16,372 Shares of Dycom Industries, Inc. $DY Bought by One Way Holdings LLC

Key Points

• One Way Holdings LLC bought 16,372 Dycom Industries shares worth approximately $4.4 million, establishing a position representing about 0.05% of the company.
• Institutional investors own 98.33% of Dycom’s stock, while analysts maintain a “Moderate Buy” consensus with an average price target of $502.92.
• Dycom exceeded quarterly earnings and revenue expectations, with revenue rising 45.6% year over year; its board also authorized a $150 million share-repurchase plan.

One Way Holdings LLC purchased a new position in Dycom Industries, Inc. (NYSE:DY - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16,372 shares of the construction company's stock, valued at approximately $4,405,000. One Way Holdings LLC owned approximately 0.05% of Dycom Industries at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. BlackRock Inc. acquired a new stake in shares of Dycom Industries in the 2nd quarter valued at about $1,513,523,000. Hill City Capital LP acquired a new position in shares of Dycom Industries during the second quarter worth about $510,536,693. First Trust Advisors LP grew its holdings in shares of Dycom Industries by 27.8% during the first quarter. First Trust Advisors LP now owns 798,699 shares of the construction company's stock worth $270,615,000 after buying an additional 173,528 shares in the last quarter. Bank of America Corp DE bought a new position in shares of Dycom Industries during the second quarter worth about $270,174,000. Finally, Arrowstreet Capital Limited Partnership raised its position in Dycom Industries by 19.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 396,240 shares of the construction company's stock valued at $134,254,000 after buying an additional 65,724 shares during the last quarter. Institutional investors and hedge funds own 98.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DY shares. Guggenheim reaffirmed a "buy" rating and set a $620.00 price target on shares of Dycom Industries in a research report on Thursday, September 17th. Wells Fargo & Company set a $476.00 target price on shares of Dycom Industries in a report on Thursday, August 27th. Zacks Research downgraded shares of Dycom Industries from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. Oppenheimer initiated coverage on shares of Dycom Industries in a research note on Tuesday, October 27th. They issued a "market perform" rating on the stock. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $476.00 price target on shares of Dycom Industries in a research report on Friday, October 9th. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Dycom Industries has an average rating of "Moderate Buy" and a consensus price target of $502.92.

Dycom Industries Price Performance

Shares of DY opened at $227.42 on Monday. Dycom Industries, Inc. has a fifty-two week low of $215.28 and a fifty-two week high of $566.47. The firm has a market capitalization of $6.86 billion, a PE ratio of 20.69, a PEG ratio of 0.39 and a beta of 1.53. The company's 50-day moving average is $278.94 and its 200-day moving average is $378.40. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.35 and a quick ratio of 2.24.

Dycom Industries (NYSE:DY - Get Free Report) last announced its 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 company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.98 billion. Dycom Industries had a return on equity of 25.30% and a net margin of 4.79%. The firm's quarterly revenue was up 45.6% compared to the same quarter last year. During the same quarter last year, the company earned $3.33 earnings per share. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. Equities analysts forecast that Dycom Industries, Inc. will post 15.98 EPS for the current year.

Dycom Industries declared that its Board of Directors has approved a stock buyback plan on Wednesday, August 26th that authorizes the company to repurchase $150 million in outstanding shares. This repurchase authorization authorizes the construction company to reacquire up to 1.4% of its stock through open market purchases. Share repurchase plans are usually a sign that the company's leadership believes its stock is undervalued.

Insider Activity

In other Dycom Industries news, Director Carmen Sabater acquired 350 shares of the business's stock in a transaction on Wednesday, September 23rd. The stock was purchased at an average price of $280.62 per share, with a total value of $98,217.00. Following the acquisition, the director directly owned 7,154 shares of the company's stock, valued at approximately $2,007,555.48. This trade represents a 5.14% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Fallon purchased 700 shares of Dycom Industries stock in a transaction that occurred on Tuesday, September 1st. The shares were bought at an average cost of $286.92 per share, for a total transaction of $200,844.00. Following the transaction, the director directly owned 1,043 shares of the company's stock, valued at $299,257.56. This 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 owned by insiders.

About Dycom Industries

Dycom Industries, Inc is a specialty contracting company that provides infrastructure services to telecommunications providers, utilities, cable and broadband companies, and government agencies. Headquartered in Palm Beach Gardens, Florida, the company operates primarily across the United States.

Its services include engineering, construction, installation, maintenance, and repair of telecommunications infrastructure. Dycom supports the deployment of fiber-optic networks, broadband systems, wireless networks, underground and aerial lines, and other communications facilities.

Want to see what other hedge funds are holding DY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dycom Industries, Inc. (NYSE:DY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.