KBC Group NV Has $193,000 Holdings in Dycom Industries, Inc. $DY

KBC Group NV decreased its position in Dycom Industries, Inc. (NYSE:DY) by 45.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 791 shares of the construction company’s stock after selling 652 shares during the period. KBC Group NV’s holdings in Dycom Industries were worth $193,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of DY. AlTi Global Inc. lifted its stake in shares of Dycom Industries by 20.7% in the 2nd quarter. AlTi Global Inc. now owns 13,097 shares of the construction company’s stock valued at $3,201,000 after purchasing an additional 2,243 shares during the period. Greenleaf Trust bought a new position in shares of Dycom Industries during the 2nd quarter worth approximately $246,000. Federated Hermes Inc. grew its position in shares of Dycom Industries by 27.1% during the 1st quarter. Federated Hermes Inc. now owns 492 shares of the construction company’s stock worth $75,000 after buying an additional 105 shares during the period. Cetera Investment Advisers bought a new stake in shares of Dycom Industries in the 1st quarter valued at $387,000. Finally, KLP Kapitalforvaltning AS lifted its position in shares of Dycom Industries by 8.5% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 6,400 shares of the construction company’s stock valued at $1,564,000 after acquiring an additional 500 shares during the period. Institutional investors own 98.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DY. KeyCorp increased their price objective on shares of Dycom Industries from $306.00 to $320.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. UBS Group increased their price target on Dycom Industries from $296.00 to $336.00 and gave the stock a “buy” rating in a report on Monday, October 13th. JPMorgan Chase & Co. boosted their price objective on Dycom Industries from $250.00 to $275.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Bank of America increased their target price on Dycom Industries from $299.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Dycom Industries in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, Dycom Industries currently has an average rating of “Buy” and a consensus price target of $302.63.

Dycom Industries Stock Performance

NYSE DY opened at $295.98 on Wednesday. The company has a fifty day moving average price of $284.12 and a 200-day moving average price of $256.92. The firm has a market cap of $8.57 billion, a price-to-earnings ratio of 33.26, a PEG ratio of 1.38 and a beta of 1.23. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.16 and a quick ratio of 2.96. Dycom Industries, Inc. has a 1 year low of $131.37 and a 1 year high of $301.88.

Dycom Industries (NYSE:DY) last announced its earnings results on Wednesday, August 20th. The construction company reported $3.33 earnings per share for the quarter, topping analysts’ consensus estimates of $2.92 by $0.41. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.41 billion. Dycom Industries had a return on equity of 21.17% and a net margin of 5.23%.The company’s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.46 EPS. As a group, equities research analysts predict that Dycom Industries, Inc. will post 7.13 EPS for the current fiscal year.

About Dycom Industries

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.