Louisiana State Employees Retirement System Makes New $2.95 Million Investment in Dycom Industries, Inc. $DY

Louisiana State Employees Retirement System bought a new stake in Dycom Industries, Inc. (NYSE:DY) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 8,700 shares of the construction company’s stock, valued at approximately $2,948,000.

Other hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its position in Dycom Industries by 265,593,055.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 23,903,384 shares of the construction company’s stock valued at $8,076,953,000 after acquiring an additional 23,903,375 shares during the period. Nordea Investment Management AB lifted its position in Dycom Industries by 5,603.6% during the 4th quarter. Nordea Investment Management AB now owns 405,580 shares of the construction company’s stock worth $139,057,000 after acquiring an additional 398,469 shares during the period. Millennium Management LLC lifted its position in Dycom Industries by 21.0% during the 3rd quarter. Millennium Management LLC now owns 1,324,938 shares of the construction company’s stock worth $386,564,000 after acquiring an additional 229,579 shares during the period. Alyeska Investment Group L.P. purchased a new position in shares of Dycom Industries in the 3rd quarter valued at approximately $44,553,000. Finally, Cartenna Capital LP purchased a new position in shares of Dycom Industries in the 3rd quarter valued at approximately $40,846,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries Trading Up 0.2%

NYSE:DY opened at $489.10 on Monday. The stock has a fifty day moving average price of $446.92 and a two-hundred day moving average price of $397.17. The stock has a market capitalization of $14.69 billion, a price-to-earnings ratio of 46.54, a PEG ratio of 0.86 and a beta of 1.49. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.46 and a current ratio of 2.58. Dycom Industries, Inc. has a 1 year low of $233.00 and a 1 year high of $566.47.

Dycom Industries (NYSE:DY) last issued its earnings results on Wednesday, May 27th. The construction company reported $4.42 EPS for the quarter, topping the consensus estimate of $2.73 by $1.69. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period in the previous year, the firm earned $2.09 EPS. The business’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. As a group, sell-side analysts anticipate that Dycom Industries, Inc. will post 15.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DY has been the subject of several recent research reports. KeyCorp increased their price target on Dycom Industries from $482.00 to $610.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. B. Riley Financial upped their price objective on shares of Dycom Industries from $485.00 to $625.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Guggenheim raised their target price on shares of Dycom Industries from $575.00 to $620.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Cantor Fitzgerald lifted their target price on shares of Dycom Industries from $436.00 to $654.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Finally, Weiss Ratings lowered shares of Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company’s stock. According to data from MarketBeat.com, Dycom Industries currently has a consensus rating of “Buy” and a consensus 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.