Public Employees Retirement System of Ohio Buys Shares of 8,729 Dycom Industries, Inc. $DY

Posted by Brenda Bartman on Sep 3rd, 2026

Public Employees Retirement System of Ohio purchased a new stake in Dycom Industries, Inc. (NYSE:DY – Free Report) during the second quarter, Holdings Channel reports. The fund purchased 8,729 shares of the construction company’s stock, valued at approximately $4,413,000.

Several other large investors have also recently made changes to their positions in DY. Wilson Asset Management International PTY Ltd. purchased a new position in shares of Dycom Industries in the fourth quarter valued at approximately $1,014,000. Norges Bank purchased a new stake in Dycom Industries during the 4th quarter worth approximately $19,335,000. Royal Bank of Canada lifted its holdings in Dycom Industries by 50.1% during the 1st quarter. Royal Bank of Canada now owns 22,327 shares of the construction company’s stock worth $7,566,000 after buying an additional 7,452 shares in the last quarter. Hillsdale Investment Management Inc. lifted its holdings in Dycom Industries by 82,666.7% during the 4th quarter. Hillsdale Investment Management Inc. now owns 24,830 shares of the construction company’s stock worth $8,390,000 after buying an additional 24,800 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Dycom Industries in the 4th quarter valued at approximately $1,693,000. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Dycom Industries Trading Up 3.3%

Shares of NYSE:DY opened at $296.88 on Thursday. Dycom Industries, Inc. has a 52 week low of $243.80 and a 52 week high of $566.47. The company’s 50 day moving average is $407.07 and its two-hundred day moving average is $411.02. The company has a current ratio of 2.35, a quick ratio of 2.24 and a debt-to-equity ratio of 1.35. The company has a market cap of $8.95 billion, a PE ratio of 27.01, a P/E/G ratio of 0.50 and a beta of 1.49.

Dycom Industries (NYSE:DY – Get Free Report) last released its quarterly earnings data on Wednesday, August 26th. The construction company reported $5.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.72 by $0.57. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Dycom Industries had a net margin of 4.79% and a return on equity of 25.30%. The company’s revenue for the quarter was up 45.6% on a year-over-year basis. During the same period in the previous year, the company earned $3.33 EPS. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. Equities analysts predict that Dycom Industries, Inc. will post 15.63 earnings per share for the current fiscal year.

Dycom Industries announced that its Board of Directors has authorized a stock repurchase program on Wednesday, August 26th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 1.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other Dycom Industries news, Director David Joseph Fallon purchased 700 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were bought at an average cost of $286.92 per share, for a total transaction of $200,844.00. Following the completion of the purchase, the director directly owned 1,043 shares in the company, valued at approximately $299,257.56. This represents a 204.08% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.22% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have commented on DY. Zacks Research downgraded shares of Dycom Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Wells Fargo & Company set a $476.00 target price on Dycom Industries in a report on Thursday, August 27th. Wedbush set a $654.00 target price on Dycom Industries in a research note on Friday, May 29th. Guggenheim upped their price target on Dycom Industries from $575.00 to $620.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Finally, Cantor Fitzgerald reduced their price target on Dycom Industries from $654.00 to $476.00 and set an “overweight” rating on the stock in a research report on Thursday, August 27th. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Dycom Industries currently has an average rating of “Moderate Buy” and an average target price of $514.00.

View Our Latest Analysis on DY

Dycom Industries Profile

(Free Report)

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.