DYCOM INDUSTRIES, INC.
At today's price, DYCOM INDUSTRIES, INC. (DY) is priced for today's economics sustained for ~6.9 years. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
Dycom is executing at a peak: record fiscal Q1 2027 revenue of $1.965 billion (up 56.1%, 24.7% organic), adjusted EPS of $4.42, a record $11.9 billion backlog, a 2.2x book-to-bill, and a raised full-year outlook of $7.38 to $7.65 billion. The structural risk is the business model: a thin roughly 7.3% operating margin, about $2.46 billion of net debt, and a highly concentrated customer base (top five customers near 55% of revenue), all riding cyclical fiber and data-center construction demand.
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500 institutional managers reported holding DY in 13F filings for the quarter ended 2026-03-31. 83 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 1.6M shares were sold short as of the 2026-06-15 count, about 5% of shares outstanding (3.6 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
DY has cut its share count 1.5% over the past five years, spending $336.35M on repurchases. It pays no dividend. Cash returned over the past three years: $161.19M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at DY over the trailing three years. Absence is a fact about the company, not a signal. 19 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
DY's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-25 | -3.2% | -14.2% |
| 2023-11-23 | +0.4% | +11.5% |
| 2024-03-02 | +3.2% | +14.0% |
| 2024-05-24 | +7.5% | -1.0% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
DY's latest 8-K filings: 2026-06-01 (items 5.02, 5.07); 2026-05-27 (items 2.02, 9.01); 2026-03-24 (items 5.02, 9.01); 2026-03-04 (items 2.02, 9.01); 2026-01-27 (items 1.01, 2.03, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.