Hill City Capital LP Buys 120,000 Shares of Dycom Industries, Inc. $DY

Key Points

• Hill City Capital LP increased its position in Dycom Industries, Inc. by 14.1%, now holding 969,784 shares which represents 11.0% of its total assets.
• Dycom reported $3.33 EPS for the most recent quarter, exceeding estimates by $0.41, while its revenue rose 14.5% year-over-year.
• Multiple analysts have raised their price targets for Dycom, with Wells Fargo setting a new target of $295.00 and DA Davidson increasing theirs to $300.00.

Hill City Capital LP boosted its stake in Dycom Industries, Inc. (NYSE:DY - Free Report) by 14.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 969,784 shares of the construction company's stock after acquiring an additional 120,000 shares during the period. Dycom Industries accounts for 11.0% of Hill City Capital LP's portfolio, making the stock its 4th largest position. Hill City Capital LP owned approximately 3.37% of Dycom Industries worth $147,737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc bought a new stake in shares of Dycom Industries in the 1st quarter worth about $28,000. AlphaQuest LLC acquired a new position in Dycom Industries in the first quarter worth about $37,000. Federated Hermes Inc. grew its stake in Dycom Industries by 27.1% in the first quarter. Federated Hermes Inc. now owns 492 shares of the construction company's stock worth $75,000 after purchasing an additional 105 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in Dycom Industries by 370.5% in the first quarter. Caitong International Asset Management Co. Ltd now owns 607 shares of the construction company's stock valued at $92,000 after buying an additional 478 shares during the last quarter. Finally, Archer Investment Corp acquired a new stake in Dycom Industries during the first quarter valued at approximately $99,000. 98.33% of the stock is currently owned by institutional investors.

Dycom Industries Stock Performance

NYSE:DY traded up $1.13 during mid-day trading on Thursday, hitting $256.76. The stock had a trading volume of 340,820 shares, compared to its average volume of 456,618. The company has a current ratio of 3.16, a quick ratio of 2.96 and a debt-to-equity ratio of 0.74. The company has a 50 day simple moving average of $257.86 and a 200-day simple moving average of $206.84. The stock has a market capitalization of $7.43 billion, a price-to-earnings ratio of 28.85, a P/E/G ratio of 1.24 and a beta of 1.34. Dycom Industries, Inc. has a 52 week low of $131.37 and a 52 week high of $285.64.

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

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. DA Davidson increased their target price on Dycom Industries from $265.00 to $300.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. B. Riley upped their price target on Dycom Industries from $200.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Raymond James Financial raised their price objective on Dycom Industries from $290.00 to $300.00 and gave the stock a "strong-buy" rating in a research note on Thursday, August 21st. Wells Fargo & Company boosted their target price 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. Finally, Wall Street Zen raised shares of Dycom Industries from a "hold" rating to a "buy" rating in a report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $289.43.

Dycom Industries 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.