Oppenheimer Asset Management Inc. Decreases Stock Position in Dycom Industries, Inc. $DY

Oppenheimer Asset Management Inc. reduced its holdings in Dycom Industries, Inc. (NYSE:DY) by 58.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 2,978 shares of the construction company’s stock after selling 4,246 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Dycom Industries were worth $728,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of DY. OVERSEA CHINESE BANKING Corp Ltd lifted its position in shares of Dycom Industries by 851.6% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 475,637 shares of the construction company’s stock worth $72,459,000 after buying an additional 425,652 shares during the last quarter. Nuveen LLC bought a new position in shares of Dycom Industries in the 1st quarter worth about $21,451,000. Voya Investment Management LLC lifted its position in Dycom Industries by 1,432.2% in the 1st quarter. Voya Investment Management LLC now owns 144,883 shares of the construction company’s stock valued at $22,071,000 after purchasing an additional 135,427 shares during the last quarter. Hill City Capital LP lifted its position in Dycom Industries by 14.1% in the 1st quarter. Hill City Capital LP now owns 969,784 shares of the construction company’s stock valued at $147,737,000 after purchasing an additional 120,000 shares during the last quarter. Finally, Appian Way Asset Management LP lifted its position in Dycom Industries by 108.1% in 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 purchasing an additional 98,542 shares during the last quarter. 98.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on DY. JPMorgan Chase & Co. raised their target price on shares of Dycom Industries from $250.00 to $275.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. UBS Group boosted their price target on shares of Dycom Industries from $296.00 to $336.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Zacks Research upgraded shares of Dycom Industries from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Wall Street Zen upgraded shares of Dycom Industries from a “hold” rating to a “buy” rating in a research report on Friday, August 22nd. Finally, Wells Fargo & Company boosted their price target on shares of Dycom Industries from $295.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, September 26th. Two investment analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $301.38.

Dycom Industries Stock Performance

DY stock opened at $287.59 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.96 and a current ratio of 3.16. The stock has a market cap of $8.33 billion, a P/E ratio of 32.31, a P/E/G ratio of 1.38 and a beta of 1.15. The firm has a 50 day simple moving average of $275.27 and a 200 day simple moving average of $245.62. Dycom Industries, Inc. has a 52 week low of $131.37 and a 52 week high of $301.88.

Dycom Industries (NYSE:DY) last posted its earnings results 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 net margin of 5.23% and a return on equity of 21.17%. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the previous year, the company earned $2.46 earnings per share. The company’s 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 anticipate that Dycom Industries, Inc. will post 7.13 earnings per share for the current fiscal 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.