Dycom Industries (NYSE:DY) Reaches New 1-Year High – Here’s What Happened

Shares of Dycom Industries, Inc. (NYSE:DY) reached a new 52-week high on Monday . The stock traded as high as $411.77 and last traded at $412.0430, with a volume of 39152 shares. The stock had previously closed at $400.47.

Analysts Set New Price Targets

DY has been the topic of several research analyst reports. UBS Group raised their target price on shares of Dycom Industries from $373.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Zacks Research lowered shares of Dycom Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. B. Riley Financial upped their target price on Dycom Industries from $320.00 to $420.00 and gave the stock a “buy” rating in a research report on Friday, November 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Dycom Industries in a research report on Wednesday, January 21st. Finally, Wells Fargo & Company upped their price objective on Dycom Industries from $315.00 to $360.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Dycom Industries has an average rating of “Buy” and an average target price of $395.20.

Dycom Industries Stock Up 3.5%

The business’s 50 day moving average is $356.91 and its 200 day moving average is $307.93. The stock has a market cap of $12.01 billion, a price-to-earnings ratio of 41.11, a price-to-earnings-growth ratio of 1.76 and a beta of 1.36. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.90 and a current ratio of 3.09.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Wednesday, November 19th. The construction company reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.48. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.41 billion. Dycom Industries had a return on equity of 22.21% and a net margin of 5.75%.Dycom Industries’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.68 earnings per share. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. Equities analysts expect that Dycom Industries, Inc. will post 7.13 earnings per share for the current year.

Insider Activity

In related news, Director Eitan Gertel sold 3,645 shares of the firm’s stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $345.62, for a total transaction of $1,259,784.90. Following the completion of the sale, the director directly owned 15,997 shares in the company, valued at approximately $5,528,883.14. This trade represents a 18.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.72% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Root Financial Partners LLC acquired a new stake in Dycom Industries in the 3rd quarter valued at approximately $26,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Dycom Industries in the second quarter valued at approximately $32,000. Optiver Holding B.V. grew its stake in shares of Dycom Industries by 57.1% in the third quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock worth $32,000 after acquiring an additional 40 shares during the last quarter. Sound Income Strategies LLC bought a new position in Dycom Industries during the fourth quarter worth $32,000. Finally, CI Investments Inc. boosted its holdings in Dycom Industries by 259.4% in the 3rd quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock valued at $34,000 after purchasing an additional 83 shares during the period. 98.33% of the stock is owned by institutional investors.

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.