2,656 Shares in Dycom Industries, Inc. $DY Acquired by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of Dycom Industries, Inc. (NYSE:DY) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 2,656 shares of the construction company’s stock, valued at approximately $1,343,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DY. &PARTNERS boosted its holdings in shares of Dycom Industries by 2.5% in the fourth quarter. &PARTNERS now owns 1,053 shares of the construction company’s stock valued at $356,000 after acquiring an additional 26 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Dycom Industries by 17.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the construction company’s stock valued at $69,000 after acquiring an additional 30 shares during the period. Legacy Wealth Managment LLC ID increased its holdings in shares of Dycom Industries by 30.4% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 150 shares of the construction company’s stock valued at $51,000 after acquiring an additional 35 shares during the period. Osaic Holdings Inc. raised its position in Dycom Industries by 1.7% in the 4th quarter. Osaic Holdings Inc. now owns 2,062 shares of the construction company’s stock valued at $697,000 after purchasing an additional 35 shares during the last quarter. Finally, CWM LLC raised its position in Dycom Industries by 1.9% in the 4th quarter. CWM LLC now owns 1,956 shares of the construction company’s stock valued at $661,000 after purchasing an additional 36 shares during the last quarter. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Dycom Industries Stock Performance

NYSE DY opened at $393.24 on Friday. The stock has a market capitalization of $11.81 billion, a price-to-earnings ratio of 37.42, a PEG ratio of 0.71 and a beta of 1.54. The business’s 50 day moving average is $431.31 and its two-hundred day moving average is $415.56. Dycom Industries, Inc. has a 12-month low of $242.55 and a 12-month high of $566.47. The company has a current ratio of 2.58, a quick ratio of 2.46 and a debt-to-equity ratio of 1.48.

Dycom Industries (NYSE:DY) last posted its quarterly earnings results on Wednesday, May 27th. The construction company reported $4.42 EPS for the quarter, beating the consensus estimate of $2.73 by $1.69. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same period last year, the firm earned $2.09 EPS. The company’s quarterly revenue was up 56.1% compared to the same quarter last year. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. Research analysts expect that Dycom Industries, Inc. will post 15.45 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DY. Wall Street Zen downgraded shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 25th. Wedbush set a $654.00 target price on shares of Dycom Industries in a report on Friday, May 29th. JPMorgan Chase & Co. upped their target price on shares of Dycom Industries from $415.00 to $650.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. KeyCorp increased their target price on shares of Dycom Industries from $482.00 to $610.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Finally, UBS Group reissued a “buy” rating on shares of Dycom Industries in a report on Friday, July 24th. Eleven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Dycom Industries has a consensus rating of “Moderate Buy” and a consensus price target of $578.09.

About Dycom Industries

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.