Charles Schwab Investment Management Inc. Sells 9,831 Shares of Dycom Industries, Inc. $DY

Charles Schwab Investment Management Inc. cut its holdings in shares of Dycom Industries, Inc. (NYSE:DY) by 2.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 382,656 shares of the construction company’s stock after selling 9,831 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.32% of Dycom Industries worth $93,517,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AlphaQuest LLC acquired a new position in Dycom Industries during the 1st quarter valued at about $37,000. Federated Hermes Inc. lifted its holdings in shares of Dycom Industries by 27.1% in the first quarter. Federated Hermes Inc. now owns 492 shares of the construction company’s stock valued at $75,000 after purchasing an additional 105 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Dycom Industries by 370.5% in the first quarter. Caitong International Asset Management Co. Ltd now owns 607 shares of the construction company’s stock valued at $92,000 after purchasing an additional 478 shares in the last quarter. Archer Investment Corp boosted its position in shares of Dycom Industries by 6.2% during the second quarter. Archer Investment Corp now owns 690 shares of the construction company’s stock valued at $169,000 after buying an additional 40 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Dycom Industries by 83.1% during the second quarter. GAMMA Investing LLC now owns 705 shares of the construction company’s stock worth $172,000 after buying an additional 320 shares in the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries Stock Performance

NYSE DY opened at $365.42 on Friday. The company has a market capitalization of $10.58 billion, a PE ratio of 41.06, a price-to-earnings-growth ratio of 1.38 and a beta of 1.23. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.96 and a current ratio of 3.16. Dycom Industries, Inc. has a 52-week low of $131.37 and a 52-week high of $364.40. The company has a 50-day simple moving average of $297.19 and a 200 day simple moving average of $264.61.

Dycom Industries (NYSE:DY) last released its earnings results on Wednesday, November 19th. The construction company reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.48. Dycom Industries had a net margin of 5.23% and a return on equity of 21.17%. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the previous year, the company earned $2.68 earnings per share. The company’s quarterly revenue was up 14.2% on a year-over-year basis. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. FY 2026 guidance at EPS. On average, research analysts predict that Dycom Industries, Inc. will post 7.13 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on DY shares. DA Davidson raised their price objective on Dycom Industries from $300.00 to $390.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Wall Street Zen raised shares of Dycom Industries from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 23rd. Zacks Research upgraded shares of Dycom Industries from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Raymond James Financial increased their price objective on shares of Dycom Industries from $290.00 to $300.00 and gave the company a “strong-buy” rating in a research note on Thursday, August 21st. Finally, JPMorgan Chase & Co. lifted their target price on shares of Dycom Industries from $275.00 to $370.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. Two investment analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $371.25.

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.