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

Hill City Capital LP acquired a new stake in shares of Dycom Industries, Inc. (NYSE:DY) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,009,784 shares of the construction company’s stock, valued at approximately $510,536,693,000. Dycom Industries comprises about 11.9% of Hill City Capital LP’s portfolio, making the stock its 3rd biggest holding.

Other hedge funds also recently added to or reduced their stakes in the company. &PARTNERS increased its position in shares of Dycom Industries by 2.5% in the 4th quarter. &PARTNERS now owns 1,053 shares of the construction company’s stock worth $356,000 after purchasing an additional 26 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Dycom Industries by 17.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the construction company’s stock worth $69,000 after purchasing an additional 30 shares during the last quarter. Legacy Wealth Managment LLC ID lifted its position in shares of Dycom Industries by 30.4% during the first quarter. Legacy Wealth Managment LLC ID now owns 150 shares of the construction company’s stock worth $51,000 after purchasing an additional 35 shares during the last quarter. Osaic Holdings Inc. grew its stake in Dycom Industries by 1.7% in the fourth quarter. Osaic Holdings Inc. now owns 2,062 shares of the construction company’s stock worth $697,000 after purchasing an additional 35 shares in the last quarter. Finally, CWM LLC grew its stake in Dycom Industries by 1.9% in the fourth quarter. CWM LLC now owns 1,956 shares of the construction company’s stock worth $661,000 after purchasing an additional 36 shares in the last quarter. 98.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on DY shares. UBS Group reissued a “buy” rating on shares of Dycom Industries in a report on Friday, July 24th. Guggenheim lifted their target price on Dycom Industries from $575.00 to $620.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. KeyCorp boosted their price target on Dycom Industries from $482.00 to $610.00 and gave the company an “overweight” rating in a report on Monday, June 1st. B. Riley Financial upped their price target on Dycom Industries from $485.00 to $625.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Finally, Wall Street Zen cut Dycom Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $578.09.

Dycom Industries Price Performance

Shares of NYSE:DY opened at $393.24 on Monday. The company has a quick ratio of 2.46, a current ratio of 2.58 and a debt-to-equity ratio of 1.48. Dycom Industries, Inc. has a fifty-two week low of $242.55 and a fifty-two week high of $566.47. The firm has a 50-day simple moving average of $431.31 and a 200 day simple moving average of $415.79. The company has a market cap of $11.81 billion, a PE ratio of 37.42, a P/E/G ratio of 0.69 and a beta of 1.54.

Dycom Industries (NYSE:DY) last released its quarterly earnings data on Wednesday, May 27th. The construction company reported $4.42 earnings per share for the quarter, topping the consensus estimate of $2.73 by $1.69. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the prior year, the business earned $2.09 earnings per share. Dycom Industries’s quarterly revenue was up 56.1% on a year-over-year basis. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. On average, sell-side analysts anticipate that Dycom Industries, Inc. will post 15.45 EPS for the current year.

Dycom Industries Company 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.