Dycom Industries (NYSE:DY) Hits New 52-Week Low – Should You Sell?

Dycom Industries, Inc. (NYSE:DY) shares hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $214.37 and last traded at $214.1780, with a volume of 222,977 shares trading hands. The stock had previously closed at $228.21.

Wall Street Analysts Forecast Growth

DY has been the topic of several recent analyst reports. KeyCorp increased their price target 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. Oppenheimer began coverage on shares of Dycom Industries in a research report on Tuesday, October 27th. They set a “market perform” rating for the company. Raymond James Financial set a $375.00 target price on shares of Dycom Industries in a report on Thursday, September 3rd. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $476.00 target price on shares of Dycom Industries in a research report on Friday, October 9th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Dycom Industries from $650.00 to $570.00 and set an “overweight” rating on the stock in a research report on Thursday, August 27th. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $502.92.

Dycom Industries Price Performance

The company has a current ratio of 2.35, a quick ratio of 2.24 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $6.27 billion, a PE ratio of 18.91, a P/E/G ratio of 0.36 and a beta of 1.53. The company has a fifty day moving average price of $267.18 and a two-hundred day moving average price of $375.42.

Dycom Industries (NYSE:DY) last released its quarterly earnings results 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 firm 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 quarterly revenue was up 45.6% compared to the same quarter last year. During the same quarter last year, the business posted $3.33 EPS. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. Sell-side analysts forecast that Dycom Industries, Inc. will post 15.98 earnings per share for the current year.

Dycom Industries announced that its Board of Directors has authorized a share buyback program on Wednesday, August 26th that allows the company to repurchase $150 million in outstanding 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.

Insiders Place Their Bets

In other Dycom Industries news, Director David Fallon bought 700 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was acquired at an average price of $286.92 per share, for a total transaction of $200,844.00. Following the completion of the purchase, the director 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carmen M. Sabater purchased 350 shares of the stock in a transaction that occurred on Wednesday, September 23rd. The shares were bought at an average cost of $280.62 per share, for a total transaction of $98,217.00. Following the acquisition, the director owned 7,154 shares of the company’s stock, valued at approximately $2,007,555.48. The trade was a 5.14% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.22% of the company’s stock.

Institutional Trading of Dycom Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in DY. Legacy Wealth Managment LLC ID grew its holdings in shares of Dycom Industries by 30.4% in 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 during the period. Triumph Capital Management raised its holdings in Dycom Industries by 4.1% during 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 raised its holdings in Dycom Industries by 0.5% during 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 boosted its position in 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 boosted its position in 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 owned by hedge funds and other institutional investors.

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.