Hill City Capital LP Purchases New Position in Dycom Industries, Inc. $DY

Key Points

• Hill City Capital LP acquired a new 1,009,784-share position in Dycom Industries during the second quarter, representing about 3.36% of the company and 11.9% of the firm’s portfolio. Institutional investors collectively own 98.33% of DY shares.
• Analysts remain broadly positive, with 11 Buy ratings and one Hold rating. Dycom has a “Moderate Buy” consensus rating and an average price target of $578.09.
• Dycom reported quarterly earnings of $4.42 per share, exceeding the $2.73 consensus estimate, while revenue rose 56.1% year over year to $1.96 billion. Shares opened at $393.24, with a one-year range of $242.55 to $566.47.

Hill City Capital LP acquired a new stake in Dycom Industries, Inc. (NYSE:DY - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,009,784 shares of the construction company's stock, valued at approximately $510,536,693,000. Dycom Industries accounts for approximately 11.9% of Hill City Capital LP's investment portfolio, making the stock its 3rd biggest holding. Hill City Capital LP owned about 3.36% of Dycom Industries at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of DY. Tribune Investment Group LP purchased a new stake in shares of Dycom Industries in the second quarter worth about $2,948,000. Sanctuary Advisors LLC acquired a new stake in shares of Dycom Industries in the second quarter valued at about $416,000. Neumeier Poma Investment Counsel LLC purchased a new stake in shares of Dycom Industries during the 2nd quarter valued at about $60,992,355,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Dycom Industries during the 2nd quarter valued at about $25,003,000. Finally, PEAK6 LLC acquired a new position in Dycom Industries during the 2nd quarter worth approximately $1,011,000. Institutional investors and hedge funds own 98.33% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on DY. JPMorgan Chase & Co. upped their price target on Dycom Industries from $415.00 to $650.00 and gave the stock an "overweight" rating in a report on Thursday, May 28th. Wells Fargo & Company lifted their price objective on shares of Dycom Industries from $500.00 to $650.00 and gave the company an "overweight" rating in a research note on Thursday, May 28th. Wedbush set a $654.00 price objective on shares of Dycom Industries in a research note on Friday, May 29th. Wall Street Zen cut shares of Dycom Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 25th. Finally, UBS Group restated a "buy" rating on shares of Dycom Industries in a research note on Friday, July 24th. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Dycom Industries currently has an average rating of "Moderate Buy" and an average target price of $578.09.

Dycom Industries Stock Up 0.1%

Shares of NYSE DY opened at $393.24 on Monday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.46 and a current ratio of 2.58. Dycom Industries, Inc. has a 1 year low of $242.55 and a 1 year high of $566.47. The stock's 50-day simple moving average is $431.31 and its 200-day simple moving average is $415.79. The firm has a market cap of $11.81 billion, a price-to-earnings ratio of 37.42, a PEG ratio of 0.69 and a beta of 1.54.

Dycom Industries (NYSE:DY - Get Free Report) last issued its quarterly earnings results on Wednesday, May 27th. The construction company reported $4.42 EPS for the quarter, beating analysts' consensus estimates of $2.73 by $1.69. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the business posted $2.09 earnings per share. 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. As a group, equities analysts anticipate that Dycom Industries, Inc. will post 15.45 earnings per share for the current fiscal year.

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.

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