5,900 Shares in Dycom Industries, Inc. $DY Bought by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board purchased a new position in Dycom Industries, Inc. (NYSE:DY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,900 shares of the construction company’s stock, valued at approximately $1,994,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Nordea Investment Management AB increased its position in shares of Dycom Industries by 5,603.6% during the fourth quarter. Nordea Investment Management AB now owns 405,580 shares of the construction company’s stock worth $139,057,000 after purchasing an additional 398,469 shares in the last quarter. Wilson Asset Management International PTY Ltd. purchased a new stake in shares of Dycom Industries during the fourth quarter worth approximately $1,014,000. New York Life Investment Management LLC purchased a new stake in shares of Dycom Industries during the third quarter worth approximately $830,000. American Century Companies Inc. increased its position in shares of Dycom Industries by 58.4% during the third quarter. American Century Companies Inc. now owns 97,801 shares of the construction company’s stock worth $28,534,000 after purchasing an additional 36,074 shares in the last quarter. Finally, 12th Street Asset Management Company LLC increased its position in shares of Dycom Industries by 48.9% during the third quarter. 12th Street Asset Management Company LLC now owns 67,238 shares of the construction company’s stock worth $19,617,000 after purchasing an additional 22,077 shares in the last quarter. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DY. Guggenheim boosted their price target on Dycom Industries from $575.00 to $620.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Wedbush set a $654.00 price target on Dycom Industries in a research report on Friday. Cantor Fitzgerald boosted their price target on Dycom Industries from $436.00 to $654.00 and gave the stock an “overweight” rating in a research report on Friday. Wells Fargo & Company boosted their price target on Dycom Industries from $500.00 to $650.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Finally, KeyCorp boosted their price target on Dycom Industries from $482.00 to $610.00 and gave the stock an “overweight” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Dycom Industries has a consensus rating of “Buy” and a consensus price target of $554.92.

Dycom Industries Stock Performance

NYSE DY opened at $484.59 on Wednesday. The stock’s fifty day moving average is $404.83 and its two-hundred day moving average is $378.68. The firm has a market capitalization of $14.55 billion, a P/E ratio of 46.11, a price-to-earnings-growth ratio of 1.04 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 fifty-two week low of $229.40 and a fifty-two week high of $566.47.

Dycom Industries (NYSE:DY) last released its quarterly earnings data on Wednesday, May 27th. The construction company reported $4.42 earnings per share for the quarter, topping analysts’ consensus estimates of $2.73 by $1.69. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.67 billion. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.The firm’s revenue for the quarter was up 56.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.09 earnings per share. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. On average, research analysts anticipate that Dycom Industries, Inc. will post 12.89 earnings per share for the current year.

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.