Kestra Investment Management LLC Buys New Position in Dycom Industries, Inc. $DY

Kestra Investment Management LLC bought a new position in shares of Dycom Industries, Inc. (NYSE:DY) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,016 shares of the construction company’s stock, valued at approximately $1,081,000.

A number of other institutional investors have also recently added to or reduced their stakes in DY. AlphaCore Capital LLC acquired a new position in shares of Dycom Industries during the 3rd quarter valued at $243,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Dycom Industries in the 3rd quarter worth $13,614,000. M Holdings Securities Inc. bought a new stake in shares of Dycom Industries in the 3rd quarter worth $672,000. Ethic Inc. lifted its holdings in shares of Dycom Industries by 65.4% in the third quarter. Ethic Inc. now owns 1,687 shares of the construction company’s stock valued at $454,000 after buying an additional 667 shares during the period. Finally, Alps Advisors Inc. lifted its holdings in shares of Dycom Industries by 13.5% in the third quarter. Alps Advisors Inc. now owns 5,774 shares of the construction company’s stock valued at $1,554,000 after buying an additional 689 shares during the period. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Dycom Industries Price Performance

NYSE DY opened at $218.24 on Wednesday. The stock has a market capitalization of $6.58 billion, a P/E ratio of 19.86, a P/E/G ratio of 0.37 and a beta of 1.53. Dycom Industries, Inc. has a 1 year low of $186.25 and a 1 year high of $566.47. The business’s fifty day moving average is $262.24 and its two-hundred day moving average is $373.06. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.24 and a current ratio of 2.35.

Dycom Industries (NYSE:DY) last announced its quarterly earnings data on Wednesday, August 26th. The construction company reported $5.29 EPS for the quarter, beating analysts’ consensus estimates of $4.72 by $0.57. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.98 billion. Dycom Industries had a return on equity of 25.30% and a net margin of 4.79%. The company’s quarterly revenue was up 45.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.33 EPS. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. On average, research analysts forecast that Dycom Industries, Inc. will post 15.98 earnings per share for the current fiscal year.

Dycom Industries announced that its board has approved a share repurchase plan on Wednesday, August 26th that permits the company to repurchase $150 million in shares. This buyback authorization permits the construction company to purchase up to 1.4% of its shares through open market purchases. Share buyback plans are often a sign that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In related news, Director David Fallon bought 700 shares of the business’s stock in a transaction dated Tuesday, September 1st. The shares were bought at an average cost of $286.92 per share, with a total value of $200,844.00. Following the completion of the transaction, the director directly owned 1,043 shares of the company’s stock, valued at approximately $299,257.56. This trade represents a 204.08% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Carmen Sabater bought 350 shares of Dycom Industries stock in a transaction dated Wednesday, September 23rd. The shares were bought at an average cost of $280.62 per share, with a total value of $98,217.00. Following the completion of the acquisition, the director owned 7,154 shares of the company’s stock, valued at $2,007,555.48. The trade was a 5.14% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.22% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. KeyCorp raised their target price on Dycom Industries from $423.00 to $429.00 and gave the company an “overweight” rating in a research note on Monday, September 21st. Wells Fargo & Company set a $476.00 target price on Dycom Industries in a report on Thursday, August 27th. Oppenheimer started coverage on shares of Dycom Industries in a research report on Tuesday, October 27th. They issued a “market perform” rating on the stock. Raymond James Financial set a $375.00 price target on shares of Dycom Industries in a report on Thursday, September 3rd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Dycom Industries from $650.00 to $570.00 and set an “overweight” rating for the company in a research report on Thursday, August 27th. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $502.92.

Dycom Industries Profile

Dycom Industries, Inc. is a specialty contracting company that builds and maintains communications infrastructure. Its customers include telecommunications providers, cable operators and utilities, primarily in the United States. The company provides engineering, design, construction, installation and maintenance services for broadband networks. Its work includes fiber-optic and other wireline systems, wireless infrastructure, and aerial and underground network construction. Founded in 1969, Dycom supports customers as they expand, upgrade and maintain their communications networks.