Dycom Industries, Inc. $DY Shares Sold by Aberdeen Group plc

by · The Cerbat Gem

Aberdeen Group plc lowered its position in Dycom Industries, Inc. (NYSE:DY – Free Report) by 51.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,500 shares of the construction company’s stock after selling 13,400 shares during the period. Aberdeen Group plc’s holdings in Dycom Industries were worth $3,055,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Millennium Management LLC grew its holdings in Dycom Industries by 3.2% during the 1st quarter. Millennium Management LLC now owns 1,481,394 shares of the construction company’s stock valued at $225,676,000 after buying an additional 45,562 shares during the last quarter. Hill City Capital LP grew its holdings in Dycom Industries by 14.1% during the 1st quarter. Hill City Capital LP now owns 969,784 shares of the construction company’s stock valued at $147,737,000 after buying an additional 120,000 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in 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 valued at $72,459,000 after buying an additional 425,652 shares during the last quarter. Appian Way Asset Management LP grew its holdings in Dycom Industries by 108.1% during the 1st quarter. Appian Way Asset Management LP now owns 189,685 shares of the construction company’s stock valued at $28,897,000 after buying an additional 98,542 shares during the last quarter. Finally, Voya Investment Management LLC grew its holdings in Dycom Industries by 1,432.2% during the 1st quarter. Voya Investment Management LLC now owns 144,883 shares of the construction company’s stock valued at $22,071,000 after buying an additional 135,427 shares during the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries Trading Down 1.2%

Shares of DY opened at $295.33 on Friday. 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 market capitalization of $8.55 billion, a P/E ratio of 33.18, a price-to-earnings-growth ratio of 1.43 and a beta of 1.15. The stock’s fifty day simple moving average is $271.25 and its 200 day simple moving average is $233.79. Dycom Industries, Inc. has a twelve month low of $131.37 and a twelve month high of $301.88.

Dycom Industries (NYSE:DY – Get Free Report) last issued its earnings results on Wednesday, August 20th. The construction company reported $3.33 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.41. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.41 billion. Dycom Industries had a return on equity of 21.17% and a net margin of 5.23%.The business’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period last year, the company posted $2.46 EPS. 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.

Analysts Set New Price Targets

A number of brokerages have commented on DY. UBS Group increased their target price on Dycom Industries from $296.00 to $336.00 and gave the company a “buy” rating in a report on Monday. Wells Fargo & Company increased their target price on Dycom Industries from $295.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, September 26th. Wall Street Zen upgraded Dycom Industries from a “hold” rating to a “buy” rating in a report on Friday, August 22nd. Raymond James Financial increased their target price on Dycom Industries from $290.00 to $300.00 and gave the company a “strong-buy” rating in a report on Thursday, August 21st. Finally, KeyCorp raised their price objective on Dycom Industries from $255.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $298.25.

Get Our Latest Analysis on DY

Dycom Industries Company Profile

(Free Report)

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.

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