Hsbc Holdings PLC Boosts 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 grew its stake in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) by 14.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,763 shares of the construction company's stock after acquiring 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 quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. KBC Group NV raised its stake in shares of Dycom Industries by 18.9% during the first quarter. KBC Group NV now owns 1,443 shares of the construction company's stock valued at $220,000 after acquiring an additional 229 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Dycom Industries during the first quarter valued at approximately $342,000. Public Employees Retirement System of Ohio raised its stake in shares of Dycom Industries by 105.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 1,114 shares of the construction company's stock valued at $194,000 after acquiring an additional 572 shares in the last quarter. J. Goldman & Co LP raised its stake in shares of Dycom Industries by 25.4% during the fourth quarter. J. Goldman & Co LP now owns 90,253 shares of the construction company's stock valued at $15,709,000 after acquiring an additional 18,289 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of Dycom Industries by 27.1% during the first quarter. Federated Hermes Inc. now owns 492 shares of the construction company's stock valued at $75,000 after acquiring an additional 105 shares in the last quarter. Institutional investors own 98.33% of the company's stock.

Dycom Industries Stock Performance

Shares of DY traded down $7.75 during trading hours on Tuesday, reaching $244.73. 228,300 shares of the company traded hands, compared to its average volume of 439,687. The stock has a market capitalization of $7.08 billion, a P/E ratio of 27.50, a P/E/G ratio of 1.22 and a beta of 1.18. The company has a quick ratio of 2.96, a current ratio of 3.16 and a debt-to-equity ratio of 0.74. Dycom Industries, Inc. has a 12-month low of $131.37 and a 12-month high of $285.64. The business has a fifty day moving average price of $258.58 and a 200-day moving average price of $208.04.

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on DY shares. Wells Fargo & Company lifted their price target on shares of Dycom Industries from $250.00 to $295.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. KeyCorp boosted their price objective on shares of Dycom Industries from $255.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Zacks Research raised shares of Dycom Industries to a "hold" rating in a research note on Monday, August 11th. JPMorgan Chase & Co. boosted their price objective on shares of Dycom Industries from $250.00 to $275.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Finally, UBS Group boosted their price objective on shares of Dycom Industries from $288.00 to $296.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Dycom Industries currently has an average rating of "Buy" and a consensus target price of $289.43.

Dycom Industries Company Profile

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.