Strs Ohio Has $1.40 Million Position in Dycom Industries, Inc. $DY

Strs Ohio boosted its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 45.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,800 shares of the construction company’s stock after acquiring an additional 1,500 shares during the quarter. Strs Ohio’s holdings in Dycom Industries were worth $1,400,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Archer Investment Corp lifted its stake in shares of Dycom Industries by 6.2% during the second quarter. Archer Investment Corp now owns 690 shares of the construction company’s stock valued at $169,000 after acquiring an additional 40 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of Dycom Industries by 1.0% in the 2nd quarter. Quadrant Capital Group LLC now owns 4,492 shares of the construction company’s stock valued at $1,098,000 after purchasing an additional 46 shares during the last quarter. Campbell Newman Asset Management Inc. grew its position in shares of Dycom Industries by 0.4% during the 3rd quarter. Campbell Newman Asset Management Inc. now owns 14,815 shares of the construction company’s stock worth $4,322,000 after buying an additional 60 shares during the period. Profund Advisors LLC raised its stake in shares of Dycom Industries by 4.5% during the second quarter. Profund Advisors LLC now owns 1,420 shares of the construction company’s stock worth $347,000 after buying an additional 61 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Dycom Industries by 9.1% in the third quarter. GAMMA Investing LLC now owns 769 shares of the construction company’s stock valued at $224,000 after buying an additional 64 shares during the period. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Dycom Industries news, Director Eitan Gertel sold 3,645 shares of the company’s stock in a transaction on Friday, January 9th. The shares were sold at an average price of $345.62, for a total transaction of $1,259,784.90. Following the sale, the director directly owned 15,997 shares of the company’s stock, valued at approximately $5,528,883.14. This represents a 18.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 3.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on DY shares. JPMorgan Chase & Co. lifted their price objective on Dycom Industries from $275.00 to $370.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Wall Street Zen upgraded Dycom Industries from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 23rd. Vertical Research initiated coverage on shares of Dycom Industries in a research report on Tuesday, December 23rd. They issued a “buy” rating and a $420.00 price target on the stock. DA Davidson boosted their price objective on shares of Dycom Industries from $300.00 to $390.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Finally, Guggenheim started coverage on shares of Dycom Industries in a research note on Thursday, January 22nd. They issued a “buy” rating and a $510.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $392.70.

Dycom Industries Stock Up 0.3%

Shares of DY stock opened at $374.28 on Wednesday. The firm’s fifty day moving average price is $351.46 and its two-hundred day moving average price is $301.09. The company has a current ratio of 3.09, a quick ratio of 2.90 and a debt-to-equity ratio of 0.62. Dycom Industries, Inc. has a 1 year low of $131.37 and a 1 year high of $386.94. The firm has a market capitalization of $10.84 billion, a P/E ratio of 36.84, a PEG ratio of 1.92 and a beta of 1.34.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Wednesday, November 19th. The construction company reported $3.63 EPS for the quarter, beating the consensus estimate of $3.15 by $0.48. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Dycom Industries had a return on equity of 22.21% and a net margin of 5.75%.The business’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.68 earnings per share. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. On average, equities analysts predict that Dycom Industries, Inc. will post 7.13 EPS for the current fiscal year.

About Dycom Industries

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.