Hsbc Holdings PLC Has $713,000 Stock Holdings in Dycom Industries, Inc. $DY

Hsbc Holdings PLC trimmed its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 51.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,106 shares of the construction company’s stock after selling 2,192 shares during the quarter. Hsbc Holdings PLC’s holdings in Dycom Industries were worth $713,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kemnay Advisory Services Inc. bought a new stake in shares of Dycom Industries during the 4th quarter worth about $30,000. Sound Income Strategies LLC acquired a new position in Dycom Industries in the 4th quarter valued at about $32,000. Acumen Wealth Advisors LLC bought a new position in Dycom Industries in the 4th quarter valued at about $35,000. EverSource Wealth Advisors LLC raised its holdings in Dycom Industries by 73.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock valued at $39,000 after acquiring an additional 68 shares during the period. Finally, Legacy Wealth Managment LLC ID acquired a new stake in Dycom Industries during the fourth quarter worth approximately $39,000. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Dycom Industries Price Performance

Shares of Dycom Industries stock opened at $417.30 on Friday. 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 market capitalization of $12.53 billion, a price-to-earnings ratio of 39.71, a price-to-earnings-growth ratio of 0.66 and a beta of 1.50. Dycom Industries, Inc. has a twelve month low of $233.00 and a twelve month high of $566.47. The company has a 50-day simple moving average of $451.22 and a two-hundred day simple moving average of $411.18.

Dycom Industries (NYSE:DY) last announced its earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.73 by $1.69. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the prior year, the business posted $2.09 EPS. The business’s revenue was up 56.1% compared to the same quarter last year. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. Analysts forecast that Dycom Industries, Inc. will post 15.45 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on DY shares. Wells Fargo & Company boosted their price objective on Dycom Industries from $500.00 to $650.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Weiss Ratings lowered Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday. KeyCorp lifted their price target on Dycom Industries from $482.00 to $610.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. UBS Group restated a “buy” rating on shares of Dycom Industries in a research note on Friday, July 24th. Finally, Wall Street Zen lowered Dycom Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $554.92.

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.