Dycom Industries, Inc. $DY Shares Sold by Deutsche Bank AG

Key Points

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Deutsche Bank AG decreased its position in Dycom Industries, Inc. (NYSE:DY - Free Report) by 9.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,981 shares of the construction company's stock after selling 2,313 shares during the period. Deutsche Bank AG owned about 0.08% of Dycom Industries worth $3,501,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in DY. KBC Group NV lifted its stake in shares of Dycom Industries by 18.9% in the first quarter. KBC Group NV now owns 1,443 shares of the construction company's stock valued at $220,000 after purchasing an additional 229 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Dycom Industries during the first quarter worth about $342,000. Public Employees Retirement System of Ohio grew its holdings in shares of Dycom Industries by 105.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 1,114 shares of the construction company's stock worth $194,000 after buying an additional 572 shares in the last quarter. J. Goldman & Co LP grew its holdings in shares of Dycom Industries by 25.4% during the fourth quarter. J. Goldman & Co LP now owns 90,253 shares of the construction company's stock worth $15,709,000 after buying an additional 18,289 shares in the last quarter. Finally, Federated Hermes Inc. grew its holdings 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 during the period. Hedge funds and other institutional investors own 98.33% of the company's stock.

Dycom Industries Trading Down 1.7%

DY traded down $4.39 during trading on Friday, hitting $257.80. 541,533 shares of the company's stock were exchanged, compared to its average volume of 413,670. The company has a current ratio of 3.16, a quick ratio of 2.68 and a debt-to-equity ratio of 0.74. Dycom Industries, Inc. has a 1 year low of $131.37 and a 1 year high of $285.64. The stock has a 50 day moving average price of $255.98 and a 200 day moving average price of $205.33. The firm has a market cap of $7.46 billion, a P/E ratio of 28.97, a price-to-earnings-growth ratio of 1.47 and a beta of 1.34.

Dycom Industries (NYSE:DY - Get Free Report) last released its quarterly earnings data on Wednesday, August 20th. The construction company reported $3.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.41. Dycom Industries had a net margin of 5.23% and a return on equity of 21.17%. The company 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 firm earned $2.46 earnings per share. Dycom Industries'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. As a group, analysts expect that Dycom Industries, Inc. will post 7.13 EPS for the current fiscal year.

Analysts Set New Price Targets

DY has been the subject of a number of recent analyst reports. KeyCorp boosted their target price on shares of Dycom Industries from $255.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. DA Davidson boosted their target price on shares of Dycom Industries from $265.00 to $300.00 and gave the company a "buy" rating in a report on Thursday. Wall Street Zen upgraded shares of Dycom Industries from a "hold" rating to a "buy" rating in a report on Friday. Wells Fargo & Company boosted their target price on shares of Dycom Industries from $250.00 to $295.00 and gave the company an "overweight" rating in a report on Monday, August 18th. Finally, UBS Group boosted their target price on shares of Dycom Industries from $288.00 to $296.00 and gave the company a "buy" rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $289.43.

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.