Key Points
- Insider sale: Director Eitan Gertel sold 3,645 shares on Jan. 9 at an average price of $345.62 for $1,259,784.90, trimming his holding by 18.56% to 15,997 shares valued at about $5.53M.
- Earnings beat: Dycom reported quarterly EPS of $3.63 versus $3.15 expected and revenue of $1.45B versus $1.41B, with revenue up 14.2% year-over-year and a return on equity of 22.21%.
- Analyst sentiment: Several firms have raised price targets and issued buy/strong-buy ratings, leaving an average analyst target of $376.67 compared with the stock trading around $339 and a one-year high of $366.65.
Dycom Industries, Inc. (NYSE:DY - Get Free Report) Director Eitan Gertel sold 3,645 shares of the company's stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $345.62, for a total value of $1,259,784.90. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Dycom Industries Stock Performance
Dycom Industries stock opened at $339.04 on Friday. 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 one year low of $131.37 and a one year high of $366.65. The stock's 50 day moving average price is $332.91 and its 200 day moving average price is $290.34. The firm has a market capitalization of $9.82 billion, a PE ratio of 33.37, a price-to-earnings-growth ratio of 1.75 and a beta of 1.34.
Dycom Industries (NYSE:DY - Get Free Report) last posted its quarterly earnings data on Wednesday, November 19th. The construction company reported $3.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.15 by $0.48. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.41 billion. Dycom Industries had a net margin of 5.75% and a return on equity of 22.21%. The business's quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.68 earnings per share. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. As a group, sell-side analysts expect that Dycom Industries, Inc. will post 7.13 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on DY shares. B. Riley upped their price objective on shares of Dycom Industries from $320.00 to $420.00 and gave the company a "buy" rating in a research report on Friday, November 21st. Bank of America increased their price target on Dycom Industries from $310.00 to $365.00 and gave the company a "buy" rating in a report on Friday, November 21st. JPMorgan Chase & Co. lifted their price objective on Dycom Industries from $275.00 to $370.00 and gave the stock an "overweight" rating in a report on Thursday, November 20th. Wells Fargo & Company increased their target price on Dycom Industries from $315.00 to $360.00 and gave the company an "overweight" rating in a research note on Thursday, November 20th. Finally, Wall Street Zen upgraded shares of Dycom Industries from a "buy" rating to a "strong-buy" rating in a research note on Sunday, November 23rd. Two equities research analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $376.67.
View Our Latest Stock Report on DY
Institutional Investors Weigh In On Dycom Industries
A number of institutional investors have recently made changes to their positions in the company. Root Financial Partners LLC bought a new position in Dycom Industries during the third quarter worth $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Dycom Industries during the second quarter worth $32,000. Optiver Holding B.V. lifted 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 worth $32,000 after buying an additional 40 shares during the last quarter. CI Investments Inc. boosted its holdings in shares of Dycom Industries by 259.4% in the 3rd quarter. CI Investments Inc. now owns 115 shares of the construction company's stock valued at $34,000 after buying an additional 83 shares during the period. Finally, Salomon & Ludwin LLC bought a new stake in shares of Dycom Industries during the 3rd quarter valued at about $37,000. 98.33% of the stock is currently owned by institutional investors.
About Dycom Industries
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
