New York State Teachers Retirement System Cuts Position in Dycom Industries, Inc. $DY

New York State Teachers Retirement System lessened its holdings in Dycom Industries, Inc. (NYSE:DY) by 0.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,363 shares of the construction company’s stock after selling 100 shares during the period. New York State Teachers Retirement System owned about 0.13% of Dycom Industries worth $9,131,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AlphaQuest LLC purchased a new position in shares of Dycom Industries in the 1st quarter valued at about $37,000. Federated Hermes Inc. increased its stake in shares of Dycom Industries by 27.1% in the 1st quarter. Federated Hermes Inc. now owns 492 shares of the construction company’s stock valued at $75,000 after purchasing an additional 105 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of Dycom Industries by 370.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 607 shares of the construction company’s stock valued at $92,000 after purchasing an additional 478 shares in the last quarter. Archer Investment Corp purchased a new position in shares of Dycom Industries in the 1st quarter valued at about $99,000. Finally, GAMMA Investing LLC increased its stake in shares of Dycom Industries by 83.1% in the 2nd quarter. GAMMA Investing LLC now owns 705 shares of the construction company’s stock valued at $172,000 after purchasing an additional 320 shares in the last quarter. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DY. UBS Group lifted their price target on Dycom Industries from $296.00 to $336.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Zacks Research upgraded Dycom Industries from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. DA Davidson boosted their price objective on Dycom Industries from $265.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. Wells Fargo & Company boosted their price objective on Dycom Industries from $295.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, September 26th. Finally, Raymond James Financial boosted their price objective on Dycom Industries from $290.00 to $300.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $298.25.

Dycom Industries Trading Down 1.0%

Shares of Dycom Industries stock opened at $292.42 on Monday. The stock has a market cap of $8.47 billion, a P/E ratio of 32.86, a P/E/G ratio of 1.40 and a beta of 1.15. The stock’s 50 day simple moving average is $271.52 and its 200-day simple moving average is $235.89. Dycom Industries, Inc. has a 1-year low of $131.37 and a 1-year high of $301.88. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.16 and a quick ratio of 2.96.

Dycom Industries (NYSE:DY) last issued its earnings results on Wednesday, August 20th. The construction company reported $3.33 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.41. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Dycom Industries had a return on equity of 21.17% and a net margin of 5.23%.The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.46 EPS. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. Analysts predict that Dycom Industries, Inc. will post 7.13 EPS for the current fiscal year.

Dycom Industries Company Profile

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.