Penn Capital Management Company LLC Trims Stake in Dycom Industries, Inc. $DY

Penn Capital Management Company LLC lowered its position in Dycom Industries, Inc. (NYSE:DY) by 39.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,521 shares of the construction company’s stock after selling 33,623 shares during the quarter. Dycom Industries comprises about 1.4% of Penn Capital Management Company LLC’s portfolio, making the stock its 17th largest position. Penn Capital Management Company LLC’s holdings in Dycom Industries were worth $17,766,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Sound Income Strategies LLC bought a new position in shares of Dycom Industries in the fourth quarter worth about $32,000. Root Financial Partners LLC bought a new position in shares of Dycom Industries in the third quarter worth about $26,000. Optiver Holding B.V. grew its holdings in shares of Dycom Industries by 57.1% in the third quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock worth $32,000 after purchasing an additional 40 shares during the last quarter. CI Investments Inc. grew its holdings in shares of Dycom Industries by 259.4% in the third quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock worth $34,000 after purchasing an additional 83 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID bought a new position in shares of Dycom Industries in the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Dycom Industries Stock Up 2.5%

Shares of Dycom Industries stock opened at $421.68 on Wednesday. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.74 and a quick ratio of 2.61. Dycom Industries, Inc. has a 1 year low of $223.19 and a 1 year high of $464.82. The firm’s 50-day moving average is $392.07 and its two-hundred day moving average is $372.25. The stock has a market cap of $12.66 billion, a price-to-earnings ratio of 43.93, a PEG ratio of 0.94 and a beta of 1.46.

Dycom Industries (NYSE:DY) last issued its earnings results on Wednesday, March 4th. The construction company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.12. Dycom Industries had a net margin of 5.07% and a return on equity of 21.77%. The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the prior year, the business earned $1.17 EPS. The firm’s quarterly revenue was up 34.4% on a year-over-year basis. 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 12.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DY has been the topic of a number of research analyst reports. Cantor Fitzgerald restated an “overweight” rating and issued a $436.00 price target on shares of Dycom Industries in a report on Friday, March 27th. Bank of America upped their price target 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. Zacks Research upgraded shares of Dycom Industries from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. JPMorgan Chase & Co. upped their price target on shares of Dycom Industries from $395.00 to $415.00 and gave the stock an “overweight” rating in a report on Thursday, March 5th. Finally, KeyCorp lifted their target price on Dycom Industries from $426.00 to $482.00 and gave the company an “overweight” rating in a research report on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $431.64.

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.