Charles Schwab Investment Management Inc. Sells 17,912 Shares of Dycom Industries, Inc. $DY

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Dycom Industries by 4.4%, selling 17,912 shares and owning approximately 392,487 shares valued at $59.79 million.
• Institutional investors hold 98.33% of Dycom Industries' stock, with several firms increasing their stakes significantly, including a 1,775% increase by Lazard Asset Management LLC.
• Analysts have a consensus rating of "Buy" for Dycom Industries, with price targets ranging from $250 to $295, reflecting optimism about the company's performance.

Charles Schwab Investment Management Inc. lessened its stake in Dycom Industries, Inc. (NYSE:DY - Free Report) by 4.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 392,487 shares of the construction company's stock after selling 17,912 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.36% of Dycom Industries worth $59,791,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Alyeska Investment Group L.P. acquired a new stake in shares of Dycom Industries in the 4th quarter valued at about $80,584,000. OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of Dycom Industries by 851.6% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 475,637 shares of the construction company's stock worth $72,459,000 after purchasing an additional 425,652 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Dycom Industries by 327.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 399,226 shares of the construction company's stock worth $60,818,000 after purchasing an additional 305,755 shares during the last quarter. First Trust Advisors LP increased its position in shares of Dycom Industries by 142.9% during the 4th quarter. First Trust Advisors LP now owns 496,407 shares of the construction company's stock worth $86,405,000 after purchasing an additional 292,050 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its position in shares of Dycom Industries by 261.6% during the 4th quarter. Point72 Asset Management L.P. now owns 224,277 shares of the construction company's stock worth $39,038,000 after purchasing an additional 162,262 shares during the last quarter. Institutional investors and hedge funds own 98.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DY shares. JPMorgan Chase & Co. boosted their price target on Dycom Industries from $200.00 to $250.00 and gave the stock an "overweight" rating in a research report on Thursday, May 22nd. Wall Street Zen cut Dycom Industries from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Raymond James Financial boosted their price objective on Dycom Industries from $215.00 to $255.00 and gave the stock a "strong-buy" rating in a report on Thursday, May 22nd. DA Davidson boosted their price target on Dycom Industries from $220.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Finally, KeyCorp boosted their price target on Dycom Industries from $255.00 to $295.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $264.63.

Dycom Industries Price Performance

Shares of DY traded down $1.70 during midday trading on Tuesday, hitting $271.21. The company's stock had a trading volume of 406,635 shares, compared to its average volume of 432,306. Dycom Industries, Inc. has a one year low of $131.37 and a one year high of $285.64. The company's fifty day simple moving average is $253.79 and its two-hundred day simple moving average is $203.38. The company has a quick ratio of 2.68, a current ratio of 2.89 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $7.84 billion, a price-to-earnings ratio of 34.37, a price-to-earnings-growth ratio of 1.54 and a beta of 1.34.

Dycom Industries (NYSE:DY - Get Free Report) last announced its quarterly earnings results on Wednesday, May 21st. The construction company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.47. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.19 billion. Dycom Industries had a net margin of 4.81% and a return on equity of 20.04%. The firm's revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.12 EPS. Dycom Industries has set its FY 2026 guidance at EPS. Q2 2026 guidance at 2.740-3.050 EPS. As a group, equities analysts expect that Dycom Industries, Inc. will post 7.13 earnings per share 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.