XTX Topco Ltd Invests $360,000 in Dycom Industries, Inc. (NYSE:DY)

XTX Topco Ltd acquired a new position in Dycom Industries, Inc. (NYSE:DY - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,071 shares of the construction company's stock, valued at approximately $360,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DY. Corient Private Wealth LLC increased its position in Dycom Industries by 0.8% during the fourth quarter. Corient Private Wealth LLC now owns 7,015 shares of the construction company's stock worth $1,221,000 after purchasing an additional 55 shares during the last quarter. Wilmington Savings Fund Society FSB increased its holdings in shares of Dycom Industries by 11.1% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 561 shares of the construction company's stock valued at $98,000 after purchasing an additional 56 shares during the period. Arizona State Retirement System grew its holdings in Dycom Industries by 0.8% during the fourth quarter. Arizona State Retirement System now owns 8,447 shares of the construction company's stock worth $1,470,000 after acquiring an additional 70 shares during the period. EverSource Wealth Advisors LLC grew its stake in Dycom Industries by 26.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 341 shares of the construction company's stock valued at $59,000 after acquiring an additional 71 shares during the last quarter. Finally, Anchor Investment Management LLC increased its position in Dycom Industries by 37.6% during the 3rd quarter. Anchor Investment Management LLC now owns 267 shares of the construction company's stock worth $53,000 after purchasing an additional 73 shares in the last quarter. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Dycom Industries Trading Down 0.2 %

Shares of DY stock traded down $0.37 during mid-day trading on Tuesday, hitting $166.59. The company's stock had a trading volume of 31,873 shares, compared to its average volume of 400,122. Dycom Industries, Inc. has a 52 week low of $131.37 and a 52 week high of $207.20. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.93 and a current ratio of 3.12. The company has a market cap of $4.79 billion, a PE ratio of 21.92, a P/E/G ratio of 1.29 and a beta of 1.36. The company's fifty day simple moving average is $155.07 and its 200-day simple moving average is $174.24.

Dycom Industries declared that its board has approved a stock buyback program on Wednesday, February 26th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the construction company to purchase up to 3.2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on DY shares. Wells Fargo & Company cut their price objective on Dycom Industries from $215.00 to $200.00 and set an "overweight" rating on the stock in a report on Thursday, April 3rd. JPMorgan Chase & Co. began coverage on shares of Dycom Industries in a report on Monday, April 21st. They set an "overweight" rating and a $200.00 price target for the company. B. Riley dropped their target price on Dycom Industries from $234.00 to $200.00 and set a "buy" rating on the stock in a report on Wednesday, March 19th. KeyCorp reduced their target price on Dycom Industries from $201.00 to $183.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, Raymond James boosted their price target on shares of Dycom Industries from $210.00 to $215.00 and gave the company a "strong-buy" rating in a report on Tuesday, February 4th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $200.22.

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.