Y Intercept Hong Kong Ltd Decreases Stake in Dycom Industries, Inc. (NYSE:DY)

Y Intercept Hong Kong Ltd decreased its position in Dycom Industries, Inc. (NYSE:DY) by 67.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,094 shares of the construction company’s stock after selling 6,507 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Dycom Industries were worth $610,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MeadowBrook Investment Advisors LLC increased its stake in shares of Dycom Industries by 267.0% during the 2nd quarter. MeadowBrook Investment Advisors LLC now owns 1,890 shares of the construction company’s stock worth $319,000 after purchasing an additional 1,375 shares during the last quarter. Thompson Davis & CO. Inc. grew its position in shares of Dycom Industries by 171.6% in the second quarter. Thompson Davis & CO. Inc. now owns 7,265 shares of the construction company’s stock valued at $1,226,000 after purchasing an additional 4,590 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Dycom Industries by 0.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 14,600 shares of the construction company’s stock valued at $2,464,000 after purchasing an additional 100 shares during the period. IMA Advisory Services Inc. purchased a new stake in Dycom Industries during the 2nd quarter worth about $264,000. Finally, EFG Asset Management North America Corp. boosted its stake in Dycom Industries by 101.5% in the 2nd quarter. EFG Asset Management North America Corp. now owns 12,242 shares of the construction company’s stock worth $2,064,000 after purchasing an additional 6,166 shares during the period. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Dycom Industries Stock Performance

Dycom Industries stock opened at $179.48 on Friday. The firm’s fifty day moving average price is $186.75 and its 200-day moving average price is $181.95. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.93 and a current ratio of 3.12. The stock has a market cap of $5.24 billion, a P/E ratio of 23.62, a price-to-earnings-growth ratio of 1.45 and a beta of 1.41. Dycom Industries, Inc. has a fifty-two week low of $107.53 and a fifty-two week high of $207.20.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on DY shares. DA Davidson reiterated a “buy” rating and set a $210.00 price target on shares of Dycom Industries in a research report on Tuesday, November 19th. B. Riley increased their target price on shares of Dycom Industries from $205.00 to $208.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Bank of America raised their price target on shares of Dycom Industries from $198.00 to $204.00 and gave the company a “buy” rating in a report on Friday, August 23rd. KeyCorp raised their price target on shares of Dycom Industries from $200.00 to $227.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Finally, Wells Fargo & Company raised their price target on shares of Dycom Industries from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Friday, November 15th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $206.13.

About Dycom Industries

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.