Dycom Industries, Inc. $DY Shares Newly Bought by M Holdings Securities Inc.

M Holdings Securities Inc. purchased a new stake in shares of Dycom Industries, Inc. (NYSE:DY) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,497 shares of the construction company’s stock, valued at approximately $672,000.

Other large investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC bought a new stake in shares of Dycom Industries in the 3rd quarter worth approximately $31,000. Allworth Financial LP bought a new stake in shares of Dycom Industries during the second quarter valued at approximately $35,000. 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 valued at $37,000 after purchasing an additional 51 shares during the period. Legacy Wealth Managment LLC ID increased its position in shares of Dycom Industries by 30.4% during the first quarter. Legacy Wealth Managment LLC ID now owns 150 shares of the construction company’s stock valued at $51,000 after purchasing an additional 35 shares during the period. Finally, Harbor Investment Advisory LLC acquired a new position in shares of Dycom Industries in the second quarter valued at $52,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on DY shares. Cantor Fitzgerald restated an “overweight” rating and issued a $476.00 price objective on shares of Dycom Industries in a research note on Friday, October 9th. Raymond James Financial set a $375.00 target price on shares of Dycom Industries in a research report on Thursday, September 3rd. KeyCorp upped their target price on shares of Dycom Industries from $423.00 to $429.00 and gave the company an “overweight” rating in a research note on Monday, September 21st. JPMorgan Chase & Co. dropped their price target on shares of Dycom Industries from $650.00 to $570.00 and set an “overweight” rating for the company in a research report on Thursday, August 27th. Finally, Wells Fargo & Company set a $476.00 price target on shares of Dycom Industries in a research note on Thursday, August 27th. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $502.92.

Insider Activity

In other news, Director David Fallon purchased 700 shares of Dycom Industries 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 directly owned 1,043 shares in the company, valued at approximately $299,257.56. This represents a 204.08% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carmen Sabater purchased 350 shares of Dycom Industries stock in a transaction on Wednesday, September 23rd. The stock was purchased at an average price of $280.62 per share, for a total transaction of $98,217.00. Following the completion of the transaction, the director owned 7,154 shares of the company’s stock, valued at approximately $2,007,555.48. This represents a 5.14% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 1.22% of the company’s stock.

Dycom Industries Stock Down 0.8%

Shares of NYSE DY opened at $218.24 on Wednesday. The stock has a market cap of $6.58 billion, a PE ratio of 19.86, a PEG ratio of 0.37 and a beta of 1.53. The business has a fifty day moving average of $262.24 and a two-hundred day moving average of $373.06. Dycom Industries, Inc. has a 52-week low of $186.25 and a 52-week high of $566.47. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.24 and a current ratio of 2.35.

Dycom Industries (NYSE:DY) last issued its earnings results on Wednesday, August 26th. The construction company reported $5.29 EPS for the quarter, beating 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 company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the company earned $3.33 EPS. The firm’s revenue for the quarter 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, equities research analysts expect that Dycom Industries, Inc. will post 15.98 earnings per share for the current fiscal year.

Dycom Industries announced that its board has approved a share buyback program on Wednesday, August 26th that allows the company to buy back $150 million in shares. This buyback authorization allows the construction company to reacquire up to 1.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

About Dycom Industries

Dycom Industries, Inc. is a specialty contracting company that builds and maintains communications infrastructure. Its customers include telecommunications providers, cable operators and utilities, primarily in the United States. The company provides engineering, design, construction, installation and maintenance services for broadband networks. Its work includes fiber-optic and other wireline systems, wireless infrastructure, and aerial and underground network construction. Founded in 1969, Dycom supports customers as they expand, upgrade and maintain their communications networks.