Strs Ohio Acquires New Shares in Dycom Industries, Inc. $DY

Key Points

• Strs Ohio has acquired 2,400 shares of Dycom Industries, Inc., valued at approximately $366,000, as reported in their latest Form 13F filing.
• Analysts have raised their price targets for Dycom Industries, with JPMorgan and Raymond James setting targets of $275.00 and $300.00, respectively, indicating strong market confidence.
• Dycom Industries reported a quarterly EPS of $3.33, exceeding expectations of $2.92, with revenue up 14.5% year-over-year, despite a slight miss on revenue estimates.

Strs Ohio acquired a new position in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,400 shares of the construction company's stock, valued at approximately $366,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Dycom Industries by 22.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 64,741 shares of the construction company's stock valued at $11,269,000 after purchasing an additional 11,798 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in Dycom Industries by 105.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 1,114 shares of the construction company's stock valued at $194,000 after buying an additional 572 shares during the period. Total Wealth Planning & Management Inc. purchased a new position in Dycom Industries during the fourth quarter worth about $639,000. Versant Capital Management Inc bought a new position in Dycom Industries in the 1st quarter worth about $28,000. Finally, GAMMA Investing LLC increased its stake in Dycom Industries by 14,170.3% in the 1st quarter. GAMMA Investing LLC now owns 58,651 shares of the construction company's stock worth $8,935,000 after acquiring an additional 58,240 shares during the last quarter. Hedge funds and other institutional investors own 98.33% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Dycom Industries from $250.00 to $275.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Raymond James Financial lifted their target price on shares of Dycom Industries from $290.00 to $300.00 and gave the company a "strong-buy" rating in a research report on Thursday, August 21st. Zacks Research raised shares of Dycom Industries to a "hold" rating in a report on Monday, August 11th. UBS Group raised their price objective on shares of Dycom Industries from $288.00 to $296.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. Finally, Wall Street Zen upgraded shares of Dycom Industries from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $289.43.

Dycom Industries Trading Up 0.3%

NYSE DY opened at $282.10 on Wednesday. The firm has a market cap of $8.17 billion, a PE ratio of 31.70, a price-to-earnings-growth ratio of 1.34 and a beta of 1.18. Dycom Industries, Inc. has a 1-year low of $131.37 and a 1-year high of $285.64. The stock has a 50-day moving average of $262.42 and a 200-day moving average of $218.38. The company has a current ratio of 3.16, a quick ratio of 2.96 and a debt-to-equity ratio of 0.74.

Dycom Industries (NYSE:DY - Get Free Report) last announced its quarterly earnings results on Wednesday, August 20th. The construction company reported $3.33 EPS for the quarter, topping analysts' consensus estimates of $2.92 by $0.41. The business had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.41 billion. Dycom Industries had a return on equity of 21.17% and a net margin of 5.23%.The business's quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.46 EPS. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. As a group, sell-side analysts forecast that Dycom Industries, Inc. will post 7.13 EPS for the current year.

About Dycom Industries

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.

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