B. Metzler seel. Sohn & Co. AG Takes Position in Dycom Industries, Inc. $DY

B. Metzler seel. Sohn & Co. AG purchased a new position in shares of Dycom Industries, Inc. (NYSE:DY) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,949 shares of the construction company’s stock, valued at approximately $2,319,000.

Other large investors have also modified their holdings of the company. Root Financial Partners LLC acquired a new position in Dycom Industries during the 3rd quarter valued at about $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Dycom Industries in the second quarter valued at approximately $32,000. Optiver Holding B.V. increased its stake in shares of Dycom Industries by 57.1% in the third quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock valued at $32,000 after purchasing an additional 40 shares during the period. CI Investments Inc. raised its holdings in shares of Dycom Industries by 259.4% during the third quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock valued at $34,000 after buying an additional 83 shares during the last quarter. Finally, Salomon & Ludwin LLC bought a new stake in shares of Dycom Industries during the third quarter valued at approximately $37,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DY. Guggenheim began coverage on Dycom Industries in a report on Thursday, January 22nd. They issued a “buy” rating and a $510.00 price objective for the company. DA Davidson lifted their target price on Dycom Industries from $300.00 to $390.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Zacks Research lowered Dycom Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th. Wall Street Zen cut Dycom Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, JPMorgan Chase & Co. raised their price target on Dycom Industries from $395.00 to $415.00 and gave the company an “overweight” rating in a report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Dycom Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of $431.20.

Insider Activity at Dycom Industries

In other news, Director Eitan Gertel sold 3,645 shares of the business’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $345.62, for a total value of $1,259,784.90. Following the sale, the director owned 15,997 shares of the company’s stock, valued at approximately $5,528,883.14. The trade was a 18.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.72% of the company’s stock.

Dycom Industries Price Performance

NYSE DY opened at $360.02 on Tuesday. Dycom Industries, Inc. has a 12 month low of $131.37 and a 12 month high of $445.52. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.74 and a quick ratio of 2.61. The firm has a market capitalization of $10.43 billion, a PE ratio of 37.50, a P/E/G ratio of 1.22 and a beta of 1.34. The company’s 50 day simple moving average is $382.67 and its 200 day simple moving average is $328.89.

Dycom Industries (NYSE:DY) last announced its earnings results on Wednesday, March 4th. The construction company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.91 by $0.12. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Dycom Industries had a return on equity of 21.77% and a net margin of 5.07%.The firm’s quarterly revenue was up 34.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.17 earnings per share. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. As a group, equities research analysts forecast that Dycom Industries, Inc. will post 7.13 EPS for the current fiscal year.

Dycom Industries Company 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.