Dycom Industries, Inc. $DY Holdings Lowered by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd reduced its stake in Dycom Industries, Inc. (NYSE:DY) by 73.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,043 shares of the construction company’s stock after selling 30,647 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Dycom Industries were worth $3,742,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Kemnay Advisory Services Inc. acquired a new position in shares of Dycom Industries during the 4th quarter valued at $30,000. Sound Income Strategies LLC acquired a new stake in Dycom Industries during the fourth quarter valued at approximately $32,000. CI Investments Inc. lifted its stake in 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 purchasing an additional 83 shares during the last quarter. Acumen Wealth Advisors LLC bought a new stake in Dycom Industries during the fourth quarter worth approximately $35,000. Finally, Legacy Wealth Managment LLC ID bought a new position in shares of Dycom Industries in the fourth quarter valued at $39,000. 98.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DY. Weiss Ratings lowered Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 18th. Guggenheim increased their price target on Dycom Industries from $575.00 to $620.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Zacks Research raised shares of Dycom Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 8th. KeyCorp lifted their target price on shares of Dycom Industries from $482.00 to $610.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Finally, UBS Group restated a “buy” rating and set a $611.00 price target on shares of Dycom Industries in a report on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $554.92.

Dycom Industries Stock Down 5.3%

Shares of NYSE:DY traded down $22.75 on Tuesday, reaching $408.25. The company had a trading volume of 193,053 shares, compared to its average volume of 476,498. The stock has a market capitalization of $12.26 billion, a P/E ratio of 38.69, a P/E/G ratio of 0.77 and a beta of 1.50. The company has a quick ratio of 2.46, a current ratio of 2.58 and a debt-to-equity ratio of 1.48. The stock has a 50-day moving average price of $453.94 and a 200 day moving average price of $401.93. Dycom Industries, Inc. has a twelve month low of $233.00 and a twelve month high of $566.47.

Dycom Industries (NYSE:DY) last issued its quarterly earnings data on Wednesday, May 27th. The construction company reported $4.42 earnings per share for the quarter, topping analysts’ consensus estimates of $2.73 by $1.69. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. Dycom Industries’s revenue for the quarter was up 56.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.09 earnings per share. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. On average, equities analysts expect that Dycom Industries, Inc. will post 15.42 EPS for the current year.

Dycom Industries 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.