Hsbc Holdings PLC Takes Position in Dycom Industries, Inc. $DY

Hsbc Holdings PLC bought a new position in Dycom Industries, Inc. (NYSE:DY) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 20,760 shares of the construction company’s stock, valued at approximately $10,468,000.

Several other hedge funds and other institutional investors have also modified their holdings of DY. Kemnay Advisory Services Inc. acquired a new position in Dycom Industries during the fourth quarter worth $30,000. Acumen Wealth Advisors LLC acquired a new stake in shares of Dycom Industries in the 4th quarter valued at $35,000. Allworth Financial LP bought a new stake in shares of Dycom Industries in the 2nd quarter worth about $35,000. EverSource Wealth Advisors LLC grew its holdings in shares of Dycom Industries by 73.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock worth $39,000 after purchasing an additional 68 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID bought a new stake in shares of Dycom Industries in the 4th quarter worth about $39,000. Institutional investors own 98.33% of the company’s stock.

Dycom Industries Trading Down 4.2%

DY opened at $295.11 on Friday. The firm has a 50 day simple moving average of $418.01 and a 200 day simple moving average of $413.73. Dycom Industries, Inc. has a fifty-two week low of $242.55 and a fifty-two week high of $566.47. The company has a market cap of $8.86 billion, a price-to-earnings ratio of 26.85, a price-to-earnings-growth ratio of 0.54 and a beta of 1.54. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.35 and a quick ratio of 2.46.

Dycom Industries (NYSE:DY) last announced its quarterly earnings data on Wednesday, August 26th. The construction company reported $5.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.72 by $0.57. Dycom Industries had a net margin of 4.79% and a return on equity of 25.30%. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same period last year, the firm earned $3.33 earnings per share. The business’s revenue for the quarter was up 45.6% on a year-over-year basis. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. On average, sell-side analysts anticipate that Dycom Industries, Inc. will post 15.44 earnings per share for the current year.

Dycom Industries announced that its Board of Directors has approved a share repurchase program on Wednesday, August 26th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the construction company to repurchase up to 1.4% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Key Headlines Impacting Dycom Industries

Here are the key news stories impacting Dycom Industries this week:

• Positive Sentiment: Dycom reported second-quarter earnings of $5.29 per share, above the $4.72 consensus estimate, while revenue reached approximately $2.01 billion versus expectations of $1.98 billion. Revenue increased 45.6% year over year, supported by communications infrastructure and digital-infrastructure demand. Dycom Industries beats Q2 forecasts as digital infrastructure demand accelerates
• Positive Sentiment: Management raised its fiscal 2027 revenue outlook, citing continued strength in fiber, data-center connectivity and Building Systems. These trends point to a multiyear opportunity from fiber-network expansion and AI-related infrastructure spending. DY Q2 Earnings Call Focuses on Fiber Demand and Higher Outlook
• Positive Sentiment: The board authorized a $150 million share-repurchase program, equivalent to as much as 1.4% of outstanding shares. The authorization may support per-share results and signals that management believes the stock is undervalued. Stock Buyback Program Declared by Dycom Industries
• Neutral Sentiment: JPMorgan, UBS, Wells Fargo, KeyCorp and Cantor Fitzgerald lowered their price targets following the earnings report but retained bullish ratings, including “overweight” or “buy.” The target cuts reflect reduced near-term assumptions rather than a broadly negative long-term view.
• Negative Sentiment: The main pressure is fiscal third-quarter EPS guidance of $4.33 to $4.79, which is below analyst expectations. Investors are also concerned about a $150 million wireless-revenue deferral, helping explain why the strong quarterly beat has not translated into positive stock performance. Why Dycom Industries Stock Is Plummeting This Week

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on DY shares. JPMorgan Chase & Co. cut their price target on shares of Dycom Industries from $650.00 to $570.00 and set an “overweight” rating for the company in a report on Thursday. UBS Group decreased their price objective on shares of Dycom Industries from $611.00 to $525.00 and set a “buy” rating on the stock in a research note on Thursday. Wall Street Zen lowered shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. Cantor Fitzgerald cut their target price on shares of Dycom Industries from $654.00 to $476.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Wedbush set a $654.00 target price on shares of Dycom Industries in a research note on Friday, May 29th. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $514.00.

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.