Asset Management One Co. Ltd. Sells 3,401 Shares of Dycom Industries, Inc. $DY

Asset Management One Co. Ltd. decreased its holdings in Dycom Industries, Inc. (NYSE:DY) by 11.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,245 shares of the construction company’s stock after selling 3,401 shares during the period. Asset Management One Co. Ltd. owned 0.09% of Dycom Industries worth $6,658,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in DY. KBC Group NV boosted 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 worth $220,000 after acquiring an additional 229 shares during the period. Applied Fundamental Research LLC lifted its position in shares of Dycom Industries by 48.0% in the first quarter. Applied Fundamental Research LLC now owns 75,526 shares of the construction company’s stock worth $11,506,000 after buying an additional 24,495 shares in the last quarter. Xponance Inc. lifted its position in shares of Dycom Industries by 5.7% in the first quarter. Xponance Inc. now owns 2,163 shares of the construction company’s stock worth $330,000 after buying an additional 116 shares in the last quarter. Callahan Advisors LLC lifted its position in shares of Dycom Industries by 14.2% in the first quarter. Callahan Advisors LLC now owns 35,926 shares of the construction company’s stock worth $5,473,000 after buying an additional 4,478 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its position in shares of Dycom Industries by 30.8% in the first quarter. New York State Common Retirement Fund now owns 81,052 shares of the construction company’s stock worth $12,347,000 after buying an additional 19,107 shares in the last quarter. Institutional investors own 98.33% of the company’s stock.

Dycom Industries Trading Up 0.4%

Shares of DY stock opened at $285.26 on Wednesday. Dycom Industries, Inc. has a 1 year low of $131.37 and a 1 year high of $301.88. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.16 and a quick ratio of 2.96. The stock’s 50 day simple moving average is $273.61 and its two-hundred day simple moving average is $242.80. The company has a market cap of $8.26 billion, a PE ratio of 32.05, a price-to-earnings-growth ratio of 1.36 and a beta of 1.15.

Dycom Industries (NYSE:DY) last issued its quarterly earnings data on Wednesday, August 20th. The construction company reported $3.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.92 by $0.41. Dycom Industries had a return on equity of 21.17% and a net margin of 5.23%.The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the prior year, the business posted $2.46 earnings per share. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. Research analysts predict that Dycom Industries, Inc. will post 7.13 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently commented on DY. JPMorgan Chase & Co. boosted their target price on Dycom Industries from $250.00 to $275.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Wall Street Zen upgraded Dycom Industries from a “hold” rating to a “buy” rating in a research report on Friday, August 22nd. Raymond James Financial boosted their target price on Dycom Industries from $290.00 to $300.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 21st. KeyCorp boosted their target price on Dycom Industries from $306.00 to $320.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Finally, Bank of America boosted their target price on Dycom Industries from $299.00 to $310.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Two research analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. According to data from MarketBeat, Dycom Industries presently has an average rating of “Buy” and an average price target of $301.38.

About Dycom Industries

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.