Eitan Gertel Sells 3,645 Shares of Dycom Industries (NYSE:DY) Stock

Dycom Industries, Inc. (NYSE:DY) Director Eitan Gertel sold 3,645 shares of the firm’s stock in a transaction on Friday, January 9th. The shares were sold at an average price of $345.62, for a total transaction of $1,259,784.90. Following the sale, the director owned 15,997 shares in the company, valued at approximately $5,528,883.14. This trade represents a 18.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Dycom Industries Stock Down 0.2%

Shares of NYSE:DY opened at $339.04 on Friday. The firm has a market capitalization of $9.82 billion, a PE ratio of 33.37, a price-to-earnings-growth ratio of 1.74 and a beta of 1.34. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.90 and a current ratio of 3.09. Dycom Industries, Inc. has a 52-week low of $131.37 and a 52-week high of $366.65. The firm has a fifty day moving average of $332.91 and a 200 day moving average of $290.70.

Dycom Industries (NYSE:DY) last released its quarterly earnings results on Wednesday, November 19th. The construction company reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.48. Dycom Industries had a return on equity of 22.21% and a net margin of 5.75%.The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the business posted $2.68 earnings per share. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. As a group, research analysts anticipate that Dycom Industries, Inc. will post 7.13 EPS for the current fiscal year.

Institutional Investors Weigh In On Dycom Industries

Large investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC bought a new position in shares of Dycom Industries during the third quarter valued at about $26,000. Twin Peaks Wealth Advisors LLC purchased a new position in Dycom Industries during the 2nd quarter valued at about $32,000. Optiver Holding B.V. increased its holdings in Dycom Industries by 57.1% during the 3rd quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock valued at $32,000 after purchasing an additional 40 shares during the period. CI Investments Inc. raised its position in Dycom Industries by 259.4% during the 3rd quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock valued at $34,000 after purchasing an additional 83 shares during the last quarter. Finally, Salomon & Ludwin LLC purchased a new stake in Dycom Industries in the 3rd quarter worth approximately $37,000. Institutional investors own 98.33% of the company’s stock.

Analyst Upgrades and Downgrades

DY has been the topic of several research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Dycom Industries in a research note on Wednesday, October 8th. Zacks Research raised shares of Dycom Industries from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. JPMorgan Chase & Co. lifted their target price on shares of Dycom Industries from $275.00 to $370.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. Bank of America boosted their price target on shares of Dycom Industries from $310.00 to $365.00 and gave the stock a “buy” rating in a research note on Friday, November 21st. Finally, Vertical Research began coverage on Dycom Industries in a research note on Tuesday, December 23rd. They set a “buy” rating and a $420.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. According to data from MarketBeat.com, Dycom Industries currently has a consensus rating of “Buy” and a consensus price target of $376.67.

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.