OVERSEA CHINESE BANKING Corp Ltd Sells 1,255 Shares of Dycom Industries, Inc. $DY

OVERSEA CHINESE BANKING Corp Ltd lessened its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 6.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,607 shares of the construction company’s stock after selling 1,255 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd owned approximately 0.06% of Dycom Industries worth $6,293,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sound Income Strategies LLC bought a new stake in Dycom Industries during the 4th quarter valued at $32,000. Root Financial Partners LLC bought a new stake in Dycom Industries during the 3rd quarter valued at $26,000. Optiver Holding B.V. boosted its position in shares of Dycom Industries by 57.1% in the 3rd quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock worth $32,000 after purchasing an additional 40 shares in the last quarter. CI Investments Inc. boosted its position in shares of Dycom Industries by 259.4% in the 3rd quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock worth $34,000 after purchasing an additional 83 shares in the last quarter. Finally, Salomon & Ludwin LLC acquired a new stake in shares of Dycom Industries in the 3rd quarter worth $37,000. Institutional investors own 98.33% of the company’s stock.

Dycom Industries Stock Performance

Shares of DY opened at $404.63 on Wednesday. The stock has a 50-day moving average of $382.13 and a two-hundred day moving average of $350.56. Dycom Industries, Inc. has a one year low of $150.29 and a one year high of $445.52. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.61 and a current ratio of 2.74. The stock has a market cap of $12.15 billion, a P/E ratio of 42.15, a P/E/G ratio of 0.94 and a beta of 1.38.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Wednesday, March 4th. The construction company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.12. Dycom Industries had a return on equity of 21.77% and a net margin of 5.07%.The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the firm posted $1.17 EPS. The firm’s revenue 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. As a group, research analysts predict that Dycom Industries, Inc. will post 12.88 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DY. Vertical Research began coverage on Dycom Industries in a research report on Tuesday, December 23rd. They issued a “buy” rating and a $420.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on Dycom Industries from $395.00 to $415.00 and gave the stock an “overweight” rating in a research report on Thursday, March 5th. Guggenheim began coverage on Dycom Industries in a research report on Thursday, January 22nd. They issued a “buy” rating and a $510.00 price objective for the company. Wall Street Zen cut Dycom Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 7th. Finally, Zacks Research raised Dycom Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price 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.