M Holdings Securities Inc. Buys 2,497 Shares of Dycom Industries, Inc. $DY

M Holdings Securities Inc. bought a new stake in Dycom Industries, Inc. (NYSE:DY) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 2,497 shares of the construction company’s stock, valued at approximately $672,000.

A number of other institutional investors have also made changes to their positions in DY. Ethic Inc. grew its holdings in Dycom Industries by 65.4% during the 3rd quarter. Ethic Inc. now owns 1,687 shares of the construction company’s stock worth $454,000 after acquiring an additional 667 shares during the last quarter. Alps Advisors Inc. lifted its position in shares of Dycom Industries by 13.5% during the third quarter. Alps Advisors Inc. now owns 5,774 shares of the construction company’s stock worth $1,554,000 after purchasing an additional 689 shares in the last quarter. CenterBook Partners LP acquired a new position in shares of Dycom Industries during the third quarter worth approximately $6,929,000. Kestra Advisory Services LLC lifted its position in shares of Dycom Industries by 100.3% during the third quarter. Kestra Advisory Services LLC now owns 3,458 shares of the construction company’s stock worth $930,000 after purchasing an additional 1,732 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in shares of Dycom Industries by 7.1% during the third quarter. Commonwealth Equity Services LLC now owns 4,575 shares of the construction company’s stock valued at $1,231,000 after purchasing an additional 303 shares during the last quarter. 98.33% of the stock is owned by institutional investors.

Dycom Industries Stock Down 0.8%

Shares of NYSE DY opened at $218.24 on Wednesday. The firm has a market capitalization of $6.58 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 0.37 and a beta of 1.53. The company has a current ratio of 2.35, a quick ratio of 2.24 and a debt-to-equity ratio of 1.35. Dycom Industries, Inc. has a 1 year low of $186.25 and a 1 year high of $566.47. The firm’s 50-day moving average is $262.24 and its 200-day moving average is $373.06.

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

Dycom Industries declared that its board has authorized a stock repurchase plan on Wednesday, August 26th that authorizes the company to buy back $150 million in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 1.4% of its shares through open market purchases. Share repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In related news, Director Carmen M. Sabater purchased 350 shares of the business’s stock in a transaction dated Wednesday, September 23rd. The shares were bought at an average price of $280.62 per share, with a total value of $98,217.00. Following the purchase, the director directly owned 7,154 shares in the company, valued at $2,007,555.48. This trade represents a 5.14% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director David Fallon purchased 700 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was bought at an average cost of $286.92 per share, for a total transaction of $200,844.00. Following the purchase, the director owned 1,043 shares in the company, valued at $299,257.56. This trade represents a 204.08% 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 currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. UBS Group reissued a “buy” rating on shares of Dycom Industries in a report on Thursday, September 17th. Raymond James Financial set a $375.00 price objective on Dycom Industries in a report on Thursday, September 3rd. Weiss Ratings lowered Dycom Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, September 18th. Guggenheim reiterated a “buy” rating and issued a $620.00 price objective on shares of Dycom Industries in a research report on Thursday, September 17th. Finally, Zacks Research downgraded Dycom Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Dycom Industries presently has a consensus rating of “Moderate Buy” and an average price target of $502.92.

About Dycom Industries

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.