Dycom Industries (NYSE:DY) Stock Price Down 6.3% – Time to Sell?

Dycom Industries, Inc. (NYSE:DY) traded down 6.3% during trading on Friday . The stock traded as low as $335.18 and last traded at $333.3030. 108,236 shares were traded during trading, a decline of 73% from the average session volume of 394,078 shares. The stock had previously closed at $355.60.

Analysts Set New Price Targets

A number of research analysts have weighed in on DY shares. B. Riley Financial raised their price target on Dycom Industries from $420.00 to $485.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Bank of America increased their price objective on Dycom Industries from $365.00 to $475.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. Wall Street Zen cut shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th. Guggenheim initiated coverage on shares of Dycom Industries in a report on Thursday, January 22nd. They set a “buy” rating and a $510.00 target price on the stock. Finally, KeyCorp upped their price target 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. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $431.64.

Dycom Industries Stock Down 5.4%

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 firm has a 50 day simple moving average of $384.69 and a 200-day simple moving average of $334.75. The stock has a market cap of $10.08 billion, a P/E ratio of 35.04, a price-to-earnings-growth ratio of 0.78 and a beta of 1.34.

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

Insider Transactions at Dycom Industries

In other Dycom Industries news, Director Eitan Gertel sold 3,645 shares of Dycom Industries 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 completion of the transaction, the director directly owned 15,997 shares of the company’s stock, valued at $5,528,883.14. The trade was a 18.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.72% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dycom Industries

Several large investors have recently modified their holdings of DY. &PARTNERS boosted its position in shares of Dycom Industries by 2.5% during the 4th quarter. &PARTNERS now owns 1,053 shares of the construction company’s stock worth $356,000 after purchasing an additional 26 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Dycom Industries by 17.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the construction company’s stock valued at $69,000 after buying an additional 30 shares in the last quarter. First Bank & Trust raised 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 worth $712,000 after buying an additional 33 shares during the period. Osaic Holdings Inc. raised its stake in Dycom Industries by 1.7% during the 4th quarter. Osaic Holdings Inc. now owns 2,062 shares of the construction company’s stock worth $697,000 after buying an additional 35 shares during the period. Finally, CWM LLC boosted its holdings in Dycom Industries by 1.9% in the fourth quarter. CWM LLC now owns 1,956 shares of the construction company’s stock worth $661,000 after acquiring an additional 36 shares in the last quarter. 98.33% of the stock is owned by institutional investors.

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.