Dycom Industries, Inc. $DY Holdings Lowered by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in Dycom Industries by 3.5%, holding 210,374 shares valued at approximately $32 million.
• Oversea Chinese Banking Corp significantly increased its stake by 851.6%, acquiring 475,637 shares worth about $72 million, while other hedge funds also expanded their positions in Dycom.
• Analysts have generally positive views on Dycom Industries, with several raising price targets, resulting in a consensus rating of "Buy" and an average target of $289.43.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its position in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) by 3.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 210,374 shares of the construction company's stock after selling 7,649 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.73% of Dycom Industries worth $32,049,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in DY. Versant Capital Management Inc acquired a new position in Dycom Industries during the 1st quarter worth $28,000. AlphaQuest LLC acquired a new position in shares of Dycom Industries in the 1st quarter valued at about $37,000. Federated Hermes Inc. boosted its holdings in shares of Dycom Industries by 27.1% in the 1st quarter. Federated Hermes Inc. now owns 492 shares of the construction company's stock valued at $75,000 after buying an additional 105 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Dycom Industries by 370.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 607 shares of the construction company's stock valued at $92,000 after buying an additional 478 shares during the period. Finally, Archer Investment Corp acquired a new position in shares of Dycom Industries in the 1st quarter valued at about $99,000. 98.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. KeyCorp lifted their price target 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. JPMorgan Chase & Co. lifted their price target on shares of Dycom Industries from $250.00 to $275.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. UBS Group lifted their price target on shares of Dycom Industries from $288.00 to $296.00 and gave the company a "buy" rating in a report on Thursday, August 21st. Zacks Research raised shares of Dycom Industries to a "hold" rating in a report on Monday, August 11th. Finally, Wall Street Zen raised shares of Dycom Industries from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Dycom Industries presently has an average rating of "Buy" and an average target price of $289.43.

Dycom Industries Stock Performance

Dycom Industries stock traded down $1.40 during midday trading on Friday, reaching $257.44. 81,440 shares of the stock traded hands, compared to its average volume of 436,482. The company has a current ratio of 3.16, a quick ratio of 2.96 and a debt-to-equity ratio of 0.74. The firm has a fifty day moving average price of $260.00 and a two-hundred day moving average price of $211.89. The firm has a market cap of $7.45 billion, a price-to-earnings ratio of 28.93, a PEG ratio of 1.25 and a beta of 1.18. Dycom Industries, Inc. has a fifty-two week low of $131.37 and a fifty-two week high of $285.64.

Dycom Industries (NYSE:DY - Get Free Report) last released its quarterly earnings results 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 company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the previous year, the firm earned $2.46 EPS. Dycom Industries's revenue 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. On average, equities research analysts forecast that Dycom Industries, Inc. will post 7.13 earnings per share for the current 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.