California Public Employees Retirement System Grows Position in Dycom Industries, Inc. $DY

California Public Employees Retirement System boosted its position in shares of Dycom Industries, Inc. (NYSE:DY) by 6.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,573 shares of the construction company’s stock after purchasing an additional 2,882 shares during the period. California Public Employees Retirement System’s holdings in Dycom Industries were worth $16,458,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. purchased a new position in shares of Dycom Industries during the fourth quarter valued at approximately $30,000. Sound Income Strategies LLC purchased a new stake in shares of Dycom Industries in the fourth quarter worth approximately $32,000. Acumen Wealth Advisors LLC bought a new stake in shares of Dycom Industries during the 4th quarter worth approximately $35,000. EverSource Wealth Advisors LLC lifted its stake in shares of Dycom Industries by 73.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock worth $39,000 after acquiring an additional 68 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID purchased a new position in Dycom Industries during the 4th quarter valued at $39,000. 98.33% of the stock is owned by hedge funds and other institutional investors.

Dycom Industries Stock Up 1.4%

Shares of NYSE DY opened at $440.32 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.46 and a current ratio of 2.58. The firm has a market capitalization of $13.22 billion, a price-to-earnings ratio of 41.90, a PEG ratio of 0.76 and a beta of 1.50. The stock has a 50 day moving average price of $452.25 and a 200 day moving average price of $408.98. Dycom Industries, Inc. has a 52-week low of $233.00 and a 52-week high of $566.47.

Dycom Industries (NYSE:DY) last announced its quarterly earnings data on Wednesday, May 27th. The construction company reported $4.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.73 by $1.69. The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.Dycom Industries’s revenue was up 56.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.09 earnings per share. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. Sell-side analysts expect that Dycom Industries, Inc. will post 15.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

DY has been the topic of several research analyst reports. Wall Street Zen raised Dycom Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 6th. Wedbush set a $654.00 target price on Dycom Industries in a research report on Friday, May 29th. Guggenheim boosted their target price on shares of Dycom Industries from $575.00 to $620.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. B. Riley Financial upped their price target on shares of Dycom Industries from $485.00 to $625.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Finally, Zacks Research upgraded shares of Dycom Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. Two equities research analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $554.92.

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.