Dycom Industries, Inc. $DY Shares Sold by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd lowered its position in shares of Dycom Industries, Inc. (NYSE:DY) by 6.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 18,607 shares of the construction company’s stock after selling 1,255 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Dycom Industries were worth $6,293,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legacy Advisors LLC purchased a new position in shares of Dycom Industries during the 4th quarter valued at about $229,000. TD Waterhouse Canada Inc. raised its stake in shares of Dycom Industries by 67.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 16,999 shares of the construction company’s stock valued at $5,750,000 after buying an additional 6,861 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Dycom Industries by 10.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,477 shares of the construction company’s stock valued at $3,540,000 after buying an additional 992 shares during the last quarter. First Horizon Corp raised its stake in shares of Dycom Industries by 346.5% during the 4th quarter. First Horizon Corp now owns 192 shares of the construction company’s stock valued at $65,000 after buying an additional 149 shares during the last quarter. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new position in shares of Dycom Industries during the 4th quarter valued at about $5,068,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries Price Performance

Shares of Dycom Industries stock opened at $404.63 on Wednesday. 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, Inc. has a twelve month low of $150.29 and a twelve month high of $445.52. The business has a 50-day moving average price of $382.13 and a 200 day moving average price of $350.56. The firm has a market cap of $12.15 billion, a PE ratio of 42.15, a P/E/G ratio of 0.94 and a beta of 1.38.

Dycom Industries (NYSE:DY) last announced its quarterly earnings results on Wednesday, March 4th. The construction company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.12. Dycom Industries had a return on equity of 21.77% and a net margin of 5.07%.The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the previous year, the business earned $1.17 EPS. Dycom Industries’s revenue for the quarter 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. Sell-side analysts predict that Dycom Industries, Inc. will post 12.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DY. Bank of America lifted their price objective on Dycom Industries from $365.00 to $475.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Zacks Research upgraded Dycom Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. B. Riley Financial lifted their price objective on Dycom Industries from $420.00 to $485.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Vertical Research began coverage on Dycom Industries in a research note on Tuesday, December 23rd. They set a “buy” rating and a $420.00 price objective for the company. Finally, Guggenheim began coverage on Dycom Industries in a research note on Thursday, January 22nd. They set a “buy” rating and a $510.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $431.64.

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.