Jennifer M. Fritzsche, a director at Dycom Industries Inc . (NYSE:DY), recently sold shares of the company's common stock. According to a filing submitted to the Securities and Exchange Commission, Fritzsche sold 430 shares on December 18, 2024, at a price of $173.11 per share, totaling $74,437. The transaction occurred as Dycom's stock has shown remarkable strength, delivering a 47% gain year-to-date and trading near its InvestingPro Fair Value. Following this transaction, Fritzsche holds 8,873 shares in the company. This sale was executed as a direct ownership transaction. Dycom Industries, based in Palm Beach Gardens, Florida, operates in the construction sector, focusing on water, sewer, pipeline, communication, and power line construction. The $4.9 billion market cap company maintains strong financials with a healthy 3.12 current ratio and receives a unanimous "Strong Buy" rating from analysts. Get the complete analysis with a detailed Pro Research Report, available exclusively on InvestingPro.
In other recent news, Dycom Industries reported robust third-quarter results for fiscal 2025, with revenues of $1.272 billion, a 12% increase from the previous period. The company's organic revenue growth was recorded at 7.6%, and adjusted earnings per share stood at $2.68. Dycom's adjusted EBITDA was reported at $170.7 million, making up 13.4% of the total revenue.
The company also announced leadership changes, appointing Daniel S. Peyovich as the new CEO and Richard K. Sykes as the Chair of the Board. These developments come as Dycom continues to navigate the competitive landscape of the construction sector, focusing on strategic growth opportunities in AI and Data Center Infrastructure, Broadband Expansion, and Rural Broadband.
In addition, Dycom's acquisition of Black and Veatch's wireless telecommunications infrastructure business has shown promising initial results. Looking ahead, Dycom Industries expects Q4 total contract revenues to increase in the mid to high single digits, with organic revenue growth projected at low to mid-single digits. These recent developments underscore Dycom's optimistic outlook for future growth opportunities across various market segments.
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