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

Key Points

• Penn Capital Management cut its stake in Dycom by 7.5% to 86,144 shares (about $25.16M); the position remains the fund's largest holding, representing roughly 1.9% of its portfolio and ~0.30% of Dycom outstanding.
• Dycom beat quarterly expectations, reporting $2.03 EPS vs. $1.91 and $1.46B revenue vs. $1.34B (revenue up 34.4% YoY) with Q1 guidance of $2.57–$2.90, and analysts have largely raised targets leaving a MarketBeat consensus of "Moderate Buy" and a consensus target of $431.64.
• Director Eitan Gertel sold 3,645 shares (≈$1.26M), reducing his stake by 18.56%; insiders own 3.72% of the company while institutional investors hold about 98.33%.

Penn Capital Management Company LLC cut its stake in Dycom Industries, Inc. (NYSE:DY - Free Report) by 7.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,144 shares of the construction company's stock after selling 6,997 shares during the period. Dycom Industries accounts for about 1.9% of Penn Capital Management Company LLC's investment portfolio, making the stock its biggest position. Penn Capital Management Company LLC owned approximately 0.30% of Dycom Industries worth $25,160,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Root Financial Partners LLC acquired a new stake in shares of Dycom Industries in the third quarter valued at approximately $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in Dycom Industries during the 2nd quarter worth $32,000. Optiver Holding B.V. lifted its holdings in Dycom Industries by 57.1% during the 3rd quarter. Optiver Holding B.V. now owns 110 shares of the construction company's stock worth $32,000 after buying an additional 40 shares in the last quarter. CI Investments Inc. boosted its position in Dycom Industries by 259.4% in the 3rd quarter. CI Investments Inc. now owns 115 shares of the construction company's stock valued at $34,000 after buying an additional 83 shares during the last quarter. Finally, Salomon & Ludwin LLC bought a new position in Dycom Industries in the 3rd quarter valued at $37,000. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company boosted their target price on Dycom Industries from $315.00 to $360.00 and gave the stock an "overweight" rating in a research report on Thursday, November 20th. Vertical Research initiated coverage on Dycom Industries in a research report on Tuesday, December 23rd. They issued a "buy" rating and a $420.00 price objective for the company. DA Davidson boosted their price objective on Dycom Industries from $300.00 to $390.00 and gave the stock a "buy" rating in a report on Thursday, November 20th. Zacks Research downgraded shares of Dycom Industries from a "hold" rating to a "strong sell" rating in a research report on Tuesday, February 17th. Finally, Bank of America lifted their price target on shares of Dycom Industries from $365.00 to $475.00 and gave the stock a "buy" rating in a research report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $431.64.

Insiders Place Their Bets

In other news, Director Eitan Gertel sold 3,645 shares of Dycom Industries stock in a transaction on Friday, January 9th. The shares were sold at an average price of $345.62, for a total transaction of $1,259,784.90. Following the transaction, the director directly owned 15,997 shares of the company's stock, valued at $5,528,883.14. This trade represents a 18.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.72% of the company's stock.

Dycom Industries Stock Performance

Shares of DY stock 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 stock has a market cap of $10.82 billion, a PE ratio of 37.62 and a beta of 1.34. The stock has a 50-day moving average of $384.48 and a 200-day moving average of $333.26. Dycom Industries, Inc. has a one year low of $131.37 and a one year high of $445.52.

Dycom Industries (NYSE:DY - Get Free Report) last released its quarterly earnings data on Wednesday, March 4th. The construction company reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.12. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.34 billion. Dycom Industries had a net margin of 5.07% and a return on equity of 21.77%. Dycom Industries's quarterly revenue was up 34.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.17 EPS. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. As a group, sell-side analysts expect that Dycom Industries, Inc. will post 7.13 earnings per share for the current year.

Dycom Industries 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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