Dycom Industries, Inc. $DY Shares Sold by Algert Global LLC

Key Points

• Algert Global reduced its Dycom Industries stake by 28.6% in the second quarter, selling 6,288 shares and retaining 15,700 shares worth approximately $7.9 million. Institutional investors and hedge funds collectively own 98.33% of the company.
• Dycom reported strong quarterly results, with adjusted EPS of $5.29 beating the $4.72 consensus estimate and revenue rising 45.6% year over year. Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $578.09.
• The board authorized a $150 million share-repurchase program, while management raised its fiscal 2027 revenue outlook. However, third-quarter EPS guidance was below consensus and about $150 million of wireless work was deferred to fiscal 2028, creating near-term revenue-timing concerns.

Algert Global LLC lowered its stake in Dycom Industries, Inc. (NYSE:DY - Free Report) by 28.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,700 shares of the construction company's stock after selling 6,288 shares during the quarter. Algert Global LLC owned about 0.05% of Dycom Industries worth $7,938,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. raised its stake in Dycom Industries by 265,593,055.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 23,903,384 shares of the construction company's stock worth $8,076,953,000 after acquiring an additional 23,903,375 shares during the period. Peconic Partners LLC lifted its holdings in Dycom Industries by 2.8% in the second quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company's stock worth $933,038,000 after purchasing an additional 105,586 shares during the period. BlackRock Inc. acquired a new position in shares of Dycom Industries during the second quarter valued at approximately $1,513,523,000. Hill City Capital LP acquired a new stake in shares of Dycom Industries in the second quarter valued at $510,536,693,000. Finally, First Trust Advisors LP lifted its stake in Dycom Industries by 27.8% during the first quarter. First Trust Advisors LP now owns 798,699 shares of the construction company's stock valued at $270,615,000 after purchasing an additional 173,528 shares during the last quarter. 98.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on DY shares. Wedbush set a $654.00 target price on shares of Dycom Industries in a research report on Friday, May 29th. JPMorgan Chase & Co. increased their price target on shares of Dycom Industries from $415.00 to $650.00 and gave the stock an "overweight" rating in a research report on Thursday, May 28th. Guggenheim raised their price objective on shares of Dycom Industries from $575.00 to $620.00 and gave the company a "buy" rating in a research report on Thursday, May 28th. Wall Street Zen cut shares of Dycom Industries from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 25th. Finally, Weiss Ratings upgraded Dycom Industries from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, August 13th. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $578.09.

Dycom Industries Stock Down 11.3%

Shares of NYSE:DY opened at $311.94 on Thursday. The company's 50-day moving average price is $424.20 and its two-hundred day moving average price is $415.22. Dycom Industries, Inc. has a 12 month low of $242.55 and a 12 month high of $566.47. The company has a quick ratio of 2.46, a current ratio of 2.58 and a debt-to-equity ratio of 1.48. The firm has a market cap of $9.37 billion, a P/E ratio of 29.68, a P/E/G ratio of 0.62 and a beta of 1.54.

Dycom Industries (NYSE:DY - Get Free Report) last released 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 $1.61 billion during the quarter, compared to the consensus estimate of $1.98 billion. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.The firm's quarterly revenue was up 45.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.33 earnings per share. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. As a group, research analysts forecast that Dycom Industries, Inc. will post 15.45 EPS for the current fiscal year.

Dycom Industries declared that its board has authorized a stock buyback plan on Wednesday, August 26th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 1.4% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Trending Headlines about Dycom Industries

Here are the key news stories impacting Dycom Industries this week:

• Positive Sentiment: Dycom reported record second-quarter results: contract revenue rose 45.6% year over year to $2.006 billion, adjusted EPS reached $5.29 versus a $4.72 consensus estimate, and adjusted EBITDA was $315.5 million, ahead of Wall Street expectations. Dycom fiscal 2027 second-quarter results
• Positive Sentiment: Total backlog increased 53.2% to a record $12.242 billion, providing substantial revenue visibility. Management also cited strong demand for fiber deployments and data-center-related infrastructure. Dycom Q2 earnings and fiber demand
• Positive Sentiment: Dycom raised its fiscal 2027 revenue outlook to approximately $7.48 billion-$7.66 billion and authorized a new $150 million share-repurchase program. The company also completed its acquisition of National Technology Integrators, expanding its digital-infrastructure capabilities. Dycom share repurchase authorization
• Neutral Sentiment: The strong results support a broader investment case tied to broadband, data centers and potential AI-infrastructure spending, but the shares had already carried elevated expectations following earlier record results and guidance increases. Why Dycom’s earnings point to an AI infrastructure boom
• Negative Sentiment: Third-quarter adjusted EPS guidance of $4.33-$4.79 is below the $4.68 consensus midpoint, signaling softer near-term earnings momentum. Why Dycom Industries stock is sinking
• Negative Sentiment: Approximately $150 million of wireless work has been deferred from fiscal 2027 into fiscal 2028. The delay raises concerns about revenue timing and explains why the guidance increase did not offset the disappointing near-term outlook. Dycom wireless work deferred to fiscal 2028

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.

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