25,751 Shares in Dycom Industries, Inc. $DY Acquired by CenterBook Partners LP

CenterBook Partners LP bought a new stake in Dycom Industries, Inc. (NYSE:DY) during the 3rd quarter, HoldingsChannel.com reports. The firm bought 25,751 shares of the construction company’s stock, valued at approximately $6,929,000.

A number of other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Dycom Industries during the second quarter worth approximately $1,513,523,000. Hill City Capital LP acquired a new stake in shares of Dycom Industries in the second quarter valued at approximately $510,536,693. Bank of America Corp DE purchased a new position in Dycom Industries during the second quarter worth approximately $270,174,000. Bank of New York Mellon Corp purchased a new position in Dycom Industries during the second quarter worth approximately $90,216,000. Finally, First Trust Advisors LP boosted its stake in Dycom Industries by 27.8% during the first quarter. First Trust Advisors LP now owns 798,699 shares of the construction company’s stock worth $270,615,000 after buying an additional 173,528 shares during the last quarter. 98.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DY has been the subject of several analyst reports. Raymond James Financial set a $375.00 target price on Dycom Industries in a report on Thursday, September 3rd. Oppenheimer assumed coverage on shares of Dycom Industries in a research report on Tuesday, October 27th. They set a “market perform” rating on the stock. KeyCorp upped their price objective on shares of Dycom Industries from $423.00 to $429.00 and gave the company an “overweight” rating in a report on Monday, September 21st. Zacks Research cut shares of Dycom Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Finally, Wall Street Zen downgraded shares of Dycom Industries from a “buy” rating to a “hold” rating in a research note on Saturday, October 31st. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Dycom Industries currently has an average rating of “Moderate Buy” and a consensus price target of $502.92.

Insider Transactions at Dycom Industries

In other Dycom Industries news, Director David Fallon acquired 700 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was purchased at an average cost of $286.92 per share, with a total value of $200,844.00. Following the transaction, the director owned 1,043 shares of the company’s stock, valued at $299,257.56. This trade represents a 204.08% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Carmen Sabater acquired 350 shares of Dycom Industries stock in a transaction that occurred on Wednesday, September 23rd. The stock was bought at an average price of $280.62 per share, for a total transaction of $98,217.00. Following the completion of the acquisition, the director owned 7,154 shares in the company, valued at $2,007,555.48. This trade represents a 5.14% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.22% of the stock is currently owned by company insiders.

Dycom Industries Trading Up 7.8%

Dycom Industries stock traded up $14.99 during mid-day trading on Friday, hitting $207.78. The company’s stock had a trading volume of 715,168 shares, compared to its average volume of 618,731. The firm has a market capitalization of $6.27 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 0.38 and a beta of 1.53. Dycom Industries, Inc. has a 1 year low of $186.25 and a 1 year high of $566.47. 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 stock’s fifty day moving average is $265.17 and its two-hundred day moving average is $374.63.

Dycom Industries (NYSE:DY) last posted its earnings results on Wednesday, August 26th. The construction company reported $5.29 EPS for the quarter, beating analysts’ consensus estimates of $4.72 by $0.57. Dycom Industries had a return on equity of 25.30% and a net margin of 4.79%. 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 business earned $3.33 earnings per share. The company’s revenue for the quarter was up 45.6% on a year-over-year basis. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. On average, analysts anticipate that Dycom Industries, Inc. will post 15.98 EPS for the current year.

Dycom Industries announced that its board has initiated a share repurchase plan on Wednesday, August 26th that authorizes the company to buy back $150 million in shares. This repurchase authorization authorizes the construction company to purchase up to 1.4% of its stock through open market purchases. Share repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Dycom Industries 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.