Y Intercept Hong Kong Ltd Sells 30,647 Shares of Dycom Industries, Inc. $DY

Y Intercept Hong Kong Ltd decreased its position in Dycom Industries, Inc. (NYSE:DY) by 73.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 SEC filing.

Several other institutional investors also recently modified their holdings of DY. Kemnay Advisory Services Inc. bought a new position in Dycom Industries in the fourth quarter worth $30,000. Sound Income Strategies LLC bought a new stake in Dycom Industries in the fourth quarter valued at about $32,000. CI Investments Inc. raised its position in Dycom Industries by 259.4% in the third quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock worth $34,000 after purchasing an additional 83 shares in the last quarter. Acumen Wealth Advisors LLC acquired a new position in Dycom Industries in the fourth quarter worth about $35,000. Finally, Legacy Wealth Managment LLC ID acquired a new stake in Dycom Industries during the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on DY shares. UBS Group reissued a “buy” rating and issued a $611.00 target price on shares of Dycom Industries in a report on Friday, May 29th. Wall Street Zen raised shares of Dycom Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 6th. Cantor Fitzgerald increased their price target on shares of Dycom Industries from $436.00 to $654.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. Wedbush set a $654.00 price objective on Dycom Industries in a research report on Friday, May 29th. Finally, JPMorgan Chase & Co. lifted their price objective on Dycom Industries from $415.00 to $650.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $554.92.

Dycom Industries Trading Down 5.3%

Shares of DY traded down $22.75 during trading hours on Tuesday, reaching $408.25. The stock had a trading volume of 193,053 shares, compared to its average volume of 476,498. The company has a market cap 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. Dycom Industries, Inc. has a 52 week low of $233.00 and a 52 week high of $566.47. 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 firm has a 50-day moving average of $453.94 and a 200 day moving average of $401.93.

Dycom Industries (NYSE:DY) last released its quarterly earnings data on Wednesday, May 27th. The construction company reported $4.42 earnings per share for the quarter, beating the consensus estimate 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 previous year, the business posted $2.09 EPS. Dycom Industries’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. On average, sell-side analysts expect that Dycom Industries, Inc. will post 15.42 earnings per share for the current fiscal year.

About Dycom Industries

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.