Louisiana State Employees Retirement System Takes Position in Dycom Industries, Inc. $DY

Louisiana State Employees Retirement System purchased a new position in shares of Dycom Industries, Inc. (NYSE:DY) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,700 shares of the construction company’s stock, valued at approximately $2,948,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Sound Income Strategies LLC purchased a new position in Dycom Industries in the 4th quarter valued at approximately $32,000. Kemnay Advisory Services Inc. purchased a new stake in Dycom Industries during the fourth quarter worth $30,000. Acumen Wealth Advisors LLC acquired a new stake in Dycom Industries in the fourth quarter valued at $35,000. CI Investments Inc. grew its holdings in Dycom Industries by 259.4% in the third 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. Finally, Legacy Wealth Managment LLC ID purchased a new position in shares of Dycom Industries in the fourth quarter valued at $39,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries Stock Up 0.2%

DY opened at $489.10 on Monday. The company has a quick ratio of 2.46, a current ratio of 2.58 and a debt-to-equity ratio of 1.48. The firm has a market cap of $14.69 billion, a P/E ratio of 46.54, a PEG ratio of 0.86 and a beta of 1.49. Dycom Industries, Inc. has a 52 week low of $233.00 and a 52 week high of $566.47. The business’s fifty day simple moving average is $446.92 and its 200 day simple moving average is $397.17.

Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Wednesday, May 27th. The construction company reported $4.42 EPS for the quarter, topping analysts’ consensus estimates of $2.73 by $1.69. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter last year, the business posted $2.09 EPS. The firm’s quarterly revenue was up 56.1% compared to the same quarter last year. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. As a group, equities research analysts anticipate that Dycom Industries, Inc. will post 15.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DY. JPMorgan Chase & Co. lifted their price target on Dycom Industries from $415.00 to $650.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Wedbush set a $654.00 price objective on shares of Dycom Industries in a research note on Friday, May 29th. Wells Fargo & Company raised their target price on shares of Dycom Industries from $500.00 to $650.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. Wall Street Zen upgraded shares of Dycom Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 6th. Finally, Guggenheim upped their price target on shares of Dycom Industries from $575.00 to $620.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Two equities research analysts have rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $554.92.

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.