Y Intercept Hong Kong Ltd Sells 6,507 Shares of Dycom Industries, Inc. (NYSE:DY)

Y Intercept Hong Kong Ltd lessened its position in Dycom Industries, Inc. (NYSE:DY - Free Report) by 67.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of DY. Accent Capital Management LLC acquired a new stake in shares of Dycom Industries during the 3rd quarter worth about $25,000. Legacy Investment Solutions LLC acquired a new stake in Dycom Industries during the 3rd quarter worth approximately $28,000. Annapolis Financial Services LLC bought a new stake in Dycom Industries in the 3rd quarter valued at $29,000. Anchor Investment Management LLC grew its holdings in Dycom Industries by 50.4% in the 2nd quarter. Anchor Investment Management LLC now owns 194 shares of the construction company's stock valued at $33,000 after buying an additional 65 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its position in Dycom Industries by 25.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 291 shares of the construction company's stock worth $57,000 after buying an additional 59 shares during the period. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on DY. Bank of America upped their target price on Dycom Industries from $198.00 to $204.00 and gave the company a "buy" rating in a research report on Friday, August 23rd. DA Davidson reissued a "buy" rating and set a $210.00 price objective on shares of Dycom Industries in a report on Tuesday, November 19th. Wells Fargo & Company boosted their target price on shares of Dycom Industries from $200.00 to $215.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. KeyCorp increased their price target on Dycom Industries from $200.00 to $227.00 and gave the company an "overweight" rating in a research note on Tuesday, October 8th. Finally, B. Riley lifted their target price on shares of Dycom Industries from $205.00 to $208.00 and gave the stock a "buy" rating in a research note on Thursday, August 22nd. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $206.13.

Dycom Industries Stock Performance

Shares of NYSE:DY traded down $1.08 during midday trading on Friday, reaching $179.48. The company had a trading volume of 605,896 shares, compared to its average volume of 309,802. The stock has a market cap of $5.24 billion, a P/E ratio of 23.62, a P/E/G ratio of 1.45 and a beta of 1.41. The company's 50 day moving average price is $186.75 and its 200 day moving average price is $181.96. The company has a current ratio of 3.12, a quick ratio of 2.93 and a debt-to-equity ratio of 0.89. Dycom Industries, Inc. has a 52-week low of $107.53 and a 52-week high of $207.20.

Dycom Industries Company 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.