Strs Ohio Purchases 8,300 Shares of Dycom Industries, Inc. $DY

Strs Ohio boosted its holdings in Dycom Industries, Inc. (NYSE:DY) by 172.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,100 shares of the construction company’s stock after purchasing an additional 8,300 shares during the period. Strs Ohio’s holdings in Dycom Industries were worth $4,426,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. First Bank & Trust boosted its stake in shares of Dycom Industries by 1.6% during the 4th quarter. First Bank & Trust now owns 2,106 shares of the construction company’s stock worth $712,000 after buying an additional 33 shares during the last quarter. CWM LLC boosted its position in Dycom Industries by 1.9% during the fourth quarter. CWM LLC now owns 1,956 shares of the construction company’s stock valued at $661,000 after purchasing an additional 36 shares during the last quarter. Optiver Holding B.V. grew its stake in Dycom Industries by 57.1% in the third quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock valued at $32,000 after purchasing an additional 40 shares in the last quarter. UMB Bank n.a. increased its position in shares of Dycom Industries by 57.3% during the 3rd quarter. UMB Bank n.a. now owns 129 shares of the construction company’s stock worth $38,000 after purchasing an additional 47 shares during the last quarter. Finally, Archer Investment Corp raised its stake in shares of Dycom Industries by 7.1% during the 3rd quarter. Archer Investment Corp now owns 739 shares of the construction company’s stock worth $216,000 after purchasing an additional 49 shares in the last quarter. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DY has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Dycom Industries in a report on Wednesday, January 21st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $436.00 target price on shares of Dycom Industries in a research note on Friday, March 27th. UBS Group set a $475.00 price target on Dycom Industries and gave the stock a “buy” rating in a research report on Friday, March 6th. Finally, B. Riley Financial upped their price objective on Dycom Industries from $420.00 to $485.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $431.64.

Dycom Industries Stock Performance

Shares of DY stock opened at $456.95 on Wednesday. The company has a market capitalization of $13.72 billion, a price-to-earnings ratio of 47.60, a PEG ratio of 0.99 and a beta of 1.46. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.61 and a current ratio of 2.74. The company has a 50-day simple moving average of $380.72 and a 200 day simple moving average of $357.52. Dycom Industries, Inc. has a 52 week low of $181.17 and a 52 week high of $463.96.

Dycom Industries (NYSE:DY) last released its quarterly earnings results on Wednesday, March 4th. The construction company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.12. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Dycom Industries had a net margin of 5.07% and a return on equity of 21.77%. The business’s revenue was up 34.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.17 EPS. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. On average, sell-side analysts predict that Dycom Industries, Inc. will post 12.88 earnings per share for the current year.

Dycom Industries 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.