SteelPeak Wealth LLC Takes $2.21 Million Position in Dycom Industries, Inc. $DY

SteelPeak Wealth LLC purchased a new stake in Dycom Industries, Inc. (NYSE:DY) during the 4th quarter, Holdings Channel reports. The firm purchased 6,534 shares of the construction company’s stock, valued at approximately $2,208,000.

Several other large investors also recently made changes to their positions in the stock. Root Financial Partners LLC bought a new position in shares of Dycom Industries in the 3rd quarter valued at about $26,000. Optiver Holding B.V. lifted its position in shares of Dycom Industries by 57.1% during the 3rd quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock valued at $32,000 after acquiring an additional 40 shares during the period. CI Investments Inc. boosted its stake in Dycom Industries by 259.4% in the third quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock valued at $34,000 after buying an additional 83 shares in the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of Dycom Industries during the third quarter valued at about $37,000. Finally, UMB Bank n.a. grew its position in shares of Dycom Industries by 57.3% in the 3rd quarter. UMB Bank n.a. now owns 129 shares of the construction company’s stock valued at $38,000 after buying an additional 47 shares during the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.

Analyst Ratings Changes

DY has been the topic of a number of recent research reports. Wall Street Zen cut Dycom Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 7th. Cantor Fitzgerald reissued an “overweight” rating and issued a $436.00 price objective on shares of Dycom Industries in a report on Friday, March 27th. Guggenheim assumed coverage on shares of Dycom Industries in a research note on Thursday, January 22nd. They set a “buy” rating and a $510.00 price objective for the company. KeyCorp lifted their target price on shares of Dycom Industries from $426.00 to $482.00 and gave the company an “overweight” rating in a research report on Thursday, March 5th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Dycom Industries in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $431.64.

Insider Activity at Dycom Industries

In related news, Director Eitan Gertel sold 3,645 shares of the business’s stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $345.62, for a total transaction of $1,259,784.90. Following the completion of the transaction, the director directly owned 15,997 shares in the company, valued at approximately $5,528,883.14. The trade was a 18.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.72% of the stock is owned by company insiders.

Dycom Industries Price Performance

Shares of DY stock opened at $348.18 on Friday. Dycom Industries, Inc. has a twelve month low of $131.37 and a twelve month high of $445.52. The business’s fifty day moving average is $380.43 and its 200 day moving average is $341.04. The stock has a market cap of $10.44 billion, a price-to-earnings ratio of 36.27, a PEG ratio of 0.81 and a beta of 1.38. The company has a quick ratio of 2.61, a current ratio of 2.74 and a debt-to-equity ratio of 1.51.

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

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.