Y Intercept Hong Kong Ltd Invests $2.89 Million in Dycom Industries, Inc. $DY

Y Intercept Hong Kong Ltd purchased a new stake in Dycom Industries, Inc. (NYSE:DY) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 9,898 shares of the construction company’s stock, valued at approximately $2,888,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Root Financial Partners LLC acquired a new stake in Dycom Industries in the 3rd quarter valued at approximately $26,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Dycom Industries in the second quarter worth $32,000. Salomon & Ludwin LLC acquired a new position in shares of Dycom Industries during the third quarter valued at $37,000. EverSource Wealth Advisors LLC raised its stake in shares of Dycom Industries by 73.1% during the second quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock valued at $39,000 after purchasing an additional 68 shares in the last quarter. Finally, Caldwell Trust Co acquired a new stake in Dycom Industries in the second quarter worth about $61,000. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Dycom Industries

In other Dycom Industries news, Director Eitan Gertel sold 3,645 shares of the stock in a transaction on Friday, January 9th. The shares were sold at an average price of $345.62, for a total value of $1,259,784.90. Following the sale, the director directly owned 15,997 shares in the company, valued at approximately $5,528,883.14. This trade represents a 18.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.72% of the company’s stock.

Dycom Industries Trading Up 1.8%

Shares of NYSE DY opened at $374.71 on Tuesday. The company has a quick ratio of 2.90, a current ratio of 3.09 and a debt-to-equity ratio of 0.62. The company has a market cap of $10.85 billion, a price-to-earnings ratio of 36.88, a P/E/G ratio of 1.90 and a beta of 1.34. Dycom Industries, Inc. has a 12 month low of $131.37 and a 12 month high of $386.94. The business has a fifty day simple moving average of $349.89 and a 200-day simple moving average of $300.23.

Dycom Industries (NYSE:DY) last announced its earnings results on Wednesday, November 19th. The construction company reported $3.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.48. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.41 billion. Dycom Industries had a net margin of 5.75% and a return on equity of 22.21%. Dycom Industries’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.68 earnings per share. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. Sell-side analysts predict that Dycom Industries, Inc. will post 7.13 EPS for the current year.

Analysts Set New Price Targets

Several research firms have commented on DY. UBS Group raised their target price on shares of Dycom Industries from $373.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Guggenheim began coverage on shares of Dycom Industries in a research note on Thursday, January 22nd. They set a “buy” rating and a $510.00 price objective on the stock. KeyCorp boosted their target price on Dycom Industries from $320.00 to $392.00 and gave the stock an “overweight” rating in a report on Friday, November 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Dycom Industries in a research note on Wednesday, January 21st. Finally, Wells Fargo & Company boosted their price objective on Dycom Industries from $315.00 to $360.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $392.70.

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.