OVERSEA CHINESE BANKING Corp Ltd Trims Stock Holdings in Dycom Industries, Inc. $DY

OVERSEA CHINESE BANKING Corp Ltd reduced its stake in Dycom Industries, Inc. (NYSE:DY) by 22.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,820 shares of the construction company’s stock after selling 11,400 shares during the period. OVERSEA CHINESE BANKING Corp Ltd owned approximately 0.13% of Dycom Industries worth $9,487,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. CW Advisors LLC raised its holdings in Dycom Industries by 1.0% in the 1st quarter. CW Advisors LLC now owns 9,338 shares of the construction company’s stock valued at $1,423,000 after buying an additional 91 shares during the period. Federated Hermes Inc. raised its holdings in Dycom Industries by 27.1% in the 1st quarter. Federated Hermes Inc. now owns 492 shares of the construction company’s stock valued at $75,000 after buying an additional 105 shares during the period. Somerset Trust Co raised its holdings in Dycom Industries by 1.8% in the 2nd quarter. Somerset Trust Co now owns 6,059 shares of the construction company’s stock valued at $1,481,000 after buying an additional 110 shares during the period. Xponance Inc. raised its holdings in Dycom Industries by 5.7% in the 1st quarter. Xponance Inc. now owns 2,163 shares of the construction company’s stock valued at $330,000 after buying an additional 116 shares during the period. Finally, First Bank & Trust raised its holdings in Dycom Industries by 9.8% in the 2nd quarter. First Bank & Trust now owns 2,097 shares of the construction company’s stock valued at $512,000 after buying an additional 188 shares during the period. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. DA Davidson boosted their price objective on shares of Dycom Industries from $265.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, August 21st. Zacks Research upgraded shares of Dycom Industries from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Wall Street Zen upgraded shares of Dycom Industries from a “hold” rating to a “buy” rating in a research note on Friday, August 22nd. Wells Fargo & Company boosted their price target on shares of Dycom Industries from $295.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, September 26th. Finally, UBS Group boosted their price target on shares of Dycom Industries from $296.00 to $336.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Two analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $301.38.

Dycom Industries Stock Performance

Shares of Dycom Industries stock opened at $291.24 on Monday. Dycom Industries, Inc. has a one year low of $131.37 and a one year high of $301.88. The company has a market cap of $8.43 billion, a PE ratio of 32.72, a P/E/G ratio of 1.39 and a beta of 1.15. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.96 and a current ratio of 3.16. The business has a 50-day simple moving average of $273.08 and a 200-day simple moving average of $240.97.

Dycom Industries (NYSE:DY) last announced its quarterly earnings data on Wednesday, August 20th. The construction company reported $3.33 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $0.41. Dycom Industries had a return on equity of 21.17% and a net margin of 5.23%.The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the previous year, the company posted $2.46 earnings per share. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. On average, equities research analysts forecast that Dycom Industries, Inc. will post 7.13 EPS for the current fiscal year.

Dycom Industries 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.