IFP Advisors Inc Sells 3,667 Shares of Dycom Industries, Inc. $DY

Key Points

• IFP Advisors cut its Dycom Industries stake by 89.7%, selling 3,667 shares and retaining 421 shares valued at approximately $213,000. Institutional investors collectively own 98.33% of the company.
• Dycom reported strong quarterly results, with EPS of $5.29 versus the $4.72 consensus and revenue of $2.01 billion, up 45.6% year over year. The board also authorized a $150 million share-repurchase program.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $502.42, although some firms have lowered targets and one analyst downgraded the stock to Hold. Director David Fallon separately bought 700 shares for about $200,844.

IFP Advisors Inc lowered its stake in Dycom Industries, Inc. (NYSE:DY - Free Report) by 89.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 421 shares of the construction company's stock after selling 3,667 shares during the period. IFP Advisors Inc's holdings in Dycom Industries were worth $213,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in DY. Allworth Financial LP bought a new stake in shares of Dycom Industries in the 2nd quarter worth about $35,000. Harbor Investment Advisory LLC purchased a new position in Dycom Industries in the 2nd quarter worth about $52,000. Continuum Advisory LLC bought a new stake in Dycom Industries during the 2nd quarter valued at about $59,000. Nemes Rush Group LLC bought a new stake in shares of Dycom Industries during the fourth quarter valued at approximately $40,000. Finally, Clearstead Advisors LLC raised its stake in shares of Dycom Industries by 212.8% during the fourth quarter. Clearstead Advisors LLC now owns 122 shares of the construction company's stock valued at $41,000 after acquiring an additional 83 shares in the last quarter. 98.33% of the stock is owned by institutional investors.

Dycom Industries Stock Up 2.0%

Dycom Industries stock opened at $291.17 on Friday. The business's 50-day simple moving average is $368.31 and its two-hundred day simple moving average is $400.23. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.24 and a current ratio of 2.35. The company has a market cap of $8.78 billion, a PE ratio of 26.49, a PEG ratio of 0.51 and a beta of 1.49. Dycom Industries, Inc. has a fifty-two week low of $266.09 and a fifty-two week high of $566.47.

Dycom Industries (NYSE:DY - Get Free Report) last posted its quarterly earnings results on Wednesday, August 26th. The construction company reported $5.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.72 by $0.57. Dycom Industries had a net margin of 4.79% and a return on equity of 25.30%. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the firm posted $3.33 EPS. Dycom Industries's revenue for the quarter was up 45.6% compared to the same quarter last year. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. Equities analysts anticipate that Dycom Industries, Inc. will post 15.82 EPS for the current year.

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

Key Headlines Impacting Dycom Industries

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

• Positive Sentiment: Zacks Research raised its FY2027 EPS forecast to $16.38 from $15.18, while making smaller increases to Q3 and Q4 2027 estimates. The firm also lifted its Q1 2029 forecast to $4.93 from $4.79 and its Q2 2029 forecast to $5.95 from $5.86, signaling stronger expected earnings in several periods. Zacks nevertheless maintained a Hold rating. Dycom Industries analyst estimates
• Positive Sentiment: Guggenheim reaffirmed its Buy rating, providing continued support for the stock’s bullish investment case. Guggenheim Reaffirms Buy Rating for Dycom Industries
• Neutral Sentiment: Recent coverage remains divided: Zacks Research rates Dycom Hold, while another report discussed whether the shares may be trading at a discount. This suggests valuation remains an important consideration after the stock’s substantial prior gains and subsequent pullback. Do You Think Dycom Industries is Trading at a Discount?
• Negative Sentiment: Zacks reduced its FY2028 EPS forecast to $19.04 from $19.71, cutting estimates for Q1, Q2 and Q3 2028. The revisions indicate some moderation in longer-term earnings expectations despite the FY2027 upgrades.
• Negative Sentiment: Wall Street Zen downgraded Dycom Industries to Hold, adding a more cautious signal to the analyst commentary. Wall Street Zen Downgrades Dycom Industries to Hold

Insiders Place Their Bets

In related news, Director David Fallon purchased 700 shares of Dycom Industries stock in a transaction that occurred on 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 completion of the transaction, the director owned 1,043 shares in the company, valued at $299,257.56. The trade was a 204.08% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.22% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Guggenheim reissued a "buy" rating and issued a $620.00 price objective on shares of Dycom Industries in a research note on Thursday. KeyCorp decreased their target price on Dycom Industries from $610.00 to $423.00 and set an "overweight" rating for the company in a research report on Thursday, August 27th. Cantor Fitzgerald lowered their target price on Dycom Industries from $654.00 to $476.00 and set an "overweight" rating for the company in a report on Thursday, August 27th. UBS Group reiterated a "buy" rating on shares of Dycom Industries in a report on Thursday. Finally, Raymond James Financial set a $375.00 target price on shares of Dycom Industries in a research note on Thursday, September 3rd. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $502.42.

Dycom Industries Company Profile

Dycom Industries, Inc is a specialty contractor that provides infrastructure construction and maintenance services for the telecommunications and utility industries. The company supports the expansion, upgrade and upkeep of communications networks, including fiber-optic, broadband, wireless and other voice and data systems.

Its services include engineering and design, aerial and underground construction, fiber and cable installation, wireless infrastructure deployment, network maintenance, utility locating, vegetation management and emergency restoration.

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