Aventail Capital Group LP Invests $5.29 Million in Dycom Industries, Inc. $DY

Aventail Capital Group LP purchased a new position in shares of Dycom Industries, Inc. (NYSE:DY) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 18,115 shares of the construction company’s stock, valued at approximately $5,285,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. California Public Employees Retirement System purchased a new stake in Dycom Industries during the 3rd quarter valued at approximately $12,762,000. Bank of America Corp DE lifted its position in Dycom Industries by 15.2% during the 3rd quarter. Bank of America Corp DE now owns 354,225 shares of the construction company’s stock worth $103,349,000 after acquiring an additional 46,680 shares during the period. Boothbay Fund Management LLC purchased a new position in shares of Dycom Industries in the 3rd quarter valued at approximately $5,374,000. Algert Global LLC grew its stake in shares of Dycom Industries by 11.9% in the 3rd quarter. Algert Global LLC now owns 50,318 shares of the construction company’s stock valued at $14,681,000 after purchasing an additional 5,355 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of Dycom Industries by 11.2% in the third quarter. Alliancebernstein L.P. now owns 40,215 shares of the construction company’s stock valued at $11,733,000 after purchasing an additional 4,045 shares during the period. Institutional investors and hedge funds own 98.33% of the company’s stock.

Insider Buying and Selling at Dycom Industries

In other news, Director Eitan Gertel sold 3,645 shares of the stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $345.62, for a total value of $1,259,784.90. Following the completion of the transaction, the director owned 15,997 shares in the company, valued at $5,528,883.14. This trade represents a 18.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.72% of the stock is currently owned by company insiders.

Dycom Industries Stock Down 2.7%

Dycom Industries stock opened at $347.53 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.74 and a quick ratio of 2.61. Dycom Industries, Inc. has a 1-year low of $131.37 and a 1-year high of $445.52. The company has a market cap of $10.42 billion, a PE ratio of 36.20, a price-to-earnings-growth ratio of 1.19 and a beta of 1.34. The stock’s 50 day moving average price is $384.04 and its 200 day moving average price is $331.25.

Dycom Industries (NYSE:DY) last released its quarterly earnings data on Wednesday, March 4th. The construction company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.12. Dycom Industries had a return on equity of 21.77% and a net margin of 5.07%.The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the prior year, the business posted $1.17 earnings per share. Dycom Industries’s revenue was up 34.4% compared to the same quarter last year. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. On average, sell-side analysts predict that Dycom Industries, Inc. will post 7.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on DY shares. Bank of America upped their price target on Dycom Industries from $365.00 to $475.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Zacks Research cut shares of Dycom Industries from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. KeyCorp upped their price objective on shares of Dycom Industries from $426.00 to $482.00 and gave the stock an “overweight” rating in a research report on Thursday, March 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Dycom Industries in a report on Wednesday, January 21st. Finally, Vertical Research started coverage on shares of Dycom Industries in a research note on Tuesday, December 23rd. They set a “buy” rating and a $420.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $431.64.

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.