Dycom Industries, Inc. $DY Shares Sold by Engineers Gate Manager LP

Engineers Gate Manager LP reduced its holdings in Dycom Industries, Inc. (NYSE:DY) by 47.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 9,739 shares of the construction company’s stock after selling 8,864 shares during the period. Engineers Gate Manager LP’s holdings in Dycom Industries were worth $4,924,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada increased its stake in Dycom Industries by 50.1% during the 1st quarter. Royal Bank of Canada now owns 22,327 shares of the construction company’s stock valued at $7,566,000 after buying an additional 7,452 shares during the period. Norges Bank acquired a new stake in Dycom Industries during the fourth quarter valued at $19,335,000. Hillsdale Investment Management Inc. increased its stake in shares of Dycom Industries by 82,666.7% during the 4th quarter. Hillsdale Investment Management Inc. now owns 24,830 shares of the construction company’s stock worth $8,390,000 after purchasing an additional 24,800 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Dycom Industries by 6.1% during the 1st quarter. Bank of America Corp DE now owns 445,830 shares of the construction company’s stock valued at $151,056,000 after acquiring an additional 25,564 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Dycom Industries during the 4th quarter worth $1,693,000. 98.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on DY shares. KeyCorp reduced their target price on shares of Dycom Industries from $610.00 to $423.00 and set an “overweight” rating for the company in a research note on Thursday, August 27th. Wells Fargo & Company set a $476.00 target price on Dycom Industries in a research note on Thursday, August 27th. JPMorgan Chase & Co. lowered their target price on shares of Dycom Industries from $650.00 to $570.00 and set an “overweight” rating for the company in a report on Thursday, August 27th. UBS Group reduced their price objective on shares of Dycom Industries from $611.00 to $525.00 and set a “buy” rating on the stock in a research note on Thursday, August 27th. Finally, Weiss Ratings downgraded Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, August 31st. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $502.42.

Dycom Industries Price Performance

Shares of NYSE DY opened at $308.00 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 business has a 50-day moving average of $382.11 and a 200-day moving average of $405.00. The stock has a market capitalization of $9.29 billion, a price-to-earnings ratio of 28.03, a PEG ratio of 0.54 and a beta of 1.49. Dycom Industries, Inc. has a fifty-two week low of $250.82 and a fifty-two week high of $566.47.

Dycom Industries (NYSE:DY) last announced its quarterly earnings data 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 company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Dycom Industries had a return on equity of 25.30% and a net margin of 4.79%.The business’s revenue was up 45.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.33 EPS. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. As a group, sell-side analysts predict that Dycom Industries, Inc. will post 15.63 earnings per share for the current fiscal year.

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

Insider Activity at Dycom Industries

In other Dycom Industries news, Director David Fallon bought 700 shares of Dycom Industries stock in a transaction dated Tuesday, September 1st. The stock was bought at an average cost of $286.92 per share, for a total transaction of $200,844.00. Following the purchase, the director owned 1,043 shares of the company’s stock, valued at $299,257.56. The trade was a 204.08% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.22% of the company’s stock.

Dycom Industries Profile

Dycom Industries, Inc is a specialty contractor that provides infrastructure construction and maintenance services for the telecommunications and utility industries. The company supports the expansion, upgrade and upkeep of communications networks, including fiber-optic, broadband, wireless and other voice and data systems.

Its services include engineering and design, aerial and underground construction, fiber and cable installation, wireless infrastructure deployment, network maintenance, utility locating, vegetation management and emergency restoration.