Interval Partners LP Sells 20,315 Shares of Dycom Industries, Inc. $DY

Interval Partners LP trimmed its position in Dycom Industries, Inc. (NYSE:DY) by 36.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,510 shares of the construction company’s stock after selling 20,315 shares during the quarter. Interval Partners LP owned about 0.12% of Dycom Industries worth $10,360,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Root Financial Partners LLC bought a new position in shares of Dycom Industries in the third quarter worth approximately $26,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Dycom Industries in the second quarter worth $32,000. Optiver Holding B.V. raised 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 purchasing an additional 40 shares during the period. CI Investments Inc. raised its position in shares of Dycom Industries by 259.4% during the 3rd quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock valued at $34,000 after purchasing an additional 83 shares during the period. Finally, Salomon & Ludwin LLC purchased a new position in shares of Dycom Industries during the 3rd quarter valued at $37,000. Institutional investors own 98.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. KeyCorp upped their target price on shares of Dycom Industries from $426.00 to $482.00 and gave the stock an “overweight” rating in a report on Thursday, March 5th. DA Davidson boosted their price objective on Dycom Industries from $300.00 to $390.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Zacks Research lowered Dycom Industries from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. UBS Group set a $475.00 target price on Dycom Industries and gave the stock a “buy” rating in a research report on Friday, March 6th. Finally, Guggenheim began coverage on Dycom Industries in a research note on Thursday, January 22nd. They set a “buy” rating and a $510.00 target price on the stock. One 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 stock. According to data from MarketBeat.com, Dycom Industries has a consensus rating of “Moderate Buy” and an average target price of $431.64.

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 Performance

Shares of NYSE DY opened at $347.53 on Friday. The company has a market cap of $10.42 billion, a P/E ratio of 36.20, a P/E/G ratio of 1.23 and a beta of 1.34. Dycom Industries, Inc. has a 52-week low of $131.37 and a 52-week high of $445.52. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.61 and a current ratio of 2.74. The firm’s fifty day moving average is $384.04 and its two-hundred day moving average is $330.73.

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

Dycom Industries 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.