B. Metzler seel. Sohn & Co. AG Takes $1.42 Million Position in Dycom Industries, Inc. $DY

Key Points

• B. Metzler seel. Sohn & Co. AG initiated a $1.42 million position in Dycom Industries by purchasing 2,798 shares during the second quarter. Institutional investors collectively own 98.33% of the company.
• Dycom reported strong quarterly results, with EPS of $4.42 versus the $2.73 consensus estimate and revenue of $1.96 billion, up 56.1% year over year.
• Analysts remain broadly bullish: 11 analysts rate the stock Buy and one rates it Hold, producing a “Moderate Buy” consensus and an average price target of $578.09.

B. Metzler seel. Sohn & Co. AG bought a new stake in Dycom Industries, Inc. (NYSE:DY - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,798 shares of the construction company's stock, valued at approximately $1,415,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of DY. Northwestern Mutual Wealth Management Co. boosted its position in Dycom Industries by 265,593,055.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 23,903,384 shares of the construction company's stock worth $8,076,953,000 after purchasing an additional 23,903,375 shares during the period. BlackRock Inc. acquired a new position in shares of Dycom Industries in the second quarter valued at $1,513,523,000. Bank of New York Mellon Corp bought a new position in shares of Dycom Industries in the second quarter valued at about $90,216,000. First Trust Advisors LP lifted its stake in shares of Dycom Industries by 27.8% during the 1st quarter. First Trust Advisors LP now owns 798,699 shares of the construction company's stock worth $270,615,000 after buying an additional 173,528 shares during the last quarter. Finally, Alyeska Investment Group L.P. acquired a new stake in Dycom Industries during the third quarter worth approximately $44,553,000. Institutional investors own 98.33% of the company's stock.

Dycom Industries Stock Performance

Shares of Dycom Industries stock opened at $393.24 on Monday. The company has a current ratio of 2.58, a quick ratio of 2.46 and a debt-to-equity ratio of 1.48. The company has a market cap of $11.81 billion, a PE ratio of 37.42, a price-to-earnings-growth ratio of 0.69 and a beta of 1.54. The company has a 50 day moving average of $431.31 and a 200-day moving average of $415.79. Dycom Industries, Inc. has a 1-year low of $242.55 and a 1-year high of $566.47.

Dycom Industries (NYSE:DY - Get Free Report) last announced its quarterly earnings data on Wednesday, May 27th. The construction company reported $4.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.73 by $1.69. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The business had revenue of $1.96 billion for the quarter, compared to analysts' expectations of $1.67 billion. During the same period last year, the firm posted $2.09 earnings per share. The firm'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. As a group, equities research analysts forecast that Dycom Industries, Inc. will post 15.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Cantor Fitzgerald upped their target price on Dycom Industries from $436.00 to $654.00 and gave the company an "overweight" rating in a research report on Friday, May 29th. UBS Group reissued a "buy" rating on shares of Dycom Industries in a report on Friday, July 24th. Wells Fargo & Company upped their price objective on Dycom Industries from $500.00 to $650.00 and gave the company an "overweight" rating in a report on Thursday, May 28th. Wedbush set a $654.00 price objective on Dycom Industries in a research report on Friday, May 29th. Finally, JPMorgan Chase & Co. increased their price objective on Dycom Industries from $415.00 to $650.00 and gave the stock an "overweight" rating in a research report on Thursday, May 28th. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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