Illinois Municipal Retirement Fund Sells 819 Shares of Dycom Industries, Inc. $DY

Illinois Municipal Retirement Fund reduced its stake in shares of Dycom Industries, Inc. (NYSE:DY) by 5.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,287 shares of the construction company’s stock after selling 819 shares during the quarter. Illinois Municipal Retirement Fund owned 0.05% of Dycom Industries worth $3,736,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Millennium Management LLC lifted its holdings in Dycom Industries by 3.2% during the 1st quarter. Millennium Management LLC now owns 1,481,394 shares of the construction company’s stock valued at $225,676,000 after purchasing an additional 45,562 shares during the last quarter. Hill City Capital LP increased its position in Dycom Industries by 14.1% in the first quarter. Hill City Capital LP now owns 969,784 shares of the construction company’s stock worth $147,737,000 after purchasing an additional 120,000 shares during the period. Appian Way Asset Management LP raised its stake in shares of Dycom Industries by 108.1% during the first quarter. Appian Way Asset Management LP now owns 189,685 shares of the construction company’s stock worth $28,897,000 after buying an additional 98,542 shares during the last quarter. Voya Investment Management LLC lifted its holdings in Dycom Industries by 1,432.2% in the first quarter. Voya Investment Management LLC now owns 144,883 shares of the construction company’s stock valued at $22,071,000 after buying an additional 135,427 shares during the period. Finally, Reaves W H & Co. Inc. boosted its position in shares of Dycom Industries by 20.2% in the 1st quarter. Reaves W H & Co. Inc. now owns 141,108 shares of the construction company’s stock worth $21,496,000 after purchasing an additional 23,679 shares during the last quarter. Institutional investors own 98.33% of the company’s stock.

Dycom Industries Trading Up 1.8%

Shares of Dycom Industries stock opened at $295.75 on Thursday. The stock has a market cap of $8.56 billion, a P/E ratio of 33.23, a P/E/G ratio of 1.38 and a beta of 1.23. The company has a quick ratio of 2.96, a current ratio of 3.16 and a debt-to-equity ratio of 0.74. Dycom Industries, Inc. has a 12-month low of $131.37 and a 12-month high of $301.88. The business’s 50 day moving average is $280.98 and its 200-day moving average is $252.96.

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Bank of America raised their target price on Dycom Industries from $299.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Zacks Research raised shares of Dycom Industries from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. KeyCorp boosted their price target on shares of Dycom Industries from $306.00 to $320.00 and gave the company an “overweight” rating in a report on Monday, October 20th. UBS Group increased their price target on Dycom Industries from $296.00 to $336.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Finally, Wells Fargo & Company raised their price objective on shares of Dycom Industries from $295.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, September 26th. Two analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $301.38.

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.