Dycom Industries, Inc. $DY Position Boosted by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund grew its holdings in Dycom Industries, Inc. (NYSE:DY) by 145.2% during the first quarter, Holdings Channel.com reports. The firm owned 9,380 shares of the construction company’s stock after buying an additional 5,555 shares during the period. Illinois Municipal Retirement Fund’s holdings in Dycom Industries were worth $3,178,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Sound Income Strategies LLC purchased a new position in Dycom Industries during the fourth quarter valued at approximately $32,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Dycom Industries during the 4th quarter valued at $30,000. Acumen Wealth Advisors LLC purchased a new position in shares of Dycom Industries during the 4th quarter valued at $35,000. Legacy Wealth Managment LLC ID purchased a new position in shares of Dycom Industries during the 4th quarter valued at $39,000. Finally, Nemes Rush Group LLC acquired a new position in shares of Dycom Industries in the fourth quarter worth $40,000. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Wall Street Zen upgraded Dycom Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 6th. Wells Fargo & Company upped their target price on Dycom Industries from $500.00 to $650.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. KeyCorp raised their price target on Dycom Industries from $482.00 to $610.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. B. Riley Financial lifted their price target on Dycom Industries from $485.00 to $625.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Finally, Weiss Ratings upgraded Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, July 6th. Two investment analysts have rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. According to MarketBeat, Dycom Industries currently has an average rating of “Buy” and a consensus price target of $554.92.

Dycom Industries Price Performance

Shares of NYSE:DY opened at $407.00 on Monday. The stock has a market capitalization of $12.22 billion, a P/E ratio of 38.72, a P/E/G ratio of 0.72 and a beta of 1.50. The business has a 50-day moving average of $453.22 and a two-hundred day moving average of $406.58. Dycom Industries, Inc. has a fifty-two week low of $233.00 and a fifty-two week high of $566.47. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.58 and a quick ratio of 2.46.

Dycom Industries (NYSE:DY) last issued its quarterly earnings data on Wednesday, May 27th. The construction company reported $4.42 EPS for the quarter, beating analysts’ consensus estimates of $2.73 by $1.69. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the prior year, the firm posted $2.09 EPS. The firm’s revenue for the quarter was up 56.1% on a year-over-year basis. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. On average, equities research analysts predict that Dycom Industries, Inc. will post 15.42 EPS for the current fiscal 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.