Bailard Inc. Sells 2,500 Shares of Dycom Industries, Inc. $DY

Bailard Inc. trimmed its position in Dycom Industries, Inc. (NYSE:DY) by 73.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 900 shares of the construction company’s stock after selling 2,500 shares during the quarter. Bailard Inc.’s holdings in Dycom Industries were worth $263,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. AlTi Global Inc. grew its holdings in shares of Dycom Industries by 20.7% during the 2nd quarter. AlTi Global Inc. now owns 13,097 shares of the construction company’s stock worth $3,201,000 after purchasing an additional 2,243 shares in the last quarter. Leuthold Group LLC acquired a new stake in Dycom Industries during the 2nd quarter worth approximately $3,762,000. Entropy Technologies LP raised its position in Dycom Industries by 378.1% during the 2nd quarter. Entropy Technologies LP now owns 7,826 shares of the construction company’s stock worth $1,913,000 after purchasing an additional 6,189 shares during the last quarter. Creative Planning lifted its position in shares of Dycom Industries by 88.7% in the 2nd quarter. Creative Planning now owns 12,195 shares of the construction company’s stock worth $2,980,000 after purchasing an additional 5,731 shares during the period. Finally, Greenleaf Trust acquired a new stake in Dycom Industries during the 2nd quarter worth about $246,000. 98.33% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DY has been the topic of a number of research analyst reports. Guggenheim began coverage on shares of Dycom Industries in a research report on Thursday. They set a “buy” rating and a $510.00 price objective on the stock. Wells Fargo & Company raised their price objective on shares of Dycom Industries from $315.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. B. Riley lifted their target price on Dycom Industries from $320.00 to $420.00 and gave the company a “buy” rating in a report on Friday, November 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Dycom Industries in a research note on Wednesday. Finally, Wall Street Zen upgraded Dycom Industries from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Dycom Industries has an average rating of “Buy” and a consensus price target of $392.70.

Insider Activity at Dycom Industries

In related news, Director Eitan Gertel sold 3,645 shares of the stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $345.62, for a total transaction of $1,259,784.90. Following the completion of the transaction, the director directly owned 15,997 shares of the company’s stock, valued at approximately $5,528,883.14. This represents a 18.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.72% of the company’s stock.

Dycom Industries Stock Down 3.0%

DY stock opened at $367.64 on Friday. The stock has a market cap of $10.65 billion, a P/E ratio of 36.18, a PEG ratio of 1.90 and a beta of 1.34. Dycom Industries, Inc. has a twelve month low of $131.37 and a twelve month high of $386.94. The business’s 50-day moving average price is $348.32 and its 200-day moving average price is $299.03. The company has a quick ratio of 2.90, a current ratio of 3.09 and a debt-to-equity ratio of 0.62.

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

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.