Y Intercept Hong Kong Ltd Has $14.09 Million Stock Holdings in Dycom Industries, Inc. $DY

Y Intercept Hong Kong Ltd raised its holdings in shares of Dycom Industries, Inc. (NYSE:DY) by 321.2% in the 4th quarter, HoldingsChannel reports. The firm owned 41,690 shares of the construction company’s stock after buying an additional 31,792 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Dycom Industries were worth $14,087,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the business. Castleark Management LLC lifted its holdings in Dycom Industries by 27.1% during the 4th quarter. Castleark Management LLC now owns 38,166 shares of the construction company’s stock valued at $12,896,000 after purchasing an additional 8,140 shares during the last quarter. Hollencrest Capital Management acquired a new stake in Dycom Industries during the 4th quarter valued at $229,000. Federation des caisses Desjardins du Quebec lifted its holdings in Dycom Industries by 17.3% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 2,214 shares of the construction company’s stock valued at $748,000 after purchasing an additional 326 shares during the last quarter. HRT Financial LP acquired a new stake in Dycom Industries during the 4th quarter valued at $31,142,000. Finally, MetLife Investment Management LLC lifted its holdings in Dycom Industries by 77.2% during the 4th quarter. MetLife Investment Management LLC now owns 29,111 shares of the construction company’s stock valued at $9,837,000 after purchasing an additional 12,686 shares during the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries Stock Up 1.1%

Shares of NYSE DY opened at $469.52 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.46 and a current ratio of 2.58. Dycom Industries, Inc. has a 52 week low of $229.97 and a 52 week high of $566.47. The stock has a market capitalization of $14.10 billion, a P/E ratio of 44.67, a PEG ratio of 0.87 and a beta of 1.49. The stock’s fifty day moving average is $427.64 and its 200 day moving average is $388.51.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Wednesday, May 27th. The construction company reported $4.42 EPS for the quarter, topping analysts’ consensus estimates of $2.73 by $1.69. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter last year, the business earned $2.09 earnings per share. Dycom Industries’s revenue was up 56.1% on a year-over-year basis. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. Sell-side analysts forecast that Dycom Industries, Inc. will post 14.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

DY has been the topic of several recent research reports. Bank of America increased their price objective on Dycom Industries from $365.00 to $475.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Wedbush set a $654.00 price objective on Dycom Industries in a research report on Friday, May 29th. Cantor Fitzgerald increased their price objective on Dycom Industries from $436.00 to $654.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. UBS Group reiterated a “buy” rating and set a $611.00 price objective on shares of Dycom Industries in a research report on Friday, May 29th. Finally, Wall Street Zen upgraded Dycom Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 6th. Two investment analysts have rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $554.92.

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.