Callahan Advisors LLC Sells 1,065 Shares of Dycom Industries, Inc. $DY

Key Points

• Callahan Advisors LLC has sold 1,065 shares of Dycom Industries, reducing its holdings by 3.0% to approximately 34,861 shares, valued at $8.52 million.
• Several institutional investors, including KBC Group NV and Federated Hermes Inc., have increased their stakes in Dycom Industries, reflecting a strong interest in the company.
• Dycom Industries reported earnings of $3.33 per share, surpassing analysts' expectations, and set a fiscal year 2026 guidance for EPS between 3.030 and 3.36.

Callahan Advisors LLC reduced its holdings in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) by 3.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,861 shares of the construction company's stock after selling 1,065 shares during the quarter. Callahan Advisors LLC owned approximately 0.12% of Dycom Industries worth $8,520,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. KBC Group NV grew its stake in shares of Dycom Industries by 18.9% during the 1st quarter. KBC Group NV now owns 1,443 shares of the construction company's stock worth $220,000 after acquiring an additional 229 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Dycom Industries in the first quarter valued at $342,000. Federated Hermes Inc. grew its stake in shares of 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 buying an additional 105 shares in the last quarter. Cetera Investment Advisers bought a new position in shares of Dycom Industries in the first quarter valued at $387,000. Finally, Greenleaf Trust bought a new position in shares of Dycom Industries in the second quarter valued at $246,000. 98.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Dycom Industries from $250.00 to $275.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. KeyCorp raised their target price on shares of Dycom Industries from $255.00 to $295.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Wall Street Zen raised shares of Dycom Industries from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. UBS Group raised their target price on shares of Dycom Industries from $296.00 to $336.00 and gave the company a "buy" rating in a research note on Monday. Finally, Zacks Research raised shares of Dycom Industries to a "hold" rating in a research note on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Dycom Industries currently has a consensus rating of "Buy" and a consensus price target of $298.25.

Dycom Industries Trading Up 2.0%

DY stock opened at $298.73 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.16 and a quick ratio of 2.96. The company has a fifty day moving average price of $270.86 and a two-hundred day moving average price of $232.81. Dycom Industries, Inc. has a one year low of $131.37 and a one year high of $300.00. The stock has a market cap of $8.65 billion, a price-to-earnings ratio of 33.56, a price-to-earnings-growth ratio of 1.40 and a beta of 1.15.

Dycom Industries (NYSE:DY - Get Free Report) last released 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 net margin of 5.23% and a return on equity of 21.17%. The firm had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.41 billion. During the same period in the previous year, the business posted $2.46 earnings per share. The company's revenue for the quarter was up 14.5% compared to the same quarter last year. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. Equities analysts anticipate that Dycom Industries, Inc. will post 7.13 EPS 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.

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