Teacher Retirement System of Texas Buys 2,973 Shares of Dycom Industries, Inc. $DY

Key Points

• Teacher Retirement System of Texas increased its stake in Dycom by 32% in Q4, adding 2,973 shares to hold 12,255 shares valued at $4.141 million.
• Dycom beat Q4 estimates, reporting $2.03 EPS vs. $1.91 expected and $1.46B revenue vs. $1.34B expected, with revenue up 34.4% year-over-year and Q1 2027 EPS guidance of 2.57–2.90.
• Institutional ownership is very high at 98.33%, and analysts maintain a consensus "Buy" rating with an average target of $431.64 (several firms have raised targets, Bank of America to $475).

Teacher Retirement System of Texas increased its stake in shares of Dycom Industries, Inc. (NYSE:DY - Free Report) by 32.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,255 shares of the construction company's stock after acquiring an additional 2,973 shares during the quarter. Teacher Retirement System of Texas' holdings in Dycom Industries were worth $4,141,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Kingswood Wealth Advisors LLC bought a new stake in Dycom Industries in the fourth quarter valued at $299,000. M&T Bank Corp acquired a new position in shares of Dycom Industries during the fourth quarter valued at about $8,865,000. Legacy Advisors LLC bought a new position in shares of Dycom Industries during the 4th quarter worth about $229,000. TD Waterhouse Canada Inc. grew its stake in shares of Dycom Industries by 67.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 16,999 shares of the construction company's stock valued at $5,750,000 after buying an additional 6,861 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Dycom Industries by 10.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,477 shares of the construction company's stock valued at $3,540,000 after buying an additional 992 shares during the period. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Dycom Industries Stock Performance

Shares of DY stock opened at $416.34 on Tuesday. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.74 and a quick ratio of 2.61. The firm has a 50-day moving average of $381.12 and a 200-day moving average of $354.02. Dycom Industries, Inc. has a one year low of $162.30 and a one year high of $445.52. The company has a market cap of $12.50 billion, a P/E ratio of 43.37, a P/E/G ratio of 0.94 and a beta of 1.38.

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Zacks Research raised Dycom Industries from a "strong sell" rating to a "hold" rating in a research note on Monday, April 6th. Wall Street Zen cut Dycom Industries from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 7th. Bank of America boosted their price objective on Dycom Industries from $365.00 to $475.00 and gave the company a "buy" rating in a report on Wednesday, February 25th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Dycom Industries in a research report on Wednesday, January 21st. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $436.00 price target on shares of Dycom Industries in a research report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Dycom Industries currently has a consensus rating of "Buy" and an average target price of $431.64.

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.

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