Insider Buying: Dycom Industries (NYSE:DY) Director Acquires $98,217.00 in Stock

Dycom Industries, Inc. (NYSE:DY) Director Carmen Sabater bought 350 shares of the 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 purchase, the director directly owned 7,154 shares in the company, valued at approximately $2,007,555.48. This represents a 5.14% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Dycom Industries Price Performance

Shares of DY traded down $8.30 during mid-day trading on Thursday, reaching $272.64. 544,801 shares of the stock traded hands, compared to its average volume of 510,310. The firm has a fifty day moving average price of $360.24 and a 200 day moving average price of $397.95. The company has a market cap of $8.22 billion, a price-to-earnings ratio of 24.81, a price-to-earnings-growth ratio of 0.48 and a beta of 1.49. 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, Inc. has a 1 year low of $266.84 and a 1 year high of $566.47.

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, topping analysts’ consensus estimates of $4.72 by $0.57. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.98 billion. Dycom Industries had a return on equity of 25.30% and a net margin of 4.79%.The firm’s revenue was up 45.6% compared to the same quarter last year. During the same quarter last year, the business posted $3.33 earnings per share. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. As a group, equities research analysts predict that Dycom Industries, Inc. will post 15.94 earnings per share for the current year.

Dycom Industries declared that its Board of Directors has authorized a share repurchase program on Wednesday, August 26th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the construction company to purchase up to 1.4% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Institutional Trading of Dycom Industries

Hedge funds and other institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its stake in Dycom Industries by 17.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the construction company’s stock worth $69,000 after purchasing an additional 30 shares during the last quarter. Legacy Wealth Managment LLC ID grew its stake 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 buying an additional 35 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its stake in shares of Dycom Industries by 4.0% during the first quarter. Fifth Third Wealth Advisors LLC now owns 943 shares of the construction company’s stock valued at $320,000 after buying an additional 36 shares during the last quarter. Triumph Capital Management increased its holdings in shares of 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 buying an additional 39 shares during the period. Finally, Arizona State Retirement System increased its holdings in shares of 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 buying an additional 44 shares during the period. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on DY shares. Zacks Research lowered shares of Dycom Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. UBS Group reissued a “buy” rating on shares of Dycom Industries in a report on Thursday, September 17th. Guggenheim reaffirmed a “buy” rating and set a $620.00 price objective on shares of Dycom Industries in a report on Thursday, September 17th. KeyCorp upped their target price on shares of Dycom Industries from $423.00 to $429.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Weiss Ratings cut Dycom Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, September 18th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Dycom Industries has a consensus rating of “Moderate Buy” and an average target price of $502.92.

Dycom Industries Company 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.