Y Intercept Hong Kong Ltd Has $610,000 Holdings in Dycom Industries, Inc. (NYSE:DY)

Y Intercept Hong Kong Ltd cut its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 67.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,094 shares of the construction company’s stock after selling 6,507 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Dycom Industries were worth $610,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of DY. Legacy Investment Solutions LLC acquired a new stake in Dycom Industries in the third quarter valued at $28,000. Kensington Investment Counsel LLC acquired a new stake in Dycom Industries in the third quarter valued at $216,000. Castleark Management LLC acquired a new stake in Dycom Industries in the third quarter valued at $7,269,000. State Street Corp increased its holdings in Dycom Industries by 4.0% in the third quarter. State Street Corp now owns 1,158,585 shares of the construction company’s stock valued at $228,357,000 after purchasing an additional 44,321 shares during the period. Finally, Stifel Financial Corp increased its holdings in Dycom Industries by 46.5% in the third quarter. Stifel Financial Corp now owns 20,232 shares of the construction company’s stock valued at $3,988,000 after purchasing an additional 6,418 shares during the period. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. DA Davidson reaffirmed a “buy” rating and set a $210.00 price target on shares of Dycom Industries in a research report on Tuesday, November 19th. KeyCorp upped their price target on shares of Dycom Industries from $200.00 to $227.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Bank of America upped their price target on shares of Dycom Industries from $198.00 to $204.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. B. Riley upped their price target on shares of Dycom Industries from $205.00 to $208.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Finally, Wells Fargo & Company upped their price target on shares of Dycom Industries from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $206.13.

Dycom Industries Price Performance

DY stock opened at $179.48 on Friday. The stock has a market capitalization of $5.24 billion, a PE ratio of 23.62, a price-to-earnings-growth ratio of 1.45 and a beta of 1.41. The company’s 50-day moving average is $186.75 and its 200-day moving average is $181.95. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.12 and a quick ratio of 2.93. Dycom Industries, Inc. has a 1 year low of $107.53 and a 1 year high of $207.20.

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.