Dycom Industries (NYSE:DY) Director Acquires $200,844.00 in Stock

Dycom Industries, Inc. (NYSE:DY) Director David Fallon acquired 700 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were purchased at an average cost of $286.92 per share, for a total transaction of $200,844.00. Following the purchase, the director directly owned 1,043 shares in the company, valued at approximately $299,257.56. This trade represents a 204.08% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Dycom Industries Price Performance

NYSE:DY opened at $294.46 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.35 and a quick ratio of 2.24. The company has a 50 day moving average price of $403.13 and a 200-day moving average price of $410.08. Dycom Industries, Inc. has a 1-year low of $243.80 and a 1-year high of $566.47. The firm has a market cap of $8.88 billion, a price-to-earnings ratio of 26.79, a price-to-earnings-growth ratio of 0.52 and a beta of 1.49.

Dycom Industries (NYSE:DY) last announced its quarterly earnings results on Wednesday, August 26th. The construction company reported $5.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.72 by $0.57. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.98 billion. Dycom Industries had a net margin of 4.79% and a return on equity of 25.30%. The firm’s quarterly revenue was up 45.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.33 earnings per share. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. Equities research analysts forecast that Dycom Industries, Inc. will post 15.63 EPS for the current year.

Dycom Industries declared that its Board of Directors has authorized a share repurchase program on Wednesday, August 26th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the construction company to buy up to 1.4% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wilson Asset Management International PTY Ltd. acquired a new stake in Dycom Industries in the 4th quarter valued at about $1,014,000. Norges Bank acquired a new position in shares of Dycom Industries during the 4th quarter worth approximately $19,335,000. Horizon Investments LLC grew its position in shares of Dycom Industries by 43.0% in the fourth quarter. Horizon Investments LLC now owns 16,907 shares of the construction company’s stock valued at $5,713,000 after purchasing an additional 5,086 shares in the last quarter. Royal Bank of Canada grew its position in shares of Dycom Industries by 50.1% in the first quarter. Royal Bank of Canada now owns 22,327 shares of the construction company’s stock valued at $7,566,000 after purchasing an additional 7,452 shares in the last quarter. Finally, Hillsdale Investment Management Inc. increased its holdings in shares of Dycom Industries by 82,666.7% in the fourth quarter. Hillsdale Investment Management Inc. now owns 24,830 shares of the construction company’s stock valued at $8,390,000 after purchasing an additional 24,800 shares during the last quarter. 98.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DY has been the subject of several recent analyst reports. Guggenheim lifted their price target on Dycom Industries from $575.00 to $620.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. B. Riley Financial increased their price target on Dycom Industries from $485.00 to $625.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. UBS Group dropped their price objective on Dycom Industries from $611.00 to $525.00 and set a “buy” rating on the stock in a report on Thursday, August 27th. Wedbush set a $654.00 target price on Dycom Industries in a research note on Friday, May 29th. Finally, Weiss Ratings lowered Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Dycom Industries has a consensus rating of “Moderate Buy” and an average price target of $502.42.

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.