Eitan Gertel Sells 3,645 Shares of Dycom Industries (NYSE:DY) Stock

Dycom Industries, Inc. (NYSE:DY) Director Eitan Gertel sold 3,645 shares of the business’s stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $345.62, for a total value of $1,259,784.90. Following the sale, the director directly owned 15,997 shares in the company, valued at $5,528,883.14. This trade represents a 18.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Dycom Industries Price Performance

DY stock traded down $0.64 during midday trading on Friday, hitting $339.04. 226,948 shares of the stock were exchanged, compared to its average volume of 294,256. The stock’s 50-day moving average price is $331.88 and its 200-day moving average price is $289.62. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.90 and a current ratio of 3.09. The stock has a market cap of $9.82 billion, a price-to-earnings ratio of 33.37, a PEG ratio of 1.83 and a beta of 1.34. Dycom Industries, Inc. has a fifty-two week low of $131.37 and a fifty-two week high of $366.65.

Dycom Industries (NYSE:DY) last announced 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. Dycom Industries had a return on equity of 22.21% and a net margin of 5.75%.The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter last year, the business posted $2.68 earnings per share. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. Research analysts predict that Dycom Industries, Inc. will post 7.13 earnings per share for the current year.

Hedge Funds Weigh In On Dycom Industries

Several institutional investors have recently added to or reduced their stakes in the business. Peconic Partners LLC lifted its position in Dycom Industries by 2.8% during the second quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock worth $933,038,000 after buying an additional 105,586 shares during the period. Millennium Management LLC increased its stake in shares of Dycom Industries by 21.0% during the 3rd quarter. Millennium Management LLC now owns 1,324,938 shares of the construction company’s stock valued at $386,564,000 after acquiring an additional 229,579 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Dycom Industries by 6.8% during the 3rd quarter. First Trust Advisors LP now owns 604,865 shares of the construction company’s stock worth $176,475,000 after acquiring an additional 38,472 shares during the period. Nordea Investment Management AB boosted its position in shares of Dycom Industries by 5,603.6% in the fourth quarter. Nordea Investment Management AB now owns 405,580 shares of the construction company’s stock worth $139,057,000 after acquiring an additional 398,469 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in Dycom Industries by 15.2% in the third quarter. Bank of America Corp DE now owns 354,225 shares of the construction company’s stock valued at $103,349,000 after purchasing an additional 46,680 shares during the period. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DY has been the topic of several research reports. Wells Fargo & Company increased their price target on shares of Dycom Industries from $315.00 to $360.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. Bank of America upped their target price on Dycom Industries from $310.00 to $365.00 and gave the company a “buy” rating in a research note on Friday, November 21st. KeyCorp raised their price target on Dycom Industries from $320.00 to $392.00 and gave the stock an “overweight” rating in a research report on Friday, November 21st. B. Riley boosted their price target on Dycom Industries from $320.00 to $420.00 and gave the stock a “buy” rating in a report on Friday, November 21st. Finally, Wall Street Zen raised Dycom Industries from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 23rd. Two investment analysts have rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $376.67.

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.