Dycom Industries, Inc. $DY Shares Newly Acquired by One Way Holdings LLC

One Way Holdings LLC bought a new position in shares of Dycom Industries, Inc. (NYSE:DY) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 16,372 shares of the construction company’s stock, valued at approximately $4,405,000.

Other institutional investors also recently modified their holdings of the company. MeadowBrook Investment Advisors LLC raised its position in shares of Dycom Industries by 37.0% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 1,243 shares of the construction company’s stock worth $334,000 after acquiring an additional 336 shares in the last quarter. State of Wyoming increased its stake in Dycom Industries by 222.6% during the 3rd quarter. State of Wyoming now owns 1,171 shares of the construction company’s stock valued at $315,000 after purchasing an additional 808 shares in the last quarter. Kingswood Wealth Advisors LLC raised its holdings in shares of Dycom Industries by 5.1% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 1,596 shares of the construction company’s stock worth $429,000 after acquiring an additional 77 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its position in shares of Dycom Industries by 16.5% during the third quarter. Fifth Third Wealth Advisors LLC now owns 1,270 shares of the construction company’s stock valued at $342,000 after buying an additional 180 shares during the last quarter. Finally, Inspire Investing LLC boosted its holdings in Dycom Industries by 67.5% during the 3rd quarter. Inspire Investing LLC now owns 10,498 shares of the construction company’s stock worth $2,825,000 after acquiring an additional 4,231 shares during the last quarter. 98.33% of the stock is owned by institutional investors.

Dycom Industries Stock Performance

Shares of DY stock opened at $227.42 on Monday. The firm has a market capitalization of $6.86 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 0.39 and a beta of 1.53. The stock has a fifty day moving average of $278.94 and a 200 day moving average of $378.40. Dycom Industries, Inc. has a 52 week low of $215.28 and a 52 week high of $566.47. The company has a quick ratio of 2.24, a current ratio of 2.35 and a debt-to-equity ratio of 1.35.

Dycom Industries (NYSE:DY) last issued its quarterly earnings data on Wednesday, August 26th. The construction company reported $5.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.72 by $0.57. Dycom Industries had a net margin of 4.79% and a return on equity of 25.30%. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the firm earned $3.33 EPS. The company’s quarterly revenue was up 45.6% compared to the same quarter last year. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. As a group, research analysts expect that Dycom Industries, Inc. will post 15.98 earnings per share for the current year.

Dycom Industries announced that its board has authorized a stock buyback plan on Wednesday, August 26th that permits the company to buy back $150 million in shares. This buyback authorization permits the construction company to purchase up to 1.4% of its shares through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In related news, Director Carmen M. Sabater acquired 350 shares of the stock in a transaction on Wednesday, September 23rd. The stock was acquired at an average cost of $280.62 per share, for a total transaction of $98,217.00. Following the completion of the acquisition, the director directly owned 7,154 shares of the company’s stock, valued at approximately $2,007,555.48. This represents a 5.14% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Fallon acquired 700 shares of the business’s stock in a transaction on 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 completion of the transaction, the director owned 1,043 shares in the company, valued at approximately $299,257.56. This represents a 204.08% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.22% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on DY shares. Wall Street Zen downgraded Dycom Industries from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research downgraded shares of Dycom Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $476.00 price target on shares of Dycom Industries in a report on Friday, October 9th. Guggenheim restated a “buy” rating and set a $620.00 price target on shares of Dycom Industries in a research report on Thursday, September 17th. Finally, UBS Group reaffirmed a “buy” rating on shares of Dycom Industries in a report on Thursday, September 17th. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Dycom Industries currently has a consensus rating of “Moderate Buy” and an average target price of $502.92.

Dycom Industries Profile

Dycom Industries, Inc is a specialty contracting company that provides infrastructure services to telecommunications providers, utilities, cable and broadband companies, and government agencies. Headquartered in Palm Beach Gardens, Florida, the company operates primarily across the United States.

Its services include engineering, construction, installation, maintenance, and repair of telecommunications infrastructure. Dycom supports the deployment of fiber-optic networks, broadband systems, wireless networks, underground and aerial lines, and other communications facilities.