New Mexico Educational Retirement Board Takes Position in Dycom Industries, Inc. $DY

New Mexico Educational Retirement Board purchased a new stake in Dycom Industries, Inc. (NYSE:DY) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 5,900 shares of the construction company’s stock, valued at approximately $1,994,000.

Other large investors have also modified their holdings of the company. Optiver Holding B.V. lifted its stake in shares of Dycom Industries by 57.1% in the 3rd 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 during the last quarter. Sound Income Strategies LLC acquired a new position in shares of Dycom Industries in the 4th quarter valued at $32,000. CI Investments Inc. lifted its stake in shares of Dycom Industries by 259.4% in the 3rd quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock valued at $34,000 after purchasing an additional 83 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Dycom Industries by 57.3% in the 3rd quarter. UMB Bank n.a. now owns 129 shares of the construction company’s stock valued at $38,000 after purchasing an additional 47 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID acquired a new position in shares of Dycom Industries in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries Price Performance

Shares of NYSE DY opened at $484.59 on Wednesday. The stock’s 50-day moving average is $404.83 and its two-hundred day moving average is $378.68. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.58 and a quick ratio of 2.46. Dycom Industries, Inc. has a 1-year low of $229.40 and a 1-year high of $566.47. The company has a market cap of $14.55 billion, a price-to-earnings ratio of 46.11, a price-to-earnings-growth ratio of 1.04 and a beta of 1.49.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share for the quarter, topping the consensus estimate of $2.73 by $1.69. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the business earned $2.09 EPS. Dycom Industries’s revenue was up 56.1% on a year-over-year basis. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. Analysts forecast that Dycom Industries, Inc. will post 12.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DY. KeyCorp upped their price target on Dycom Industries from $482.00 to $610.00 and gave the company an “overweight” rating in a research note on Monday. Bank of America upped their price target on Dycom Industries from $365.00 to $475.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Weiss Ratings raised Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday. Wall Street Zen lowered Dycom Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th. Finally, Wedbush set a $654.00 price target on Dycom Industries in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $554.92.

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.