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Dycom Industries Slides as Earlier Guidance Overhang and New Lows Weigh on Shares

Investivoq PriceTracker

Dycom Industries (DY) is down 5.5% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver appears to be continued fallout from the company’s late-August outlook, which included a deferral of about $150 million of wireless program revenue into the next fiscal year even as headline results were strong. With the stock recently pressing toward fresh 52-week lows, today’s move may also reflect momentum selling rather than a single new company-specific event.

Details:

  • In its most recent quarterly release, the company posted record fiscal second-quarter results, including 45.6% revenue growth and backlog growth of 53.2%, showing that the core business remained strong.
  • That same update said full-year communications revenue would reflect roughly $150 million of wireless program revenue being pushed into fiscal 2028, which raised concerns about near-term timing and mix.
  • The communications segment also showed margin pressure from higher investments to scale operations, deferred wireless work, and higher fuel costs, which may have tempered investor enthusiasm.
  • Recent trading data show the shares touched a new 52-week low on October 20, 2026, suggesting technical weakness could be amplifying the decline. This could be because investors are still resetting expectations after the sharp post-earnings rerating seen earlier this quarter.

    • Sources:

    Dycom Industries Investor Relations, SEC, StockAnalysis.com

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $DY Insider Trading Activity

    DY Insider Trades

    $DY insiders have traded $DY stock on the open market 3 times in the past 6 months. Of those trades, 3 have been purchases and 0 have been sales.

    Here’s a breakdown of recent trading of $DY stock by insiders over the last 6 months:

    • DANIEL S PEYOVICH (President & CEO) purchased 850 shares for an estimated $252,246
    • DAVID JOSEPH FALLON purchased 700 shares for an estimated $200,844
    • CARMEN M SABATER purchased 350 shares for an estimated $98,217

    To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

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    $DY Hedge Fund Activity

    We have seen 319 institutional investors add shares of $DY stock to their portfolio, and 268 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • BLACKROCK, INC. removed 870,223 shares (-22.5%) from their portfolio in Q2 2026, for an estimated $439,976,046
    • SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 346,896 shares (+inf%) to their portfolio in Q2 2026, for an estimated $175,387,148
    • PECONIC PARTNERS LLC added 330,000 shares (+8.0%) to their portfolio in Q2 2026, for an estimated $166,844,700
    • PRICE T ROWE ASSOCIATES INC /MD/ removed 303,247 shares (-81.1%) from their portfolio in Q2 2026, for an estimated $153,318,650
    • NORGES BANK added 225,834 shares (+394.7%) to their portfolio in Q2 2026, for an estimated $114,179,412
    • JANE STREET GROUP, LLC added 223,392 shares (+13588.3%) to their portfolio in Q2 2026, for an estimated $112,944,761
    • JPMORGAN CHASE & CO added 218,833 shares (+inf%) to their portfolio in Q2 2026, for an estimated $110,639,776

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    $DY Price Targets

    Multiple analysts have issued price targets for $DY recently. We have seen 6 analysts offer price targets for $DY in the last 6 months, with a median target of $637.5.

    Here are some recent targets:

    • Sangita Jain from Keybanc set a target price of $610.0 on 06/01/2026
    • Manish A. Somaiya from Cantor Fitzgerald set a target price of $654.0 on 05/29/2026
    • Liam Burke from B. Riley Securities set a target price of $625.0 on 05/28/2026
    • Joseph Osha from Guggenheim set a target price of $620.0 on 05/28/2026
    • Eric Luebchow from Wells Fargo set a target price of $650.0 on 05/28/2026
    • Richard Choe from JP Morgan set a target price of $650.0 on 05/28/2026

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.