David Joseph Fallon Buys 700 Shares of Dycom Industries (NYSE:DY) Stock

Dycom Industries, Inc. (NYSE:DY) Director David Joseph Fallon purchased 700 shares of the stock in a transaction on Tuesday, September 1st. The stock was acquired at an average cost of $286.92 per share, with a total value of $200,844.00. Following the acquisition, 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Dycom Industries Price Performance

Shares of DY stock opened at $296.88 on Thursday. Dycom Industries, Inc. has a fifty-two week low of $243.80 and a fifty-two 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. The firm has a market capitalization of $8.95 billion, a price-to-earnings ratio of 27.01, a PEG ratio of 0.50 and a beta of 1.49. The stock’s 50-day simple moving average is $407.07 and its 200-day simple moving average is $411.02.

Dycom Industries (NYSE:DY) last announced its quarterly earnings data on Wednesday, August 26th. The construction company reported $5.29 EPS for the quarter, beating the consensus estimate of $4.72 by $0.57. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.98 billion. Dycom Industries had a net margin of 4.79% and a return on equity of 25.30%. Dycom Industries’s revenue was up 45.6% on a year-over-year basis. During the same period last year, the firm posted $3.33 EPS. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. As a group, equities analysts forecast that Dycom Industries, Inc. will post 15.63 earnings per share for the current fiscal year.

Dycom Industries declared that its board has initiated a share buyback program on Wednesday, August 26th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the construction company to buy up to 1.4% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Cantor Fitzgerald cut their target price on Dycom Industries from $654.00 to $476.00 and set an “overweight” rating on the stock in a research report on Thursday, August 27th. KeyCorp lowered their price target on Dycom Industries from $610.00 to $423.00 and set an “overweight” rating for the company in a research report on Thursday, August 27th. B. Riley Financial increased their price objective on Dycom Industries from $485.00 to $625.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Wedbush set a $654.00 price objective on Dycom Industries in a research note on Friday, May 29th. Finally, Guggenheim raised their price target on shares of Dycom Industries from $575.00 to $620.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $514.00.

Institutional Investors Weigh In On Dycom Industries

A number of hedge funds have recently modified their holdings of the business. Kemnay Advisory Services Inc. acquired a new position in Dycom Industries during the fourth quarter worth about $30,000. Allworth Financial LP acquired a new stake in shares of Dycom Industries in the second quarter valued at approximately $35,000. Acumen Wealth Advisors LLC acquired a new stake in shares of Dycom Industries in the fourth quarter valued at approximately $35,000. Legacy Wealth Managment LLC ID purchased a new position in Dycom Industries during the fourth quarter worth approximately $39,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Dycom Industries by 73.1% during the second quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock worth $39,000 after buying an additional 68 shares during the last quarter. 98.33% of the stock is currently owned by institutional investors and hedge funds.

About Dycom Industries

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.