XTX Topco Ltd Sells 65 Shares of Dycom Industries, Inc. (NYSE:DY)

XTX Topco Ltd cut its holdings in Dycom Industries, Inc. (NYSE:DY) by 3.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,006 shares of the construction company’s stock after selling 65 shares during the quarter. XTX Topco Ltd’s holdings in Dycom Industries were worth $306,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. GeoWealth Management LLC boosted its stake in Dycom Industries by 35.9% in the fourth quarter. GeoWealth Management LLC now owns 348 shares of the construction company’s stock valued at $61,000 after acquiring an additional 92 shares during the last quarter. Summit Investment Advisors Inc. boosted its stake in Dycom Industries by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,972 shares of the construction company’s stock valued at $517,000 after acquiring an additional 94 shares during the last quarter. Anchor Investment Management LLC boosted its stake in Dycom Industries by 37.5% in the fourth quarter. Anchor Investment Management LLC now owns 367 shares of the construction company’s stock valued at $64,000 after acquiring an additional 100 shares during the last quarter. Federated Hermes Inc. boosted 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 valued at $75,000 after acquiring an additional 105 shares during the last quarter. Finally, Xponance Inc. boosted its stake in Dycom Industries by 5.7% in the first quarter. Xponance Inc. now owns 2,163 shares of the construction company’s stock valued at $330,000 after acquiring an additional 116 shares during the last quarter. 98.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. UBS Group lifted their price target on shares of Dycom Industries from $258.00 to $288.00 and gave the stock a “buy” rating in a research report on Thursday, July 10th. B. Riley lifted their price target on shares of Dycom Industries from $200.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, May 23rd. KeyCorp lifted their price target on shares of Dycom Industries from $255.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. DA Davidson lifted their price target on shares of Dycom Industries from $220.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, May 23rd. Finally, Wells Fargo & Company lifted their price target on shares of Dycom Industries from $215.00 to $250.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 27th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $259.00.

Dycom Industries Trading Up 0.9%

DY opened at $279.03 on Monday. The stock has a market capitalization of $8.07 billion, a P/E ratio of 35.37, a P/E/G ratio of 1.59 and a beta of 1.34. Dycom Industries, Inc. has a 12 month low of $131.37 and a 12 month high of $279.41. The firm’s fifty day simple moving average is $249.42 and its 200 day simple moving average is $199.69. The company has a current ratio of 2.89, a quick ratio of 2.68 and a debt-to-equity ratio of 0.80.

Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Wednesday, May 21st. The construction company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.62 by $0.47. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Dycom Industries had a net margin of 4.81% and a return on equity of 20.04%. The firm’s revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.12 EPS. As a group, research analysts anticipate that Dycom Industries, Inc. will post 7.13 EPS for the current fiscal year.

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.