OVERSEA CHINESE BANKING Corp Ltd Makes New $3.40 Million Investment in Dycom Industries, Inc. $DY

OVERSEA CHINESE BANKING Corp Ltd bought a new stake in Dycom Industries, Inc. (NYSE:DY) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 6,721 shares of the construction company’s stock, valued at approximately $3,398,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp grew its position in shares of Dycom Industries by 4,626.1% during the first quarter. Jones Financial Companies Lllp now owns 2,174 shares of the construction company’s stock worth $331,000 after acquiring an additional 2,128 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Dycom Industries by 7.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 69,726 shares of the construction company’s stock valued at $10,622,000 after purchasing an additional 4,985 shares during the last quarter. Invesco Ltd. lifted its position in Dycom Industries by 7.0% in the 2nd quarter. Invesco Ltd. now owns 227,127 shares of the construction company’s stock valued at $55,508,000 after purchasing an additional 14,891 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Dycom Industries by 73.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock valued at $39,000 after purchasing an additional 68 shares during the period. Finally, Cerity Partners LLC boosted its stake in Dycom Industries by 8.9% during the 2nd quarter. Cerity Partners LLC now owns 2,239 shares of the construction company’s stock valued at $547,000 after purchasing an additional 183 shares during the period. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries Stock Down 0.3%

Dycom Industries stock opened at $401.63 on Friday. Dycom Industries, Inc. has a 52 week low of $242.55 and a 52 week high of $566.47. The stock has a market cap of $12.06 billion, a price-to-earnings ratio of 38.21, a PEG ratio of 0.71 and a beta of 1.54. The company’s 50-day moving average price is $432.83 and its two-hundred day moving average price is $415.72. 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 issued its quarterly earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share for the quarter, topping analysts’ consensus estimates of $2.73 by $1.69. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.67 billion. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The business’s revenue for the quarter was up 56.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.09 EPS. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. On average, analysts expect that Dycom Industries, Inc. will post 15.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DY has been the subject of several recent analyst reports. Wall Street Zen cut shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 25th. Guggenheim boosted their price objective on Dycom Industries from $575.00 to $620.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. UBS Group reissued a “buy” rating on shares of Dycom Industries in a report on Friday, July 24th. Wells Fargo & Company raised their target price on Dycom Industries from $500.00 to $650.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Finally, JPMorgan Chase & Co. lifted their target price on Dycom Industries from $415.00 to $650.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Eleven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $578.09.

Dycom Industries 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.