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

Y Intercept Hong Kong Ltd grew its position in shares of Dycom Industries, Inc. (NYSE:DY) by 321.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,690 shares of the construction company’s stock after acquiring an additional 31,792 shares during the quarter. Y Intercept Hong Kong Ltd owned 0.14% of Dycom Industries worth $14,087,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Castleark Management LLC boosted its position in Dycom Industries by 27.1% during the 4th quarter. Castleark Management LLC now owns 38,166 shares of the construction company’s stock worth $12,896,000 after acquiring an additional 8,140 shares during the last quarter. Hollencrest Capital Management acquired a new position in Dycom Industries during the 4th quarter worth approximately $229,000. Federation des caisses Desjardins du Quebec boosted its position 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 worth $748,000 after acquiring an additional 326 shares during the last quarter. HRT Financial LP acquired a new position in Dycom Industries during the 4th quarter worth approximately $31,142,000. Finally, MetLife Investment Management LLC boosted its position 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 worth $9,837,000 after acquiring an additional 12,686 shares during the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DY. Bank of America upped their price objective on Dycom Industries from $365.00 to $475.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Cantor Fitzgerald upped their price objective on Dycom Industries from $436.00 to $654.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. KeyCorp upped their price objective on Dycom Industries from $482.00 to $610.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Zacks Research upgraded Dycom Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 8th. Finally, UBS Group reiterated a “buy” rating and set a $611.00 price objective on shares of Dycom Industries in a research note on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. Based on data from MarketBeat, Dycom Industries presently has an average rating of “Buy” and a consensus target price of $554.92.

Dycom Industries Trading Up 1.1%

Shares of Dycom Industries stock opened at $469.52 on Friday. Dycom Industries, Inc. has a 12-month low of $229.97 and a 12-month high of $566.47. The stock has a market cap of $14.10 billion, a P/E ratio of 44.67, a P/E/G ratio of 0.87 and a beta of 1.49. 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 business’s 50 day moving average is $427.64 and its 200-day moving average is $388.51.

Dycom Industries (NYSE:DY) last posted its quarterly earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share for the quarter, beating 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 business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the prior year, the business earned $2.09 EPS. The firm’s revenue for the quarter was up 56.1% on a year-over-year basis. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. Equities research analysts predict that Dycom Industries, Inc. will post 14.54 earnings per share 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.