OVERSEA CHINESE BANKING Corp Ltd Makes New $3.40 Million Investment in Dycom Industries, Inc. $DY

Key Points

• Oversea-Chinese Banking Corp. acquired 6,721 shares of Dycom Industries in the second quarter, valued at approximately $3.40 million. Institutional investors collectively own 98.33% of the company.
• Dycom reported strong quarterly results, with EPS of $4.42 versus analyst expectations of $2.73 and revenue of $1.96 billion, up 56.1% year over year.
• Analyst sentiment remains positive: 11 analysts rate the stock a Buy and one rates it Hold, producing a consensus “Moderate Buy” rating and an average price target of $578.09.

OVERSEA CHINESE BANKING Corp Ltd bought a new stake in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 6,721 shares of the construction company's stock, valued at approximately $3,398,000.

A number of other hedge funds have also made changes to their positions in DY. Kemnay Advisory Services Inc. acquired a new stake in Dycom Industries in the fourth quarter valued at $30,000. Harbor Investment Advisory LLC acquired a new position in Dycom Industries during the 2nd quarter worth $52,000. Acumen Wealth Advisors LLC acquired a new position in Dycom Industries during the 4th quarter worth $35,000. Legacy Wealth Managment LLC ID bought a new stake in shares of Dycom Industries in the 4th quarter worth about $39,000. Finally, Nemes Rush Group LLC bought a new stake in shares of Dycom Industries in the 4th quarter worth about $40,000. Institutional investors and hedge funds own 98.33% of the company's stock.

Dycom Industries Trading Down 0.3%

NYSE DY opened at $401.63 on Friday. Dycom Industries, Inc. has a one year low of $242.55 and a one year high of $566.47. The company has a 50-day simple moving average of $432.83 and a 200-day simple moving average of $415.72. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.46 and a current ratio of 2.58. The firm has a market capitalization of $12.06 billion, a PE ratio of 38.21, a price-to-earnings-growth ratio of 0.71 and a beta of 1.54.

Dycom Industries (NYSE:DY - Get Free Report) last announced its quarterly earnings data on Wednesday, May 27th. The construction company reported $4.42 earnings per share for the quarter, beating analysts' consensus estimates of $2.73 by $1.69. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.67 billion. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The company's revenue for the quarter was up 56.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.09 EPS. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. On average, equities analysts forecast that Dycom Industries, Inc. will post 15.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on DY shares. Wedbush set a $654.00 price target on shares of Dycom Industries in a research report on Friday, May 29th. Zacks Research lowered Dycom Industries from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. Weiss Ratings upgraded Dycom Industries from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, August 13th. Cantor Fitzgerald increased their target price on Dycom Industries from $436.00 to $654.00 and gave the stock an "overweight" rating in a report on Friday, May 29th. Finally, UBS Group reiterated a "buy" rating on shares of Dycom Industries in a research report on Friday, July 24th. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $578.09.

Dycom Industries 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.

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