Hsbc Holdings PLC Raises Stock Holdings in Dycom Industries, Inc. $DY

Key Points

• Hsbc Holdings PLC increased its stake in Dycom Industries by 14.6%, owning 8,763 shares valued at approximately $1.32 million after acquiring an additional 1,119 shares in Q1.
• Several analysts have raised their price targets for Dycom Industries, with UBS Group setting a new target of $296.00 and Wells Fargo lifting their target to $295.00, reflecting a positive outlook on the stock.
• Dycom Industries reported $3.33 earnings per share, exceeding analyst expectations, with revenues of $1.38 billion for the quarter, marking a 14.5% year-over-year increase.

Hsbc Holdings PLC lifted its position in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) by 14.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,763 shares of the construction company's stock after purchasing an additional 1,119 shares during the period. Hsbc Holdings PLC's holdings in Dycom Industries were worth $1,319,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DY. Versant Capital Management Inc purchased a new stake in shares of Dycom Industries during the 1st quarter worth $28,000. Federated Hermes Inc. lifted its position in shares of Dycom Industries by 27.1% during the 1st quarter. Federated Hermes Inc. now owns 492 shares of the construction company's stock worth $75,000 after purchasing an additional 105 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Dycom Industries by 370.5% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 607 shares of the construction company's stock worth $92,000 after purchasing an additional 478 shares during the last quarter. Archer Investment Corp acquired a new stake in Dycom Industries during the 1st quarter worth $99,000. Finally, Lazard Asset Management LLC lifted its position in Dycom Industries by 1,775.0% in the fourth quarter. Lazard Asset Management LLC now owns 675 shares of the construction company's stock valued at $117,000 after acquiring an additional 639 shares during the last quarter. 98.33% of the stock is owned by hedge funds and other institutional investors.

Dycom Industries Stock Performance

Dycom Industries stock traded up $4.17 during trading hours on Wednesday, reaching $249.48. 364,402 shares of the stock were exchanged, compared to its average volume of 450,879. The stock has a market cap of $7.22 billion, a P/E ratio of 28.03, a P/E/G ratio of 1.22 and a beta of 1.18. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.96 and a current ratio of 3.16. Dycom Industries, Inc. has a 52-week low of $131.37 and a 52-week high of $285.64. The firm's 50 day moving average is $258.95 and its 200 day moving average is $208.58.

Dycom Industries (NYSE:DY - Get Free Report) last issued its earnings results on Wednesday, August 20th. The construction company reported $3.33 EPS for the quarter, topping the consensus estimate of $2.92 by $0.41. Dycom Industries had a net margin of 5.23% and a return on equity of 21.17%. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the previous year, the firm earned $2.46 EPS. The business's revenue was up 14.5% on a year-over-year basis. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. Analysts predict that Dycom Industries, Inc. will post 7.13 EPS for the current fiscal year.

Analyst Ratings Changes

DY has been the subject of a number of research reports. Raymond James Financial boosted their price target on shares of Dycom Industries from $290.00 to $300.00 and gave the company a "strong-buy" rating in a research report on Thursday, August 21st. KeyCorp boosted their price target on shares of Dycom Industries from $255.00 to $295.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Zacks Research raised shares of Dycom Industries to a "hold" rating in a research report on Monday, August 11th. DA Davidson boosted their price target on shares of Dycom Industries from $265.00 to $300.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. Finally, Wall Street Zen raised shares of Dycom Industries from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $289.43.

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.