KBC Group NV Sells 652 Shares of Dycom Industries, Inc. $DY

KBC Group NV reduced its stake in Dycom Industries, Inc. (NYSE:DY) by 45.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. AlphaQuest LLC bought a new stake in shares of Dycom Industries during the 1st quarter valued at $37,000. Federated Hermes Inc. raised its stake in Dycom Industries by 27.1% in the first quarter. Federated Hermes Inc. now owns 492 shares of the construction company’s stock valued at $75,000 after purchasing an additional 105 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in Dycom Industries by 370.5% during the first quarter. Caitong International Asset Management Co. Ltd now owns 607 shares of the construction company’s stock worth $92,000 after purchasing an additional 478 shares during the period. CWM LLC grew its stake in Dycom Industries by 40.7% during the first quarter. CWM LLC now owns 785 shares of the construction company’s stock worth $120,000 after buying an additional 227 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Dycom Industries by 83.1% in the 2nd quarter. GAMMA Investing LLC now owns 705 shares of the construction company’s stock valued at $172,000 after buying an additional 320 shares during the period. Institutional investors and hedge funds own 98.33% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Raymond James Financial boosted their price objective on shares of Dycom Industries from $290.00 to $300.00 and gave the company a “strong-buy” rating in a research report on Thursday, August 21st. Wall Street Zen cut Dycom Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday. JPMorgan Chase & Co. upped their price objective on Dycom Industries from $250.00 to $275.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. KeyCorp lifted their target price on Dycom Industries from $306.00 to $320.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Dycom Industries in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $302.63.

Dycom Industries Stock Performance

Dycom Industries stock opened at $295.98 on Wednesday. The business has a 50 day moving average of $284.12 and a 200-day moving average of $256.92. The company has a market capitalization of $8.57 billion, a P/E ratio of 33.26, a P/E/G ratio of 1.38 and a beta of 1.23. Dycom Industries, Inc. has a 1 year low of $131.37 and a 1 year high of $301.88. 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 (NYSE:DY) last posted its earnings results on Wednesday, August 20th. The construction company reported $3.33 EPS for the quarter, topping the consensus estimate of $2.92 by $0.41. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.41 billion. Dycom Industries had a net margin of 5.23% and a return on equity of 21.17%. The firm’s revenue was up 14.5% compared to the same quarter last year. During the same period last year, the company earned $2.46 EPS. On average, equities research analysts predict that Dycom Industries, Inc. will post 7.13 earnings per share for the current year.

Dycom Industries Company Profile

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.