Dycom Industries, Inc. $DY Shares Sold by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. reduced its position in Dycom Industries, Inc. (NYSE:DY) by 5.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,092 shares of the construction company’s stock after selling 3,149 shares during the quarter. Pinnacle Associates Ltd. owned about 0.19% of Dycom Industries worth $15,782,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Archer Investment Corp boosted its position in shares of Dycom Industries by 6.2% in the 2nd quarter. Archer Investment Corp now owns 690 shares of the construction company’s stock worth $169,000 after purchasing an additional 40 shares in the last quarter. Optiver Holding B.V. grew its stake in Dycom Industries by 57.1% during the 3rd quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock worth $32,000 after buying an additional 40 shares during the last quarter. Quadrant Capital Group LLC increased its position in Dycom Industries by 1.0% during the 2nd quarter. Quadrant Capital Group LLC now owns 4,492 shares of the construction company’s stock valued at $1,098,000 after buying an additional 46 shares in the last quarter. UMB Bank n.a. increased its position in Dycom Industries by 57.3% during the 3rd quarter. UMB Bank n.a. now owns 129 shares of the construction company’s stock valued at $38,000 after buying an additional 47 shares in the last quarter. Finally, Bessemer Group Inc. raised its stake in Dycom Industries by 48.5% in the third quarter. Bessemer Group Inc. now owns 150 shares of the construction company’s stock valued at $43,000 after buying an additional 49 shares during the last quarter. 98.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DY has been the subject of several recent analyst reports. Wall Street Zen downgraded Dycom Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday. KeyCorp increased their price objective on shares of Dycom Industries from $426.00 to $482.00 and gave the company an “overweight” rating in a research report on Thursday. Bank of America lifted their target price on shares of Dycom Industries from $365.00 to $475.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. JPMorgan Chase & Co. boosted their target price on shares of Dycom Industries from $395.00 to $415.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, UBS Group set a $475.00 price target on shares of Dycom Industries and gave the company a “buy” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $431.20.

Insiders Place Their Bets

In other Dycom Industries 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 transaction, the director directly owned 15,997 shares of the company’s stock, valued at approximately $5,528,883.14. This trade represents a 18.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 3.72% of the company’s stock.

Trending Headlines about Dycom Industries

Here are the key news stories impacting Dycom Industries this week:

• Positive Sentiment: Multiple broker upgrades and higher targets — B. Riley raised its target to $485 (buy), KeyCorp raised its target to $482 (overweight) and JPMorgan boosted its target to $415 (overweight), signaling analyst conviction in continued growth upside. Benzinga
• Positive Sentiment: Q4 results topped expectations: Dycom reported record contract revenue, adjusted earnings and adjusted EBITDA above consensus, and reiterated a strong growth outlook in the earnings call — fundamental beats underpin the bullish analyst moves. Earnings Call Summary
• Neutral Sentiment: Brokerage consensus remains constructive but measured — services aggregators show a “Moderate Buy” consensus, reflecting optimism tempered by valuation and execution risk. Consensus Article
• Neutral Sentiment: Earnings materials and presentation released for Q4 provide additional detail on backlog, margins and guidance — useful for investors evaluating revenue mix and margin cadence. Earnings Presentation
• Negative Sentiment: Market reaction: some outlets note the stock moved lower despite the beats — suggesting profit-taking and short-term investor concern about near-term valuation after a recent run-up. Zacks

Dycom Industries Stock Down 3.4%

Dycom Industries stock opened at $357.34 on Monday. The business’s 50-day simple moving average is $382.34 and its two-hundred day simple moving average is $328.20. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.61 and a current ratio of 2.74. The company has a market cap of $10.35 billion, a PE ratio of 37.22, a PEG ratio of 1.22 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 $445.52.

Dycom Industries (NYSE:DY) last announced its quarterly earnings data on Wednesday, March 4th. The construction company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.12. Dycom Industries had a return on equity of 21.77% and a net margin of 5.07%.The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period last year, the business posted $1.17 earnings per share. The company’s revenue for the quarter was up 34.4% compared to the same quarter last year. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. Equities analysts anticipate that Dycom Industries, Inc. will post 7.13 EPS for the current year.

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.