TradeLink Capital LLC Makes New $489,000 Investment in Dycom Industries, Inc. (NYSE:DY)

Key Points

• TradeLink Capital LLC has invested approximately $489,000 in Dycom Industries, purchasing 3,213 shares, which makes it the firm's 12th largest holding.
• Several institutional investors have markedly increased their stakes in Dycom Industries, with American Century Companies Inc. raising its stake by 108.1% in the fourth quarter.
• Dycom Industries reported a EPS of $2.09, exceeding analysts' estimates, alongside a revenue increase of 10.2% compared to the previous year.

TradeLink Capital LLC purchased a new stake in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund purchased 3,213 shares of the construction company's stock, valued at approximately $489,000. Dycom Industries comprises 3.0% of TradeLink Capital LLC's investment portfolio, making the stock its 12th largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc purchased a new position in shares of Dycom Industries in the 1st quarter worth approximately $28,000. GeoWealth Management LLC lifted its holdings in Dycom Industries by 35.9% during the fourth quarter. GeoWealth Management LLC now owns 348 shares of the construction company's stock worth $61,000 after acquiring an additional 92 shares during the period. Anchor Investment Management LLC boosted its position in Dycom Industries by 37.5% in the fourth quarter. Anchor Investment Management LLC now owns 367 shares of the construction company's stock worth $64,000 after purchasing an additional 100 shares during the last quarter. Federated Hermes Inc. grew its stake in Dycom Industries by 107.0% in the 4th quarter. Federated Hermes Inc. now owns 387 shares of the construction company's stock valued at $67,000 after purchasing an additional 200 shares during the period. Finally, Archer Investment Corp purchased a new stake in shares of Dycom Industries during the 1st quarter valued at $99,000. 98.33% of the stock is owned by institutional investors.

Dycom Industries Price Performance

DY traded down $0.03 during trading on Monday, reaching $263.26. 57,250 shares of the company were exchanged, compared to its average volume of 435,826. Dycom Industries, Inc. has a 12-month low of $131.37 and a 12-month high of $271.80. The company's 50-day moving average is $245.06 and its two-hundred day moving average is $196.91. The company has a quick ratio of 2.68, a current ratio of 2.89 and a debt-to-equity ratio of 0.80. The company has a market cap of $7.61 billion, a price-to-earnings ratio of 33.41, a P/E/G ratio of 1.50 and a beta of 1.34.

Dycom Industries (NYSE:DY - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The construction company reported $2.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.62 by $0.47. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.19 billion. Dycom Industries had a return on equity of 20.04% and a net margin of 4.81%. The firm's revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.12 earnings per share. Research analysts forecast that Dycom Industries, Inc. will post 7.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DY has been the topic of a number of research analyst reports. DA Davidson boosted their price target on shares of Dycom Industries from $220.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Wells Fargo & Company boosted their target price on shares of Dycom Industries from $215.00 to $250.00 and gave the company an "overweight" rating in a research note on Tuesday, May 27th. Raymond James Financial raised their price target on shares of Dycom Industries from $215.00 to $255.00 and gave the stock a "strong-buy" rating in a research note on Thursday, May 22nd. B. Riley upped their price objective on Dycom Industries from $200.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Finally, Wall Street Zen raised Dycom Industries from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $259.00.

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.