure business, expanding its reach into nine states and boosting its capabilities <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/g40480476/dycom-industries-inc-acquires-black-veatchs-public-carrier-wireless-telecommunications-infrastruct" rel="noreferrer noopener">in wireless network modernization</a>.



The acquisition is projected to contribute $250 million to $275 million in contract revenues for fiscal 2026.



Investors can gain exposure to the stock via&nbsp;The Advisors&#8217; Inner Circle Fund III Strategas Macro Momentum ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAMM#NYSE">SAMM</a>) and&nbsp;Hilton Small-MidCap Opportunity ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCO#NASDAQ">SMCO</a>).



Price Action: DY shares are down 1.13% at $192.00 premarket at the last check Wednesday.



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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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The Advisors' Inner Circle Fund III Strategas Macro Momentum ETF

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Latest news for The Advisors' Inner Circle Fund III Strategas Macro Momentum ETF (ARCA:SAMM)

Wednesday, August 21, 2024