Dycom Industries, Inc. $DY Shares Sold by Penn Capital Management Company LLC

Penn Capital Management Company LLC reduced its holdings in Dycom Industries, Inc. (NYSE:DY) by 7.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 86,144 shares of the construction company’s stock after selling 6,997 shares during the quarter. Dycom Industries accounts for about 1.9% of Penn Capital Management Company LLC’s investment portfolio, making the stock its largest holding. Penn Capital Management Company LLC’s holdings in Dycom Industries were worth $25,160,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Millennium Management LLC lifted its holdings in shares of Dycom Industries by 21.0% during the 3rd quarter. Millennium Management LLC now owns 1,324,938 shares of the construction company’s stock valued at $386,564,000 after purchasing an additional 229,579 shares in the last quarter. Alyeska Investment Group L.P. bought a new stake in Dycom Industries during the 3rd quarter worth approximately $44,553,000. Bornite Capital Management LP acquired a new stake in Dycom Industries during the 3rd quarter worth approximately $43,764,000. Arrowstreet Capital Limited Partnership acquired a new stake in Dycom Industries during the 2nd quarter worth approximately $34,671,000. Finally, Cartenna Capital LP bought a new position in Dycom Industries in the third quarter valued at approximately $40,846,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. UBS Group set a $475.00 price target on shares of Dycom Industries and gave the company a “buy” rating in a report on Friday, March 6th. Wall Street Zen cut shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 7th. JPMorgan Chase & Co. upped their target price on shares of Dycom Industries from $395.00 to $415.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. Vertical Research assumed coverage on Dycom Industries in a report on Tuesday, December 23rd. They set a “buy” rating and a $420.00 target price for the company. Finally, Guggenheim assumed coverage on Dycom Industries in a research note on Thursday, January 22nd. They issued a “buy” rating and a $510.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $431.64.

Insider Activity

In other news, Director Eitan Gertel sold 3,645 shares of the company’s 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 sale, the director owned 15,997 shares in the company, valued at $5,528,883.14. This represents a 18.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 3.72% of the stock is currently owned by corporate insiders.

Dycom Industries Price Performance

Shares of NYSE DY opened at $361.16 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. The business has a 50-day moving average of $384.48 and a 200-day moving average of $333.26. The stock has a market capitalization of $10.82 billion, a price-to-earnings ratio of 37.62 and a beta of 1.34. Dycom Industries, Inc. has a fifty-two week low of $131.37 and a fifty-two week high of $445.52.

Dycom Industries (NYSE:DY) last released 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 return on equity of 21.77% and a net margin of 5.07%.The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the company posted $1.17 earnings per share. Dycom Industries’s 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, sell-side analysts predict that Dycom Industries, Inc. will post 7.13 earnings per share for the current fiscal year.

Dycom Industries Company 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.