Dycom Industries, Inc. $DY Holdings Raised by Strs Ohio

Key Points

• Strs Ohio increased its stake in Dycom by 172.9% in Q4 to 13,100 shares (worth $4.426 million), and institutional investors now own 98.33% of the company's stock.
• Dycom beat Q4 estimates with EPS of $2.03 (vs. $1.91) and revenue of $1.46 billion (up 34.4% YoY), and guided Q1 2027 EPS of $2.57–$2.90.
• Analysts' consensus is a Buy with an average target of $431.64, and several firms (KeyCorp, B. Riley, Bank of America) recently raised price targets into the $475–$485 range.

Strs Ohio increased its stake in Dycom Industries, Inc. (NYSE:DY - Free Report) by 172.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,100 shares of the construction company's stock after purchasing an additional 8,300 shares during the quarter. Strs Ohio's holdings in Dycom Industries were worth $4,426,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. PFA Pension Forsikringsaktieselskab bought a new stake in shares of Dycom Industries during the 4th quarter worth about $1,848,000. Horizon Investments LLC increased its holdings in shares of Dycom Industries by 43.0% in the fourth quarter. Horizon Investments LLC now owns 16,907 shares of the construction company's stock valued at $5,713,000 after buying an additional 5,086 shares in the last quarter. Payne Capital Management LLC acquired a new position in shares of Dycom Industries in the fourth quarter worth about $210,000. Sigma Planning Corp acquired a new stake in shares of Dycom Industries in the fourth quarter worth $319,000. Finally, Simplicity Wealth LLC boosted its holdings in shares of Dycom Industries by 49.8% during the fourth quarter. Simplicity Wealth LLC now owns 4,513 shares of the construction company's stock worth $1,525,000 after purchasing an additional 1,500 shares during the period. Institutional investors own 98.33% of the company's stock.

Dycom Industries Stock Up 6.4%

Shares of NYSE DY opened at $456.95 on Wednesday. Dycom Industries, Inc. has a 1 year low of $181.17 and a 1 year high of $463.96. The firm's 50-day moving average is $380.72 and its 200-day moving average is $357.52. The company has a current ratio of 2.74, a quick ratio of 2.61 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $13.72 billion, a PE ratio of 47.60, a price-to-earnings-growth ratio of 0.99 and a beta of 1.46.

Dycom Industries (NYSE:DY - Get Free Report) last posted its quarterly earnings results on Wednesday, March 4th. The construction company reported $2.03 earnings per share for the quarter, topping analysts' consensus estimates of $1.91 by $0.12. Dycom Industries had a net margin of 5.07% and a return on equity of 21.77%. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the firm posted $1.17 earnings per share. Dycom Industries's revenue for the quarter was up 34.4% compared to the same quarter last year. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. Equities analysts expect that Dycom Industries, Inc. will post 12.88 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DY. KeyCorp raised their price target on shares of Dycom Industries from $426.00 to $482.00 and gave the company an "overweight" rating in a report on Thursday, March 5th. Zacks Research raised Dycom Industries from a "strong sell" rating to a "hold" rating in a research report on Monday, April 6th. Cantor Fitzgerald reissued an "overweight" rating and issued a $436.00 price target on shares of Dycom Industries in a report on Friday, March 27th. B. Riley Financial lifted their price objective on Dycom Industries from $420.00 to $485.00 and gave the stock a "buy" rating in a report on Thursday, March 5th. Finally, Bank of America upped their target price on shares of Dycom Industries from $365.00 to $475.00 and gave the company a "buy" rating in a research note on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $431.64.

Dycom Industries 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.

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