SteelPeak Wealth LLC Purchases New Position in Dycom Industries, Inc. $DY

SteelPeak Wealth LLC bought a new stake in shares of Dycom Industries, Inc. (NYSE:DY) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 6,534 shares of the construction company’s stock, valued at approximately $2,208,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Bank & Trust grew its stake in Dycom Industries by 1.6% during the 4th quarter. First Bank & Trust now owns 2,106 shares of the construction company’s stock valued at $712,000 after purchasing an additional 33 shares in the last quarter. Optiver Holding B.V. grew its position in shares of 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 buying an additional 40 shares during the last quarter. UMB Bank n.a. raised its position in shares of Dycom Industries by 57.3% during the 3rd quarter. UMB Bank n.a. now owns 129 shares of the construction company’s stock worth $38,000 after purchasing an additional 47 shares during the period. Archer Investment Corp lifted its stake in Dycom Industries by 7.1% in the third quarter. Archer Investment Corp now owns 739 shares of the construction company’s stock valued at $216,000 after buying an additional 49 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in Dycom Industries by 48.5% in the 3rd quarter. Bessemer Group Inc. now owns 150 shares of the construction company’s stock worth $43,000 after purchasing an additional 49 shares during the last quarter. 98.33% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Eitan Gertel sold 3,645 shares of Dycom Industries stock in a transaction that occurred 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 transaction, the director owned 15,997 shares of the company’s stock, valued at $5,528,883.14. This trade represents a 18.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.72% of the stock is owned by insiders.

Dycom Industries Price Performance

Dycom Industries stock opened at $348.18 on Friday. Dycom Industries, Inc. has a 12-month low of $131.37 and a 12-month high of $445.52. The business’s 50-day simple moving average is $380.43 and its 200 day simple moving average is $341.04. The company has a quick ratio of 2.61, a current ratio of 2.74 and a debt-to-equity ratio of 1.51. The stock has a market cap of $10.44 billion, a price-to-earnings ratio of 36.27, a P/E/G ratio of 0.81 and a beta of 1.38.

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

Analyst Upgrades and Downgrades

DY has been the topic of a number of recent analyst reports. Vertical Research assumed coverage on shares of Dycom Industries in a research note on Tuesday, December 23rd. They set a “buy” rating and a $420.00 price objective on the stock. Guggenheim started coverage on shares of Dycom Industries in a research report on Thursday, January 22nd. They set a “buy” rating and a $510.00 target price on the stock. Wall Street Zen downgraded Dycom Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th. Zacks Research lowered shares of Dycom Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th. Finally, Bank of America raised their price objective on shares of Dycom Industries from $365.00 to $475.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.