25,751 Shares of Dycom Industries, Inc. $DY Acquired by CenterBook Partners LP

CenterBook Partners LP purchased a new stake in Dycom Industries, Inc. (NYSE:DY) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 25,751 shares of the construction company’s stock, valued at approximately $6,929,000. CenterBook Partners LP owned approximately 0.09% of Dycom Industries as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Legacy Wealth Managment LLC ID raised its stake in shares of Dycom Industries by 30.4% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 150 shares of the construction company’s stock worth $51,000 after acquiring an additional 35 shares in the last quarter. Triumph Capital Management grew its holdings in Dycom Industries by 4.1% in the second quarter. Triumph Capital Management now owns 996 shares of the construction company’s stock worth $504,000 after purchasing an additional 39 shares during the last quarter. Arizona State Retirement System grew its holdings in Dycom Industries by 0.5% in the second quarter. Arizona State Retirement System now owns 8,283 shares of the construction company’s stock worth $4,188,000 after purchasing an additional 44 shares during the last quarter. Somerset Trust Co increased its position in shares of Dycom Industries by 0.7% during the second quarter. Somerset Trust Co now owns 6,285 shares of the construction company’s stock worth $3,178,000 after purchasing an additional 45 shares in the last quarter. Finally, Covestor Ltd increased its position in shares of Dycom Industries by 58.6% during the third quarter. Covestor Ltd now owns 138 shares of the construction company’s stock worth $37,000 after purchasing an additional 51 shares in the last quarter. 98.33% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Dycom Industries news, Director Carmen Sabater acquired 350 shares of the company’s stock in a transaction on Wednesday, September 23rd. The shares were bought at an average cost of $280.62 per share, with a total value of $98,217.00. Following the completion of the acquisition, the director owned 7,154 shares in the company, valued at approximately $2,007,555.48. This trade represents a 5.14% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David Fallon acquired 700 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was acquired at an average price of $286.92 per share, with a total value of $200,844.00. Following the completion of the transaction, the director directly owned 1,043 shares of the company’s stock, valued at approximately $299,257.56. This represents a 204.08% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 1.22% of the company’s stock.

Dycom Industries Stock Performance

Dycom Industries stock traded up $14.99 during mid-day trading on Friday, hitting $207.78. The company had a trading volume of 715,168 shares, compared to its average volume of 618,731. The company’s fifty day moving average is $265.17 and its 200-day moving average is $374.63. The company has a market capitalization of $6.27 billion, a price-to-earnings ratio of 18.91, a P/E/G ratio of 0.38 and a beta of 1.53. Dycom Industries, Inc. has a 12-month low of $186.25 and a 12-month high of $566.47. The company has a current ratio of 2.35, a quick ratio of 2.24 and a debt-to-equity ratio of 1.35.

Dycom Industries (NYSE:DY) last posted its earnings results on Wednesday, August 26th. The construction company reported $5.29 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $1.98 billion. During the same period in the prior year, the company posted $3.33 EPS. The company’s revenue for the quarter was up 45.6% on a year-over-year basis. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. Equities research analysts predict that Dycom Industries, Inc. will post 15.98 EPS for the current year.

Dycom Industries announced that its board has approved a share repurchase program on Wednesday, August 26th that authorizes the company to repurchase $150 million in outstanding shares. This buyback authorization authorizes the construction company to purchase up to 1.4% of its shares through open market purchases. Share buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

DY has been the subject of a number of recent analyst reports. Raymond James Financial set a $375.00 price objective on Dycom Industries in a research report on Thursday, September 3rd. Zacks Research lowered Dycom Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Oppenheimer initiated coverage on Dycom Industries in a report on Tuesday, October 27th. They issued a “market perform” rating for the company. Guggenheim restated a “buy” rating and set a $620.00 price target on shares of Dycom Industries in a research note on Thursday, September 17th. Finally, KeyCorp increased their price objective on shares of Dycom Industries from $423.00 to $429.00 and gave the company an “overweight” rating in a research report on Monday, September 21st. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $502.92.

Dycom Industries Company 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.