18,420 Shares in Dycom Industries, Inc. $DY Bought by Boothbay Fund Management LLC

Boothbay Fund Management LLC purchased a new stake in Dycom Industries, Inc. (NYSE:DY) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 18,420 shares of the construction company’s stock, valued at approximately $5,374,000. Boothbay Fund Management LLC owned about 0.06% of Dycom Industries at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new stake in shares of Dycom Industries during the third quarter worth about $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Dycom Industries in the 2nd quarter valued at about $32,000. Optiver Holding B.V. boosted its position in shares of Dycom Industries by 57.1% in 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. grew its stake in Dycom Industries by 259.4% during the 3rd quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock worth $34,000 after buying an additional 83 shares during the last quarter. Finally, Salomon & Ludwin LLC purchased a new position in Dycom Industries during the 3rd quarter worth approximately $37,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

Wall Street Analysts Forecast Growth

DY has been the subject of a number of research reports. KeyCorp boosted their price objective on Dycom Industries from $426.00 to $482.00 and gave the company an “overweight” rating in a research note on Thursday, March 5th. Cantor Fitzgerald assumed coverage on shares of Dycom Industries in a research report on Tuesday, March 10th. They set an “overweight” rating and a $436.00 target price on the stock. JPMorgan Chase & Co. upped their price target on shares of Dycom Industries from $395.00 to $415.00 and gave the company an “overweight” rating in a research report on Thursday, March 5th. DA Davidson increased their price target on shares of Dycom Industries from $300.00 to $390.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Finally, B. Riley Financial raised their price objective on shares of Dycom Industries from $420.00 to $485.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $431.64.

Dycom Industries Stock Down 2.7%

Dycom Industries stock opened at $347.53 on Monday. The stock has a 50 day moving average of $384.04 and a two-hundred day moving average of $331.78. Dycom Industries, Inc. has a twelve month low of $131.37 and a twelve month high of $445.52. The stock has a market capitalization of $10.42 billion, a price-to-earnings ratio of 36.20 and a beta of 1.34. The company has a current ratio of 2.74, a quick ratio of 2.61 and a debt-to-equity ratio of 1.51.

Dycom Industries (NYSE:DY) last released its earnings results on Wednesday, March 4th. The construction company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.12. Dycom Industries had a return on equity of 21.77% and a net margin of 5.07%.The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the company posted $1.17 earnings per share. The company’s revenue for the quarter 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. As a group, research analysts expect that Dycom Industries, Inc. will post 7.13 earnings per share for the current year.

Insider Transactions at Dycom Industries

In other Dycom Industries news, Director Eitan Gertel sold 3,645 shares of the business’s stock in a transaction on 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 transaction, the director directly owned 15,997 shares of the company’s stock, valued at approximately $5,528,883.14. The trade was a 18.56% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.72% of the company’s stock.

Dycom Industries Company Profile

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.