Teacher Retirement System of Texas Sells 4,574 Shares of Dycom Industries, Inc. (NYSE:DY)

Teacher Retirement System of Texas decreased its position in Dycom Industries, Inc. (NYSE:DY - Free Report) by 33.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 8,993 shares of the construction company's stock after selling 4,574 shares during the quarter. Teacher Retirement System of Texas' holdings in Dycom Industries were worth $1,370,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in DY. KBC Group NV lifted its position in Dycom Industries by 18.9% during the 1st quarter. KBC Group NV now owns 1,443 shares of the construction company's stock worth $220,000 after buying an additional 229 shares in the last quarter. SG Americas Securities LLC acquired a new position in Dycom Industries during the 1st quarter worth about $342,000. Public Employees Retirement System of Ohio lifted its position in Dycom Industries by 105.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,114 shares of the construction company's stock worth $194,000 after buying an additional 572 shares in the last quarter. J. Goldman & Co LP lifted its position in Dycom Industries by 25.4% during the 4th quarter. J. Goldman & Co LP now owns 90,253 shares of the construction company's stock worth $15,709,000 after buying an additional 18,289 shares in the last quarter. Finally, Pictet Asset Management Holding SA lifted its position in Dycom Industries by 8.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 4,190 shares of the construction company's stock worth $729,000 after buying an additional 324 shares in the last quarter. Institutional investors own 98.33% of the company's stock.

Dycom Industries Trading Up 0.8%

Shares of NYSE:DY traded up $2.06 during mid-day trading on Friday, reaching $252.33. The stock had a trading volume of 184,027 shares, compared to its average volume of 425,462. The firm has a market cap of $7.30 billion, a PE ratio of 31.98, a price-to-earnings-growth ratio of 1.44 and a beta of 1.32. The firm has a 50 day simple moving average of $226.01 and a two-hundred day simple moving average of $188.34. The company has a current ratio of 2.89, a quick ratio of 2.68 and a debt-to-equity ratio of 0.80. Dycom Industries, Inc. has a twelve month low of $131.37 and a twelve month high of $255.42.

Dycom Industries (NYSE:DY - Get Free Report) last announced its quarterly earnings results on Wednesday, May 21st. The construction company reported $2.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.62 by $0.47. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.19 billion. Dycom Industries had a net margin of 4.81% and a return on equity of 20.04%. Dycom Industries's revenue for the quarter was up 10.2% on a year-over-year basis. During the same period last year, the company posted $2.12 EPS. On average, research analysts predict that Dycom Industries, Inc. will post 7.13 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on DY. Wall Street Zen upgraded shares of Dycom Industries from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. DA Davidson upped their target price on shares of Dycom Industries from $220.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. UBS Group upped their target price on shares of Dycom Industries from $258.00 to $288.00 and gave the company a "buy" rating in a research report on Thursday. B. Riley upped their target price on shares of Dycom Industries from $200.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Finally, Raymond James Financial upped their target price on shares of Dycom Industries from $215.00 to $255.00 and gave the company a "strong-buy" rating in a research report on Thursday, May 22nd. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $245.00.

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.