5,450 Shares in Dycom Industries, Inc. $DY Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems purchased 5,450 Dycom Industries shares worth approximately $2.76 million during the second quarter. Institutional investors collectively own 98.33% of the company’s outstanding stock.
• Analysts remain broadly positive, with 11 Buy ratings and one Hold rating, producing a consensus “Moderate Buy” rating and an average price target of $502.42.
• Dycom exceeded quarterly expectations, reporting $5.29 in EPS and $2.01 billion in revenue, up 45.6% year over year. The company also authorized a $150 million share-repurchase program covering up to 1.4% of outstanding shares.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,450 shares of the construction company's stock, valued at approximately $2,755,000.

A number of other hedge funds have also recently bought and sold shares of DY. Northwestern Mutual Wealth Management Co. raised its stake in shares of Dycom Industries by 265,593,055.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 23,903,384 shares of the construction company's stock worth $8,076,953,000 after purchasing an additional 23,903,375 shares in the last quarter. California State Teachers Retirement System boosted its holdings in shares of Dycom Industries by 51,902.4% in the 2nd quarter. California State Teachers Retirement System now owns 17,614,250 shares of the construction company's stock valued at $8,905,589,000 after buying an additional 17,580,378 shares during the last quarter. Peconic Partners LLC grew its stake in shares of Dycom Industries by 2.8% in the second quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company's stock valued at $933,038,000 after buying an additional 105,586 shares in the last quarter. BlackRock Inc. acquired a new position in Dycom Industries during the second quarter worth $1,513,523,000. Finally, Hill City Capital LP acquired a new position in Dycom Industries during the second quarter worth $510,536,693. 98.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Raymond James Financial set a $375.00 price target on shares of Dycom Industries in a research note on Thursday, September 3rd. Zacks Research cut shares of Dycom Industries from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. Guggenheim raised their target price on shares of Dycom Industries from $575.00 to $620.00 and gave the company a "buy" rating in a research note on Thursday, May 28th. UBS Group reduced their price target on Dycom Industries from $611.00 to $525.00 and set a "buy" rating for the company in a report on Thursday, August 27th. Finally, Wedbush set a $654.00 price target on Dycom Industries in a research report on Friday, May 29th. Eleven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $502.42.

Dycom Industries Price Performance

NYSE:DY opened at $296.00 on Friday. Dycom Industries, Inc. has a one year low of $250.82 and a one year high of $566.47. The company has a market cap of $8.93 billion, a P/E ratio of 26.93, a P/E/G ratio of 0.51 and a beta of 1.49. The firm's fifty day moving average price is $384.69 and its two-hundred day moving average price is $405.68. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.35 and a quick ratio of 2.24.

Dycom Industries (NYSE:DY - Get Free Report) last posted its earnings results on Wednesday, August 26th. The construction company reported $5.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.72 by $0.57. The company 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%. Dycom Industries's quarterly revenue was up 45.6% compared to the same quarter last year. During the same quarter last year, the company posted $3.33 EPS. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. Equities analysts expect that Dycom Industries, Inc. will post 15.63 earnings per share for the current year.

Dycom Industries declared that its board has approved a stock repurchase plan on Wednesday, August 26th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the construction company to buy up to 1.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its shares are undervalued.

Insiders Place Their Bets

In related news, Director David Fallon acquired 700 shares of the business's stock in a transaction on Tuesday, September 1st. The stock was purchased at an average cost of $286.92 per share, for a total transaction of $200,844.00. Following the completion of the transaction, the director directly owned 1,043 shares of the company's stock, valued at approximately $299,257.56. The trade was a 204.08% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.22% of the stock is currently owned by corporate insiders.

About Dycom Industries

Dycom Industries, Inc is a specialty contractor that provides infrastructure construction and maintenance services for the telecommunications and utility industries. The company supports the expansion, upgrade and upkeep of communications networks, including fiber-optic, broadband, wireless and other voice and data systems.

Its services include engineering and design, aerial and underground construction, fiber and cable installation, wireless infrastructure deployment, network maintenance, utility locating, vegetation management and emergency restoration.

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