Dycom Industries, Inc. $DY Shares Sold by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG cut its stake in Dycom by 64.8%, selling 5,151 shares and leaving 2,798 shares worth about $945,000, while institutional ownership remains very high at 98.33% with several other funds adding or initiating positions.
• Dycom beat Q4 expectations with $2.03 EPS vs. $1.91 expected and revenue of $1.46B (up 34.4% YoY), and analysts are largely bullish — average rating "Buy" with an average target of $431.64 and multiple firms raising price targets (e.g., KeyCorp to $482).

B. Metzler seel. Sohn & Co. AG reduced its stake in Dycom Industries, Inc. (NYSE:DY - Free Report) by 64.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,798 shares of the construction company's stock after selling 5,151 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Dycom Industries were worth $945,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Teacher Retirement System of Texas boosted its stake in Dycom Industries by 32.0% in the fourth quarter. Teacher Retirement System of Texas now owns 12,255 shares of the construction company's stock valued at $4,141,000 after acquiring an additional 2,973 shares during the period. Kingswood Wealth Advisors LLC bought a new stake in shares of Dycom Industries during the fourth quarter valued at approximately $299,000. M&T Bank Corp bought a new stake in shares of Dycom Industries during the fourth quarter valued at approximately $8,865,000. Legacy Advisors LLC bought a new stake in shares of Dycom Industries during the fourth quarter valued at approximately $229,000. Finally, TD Waterhouse Canada Inc. raised its holdings in shares of Dycom Industries by 67.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 16,999 shares of the construction company's stock valued at $5,750,000 after buying an additional 6,861 shares during the last quarter. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Dycom Industries from $395.00 to $415.00 and gave the company an "overweight" rating in a report on Thursday, March 5th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $436.00 price target on shares of Dycom Industries in a report on Friday, March 27th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Dycom Industries in a report on Wednesday, January 21st. Wall Street Zen cut Dycom Industries from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 7th. Finally, KeyCorp lifted their price target on Dycom Industries from $426.00 to $482.00 and gave the company an "overweight" rating in a report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $431.64.

Dycom Industries Price Performance

Shares of NYSE:DY opened at $411.31 on Monday. Dycom Industries, Inc. has a 12 month low of $162.30 and a 12 month high of $445.52. The stock has a market cap of $12.35 billion, a price-to-earnings ratio of 42.84, a PEG ratio of 0.94 and a beta of 1.38. The stock's 50 day moving average price is $381.34 and its 200 day moving average price is $353.13. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.74 and a quick ratio of 2.61.

Dycom Industries (NYSE:DY - Get Free Report) last announced its earnings results on Wednesday, March 4th. The construction company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.91 by $0.12. Dycom Industries had a return on equity of 21.77% and a net margin of 5.07%.The firm had revenue of $1.46 billion for the quarter, compared to analysts' expectations of $1.34 billion. During the same quarter in the previous year, the company earned $1.17 earnings per share. The firm's quarterly revenue was up 34.4% compared to the same quarter last year. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. Equities research analysts anticipate that Dycom Industries, Inc. will post 12.88 earnings per share for the current fiscal year.

Dycom Industries Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.