Dycom Industries, Inc. $DY Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System trimmed its position in shares of Dycom Industries, Inc. (NYSE:DY) by 50.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,158 shares of the construction company’s stock after selling 4,300 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Dycom Industries were worth $1,213,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. AlTi Global Inc. raised its holdings in Dycom Industries by 20.7% in the second quarter. AlTi Global Inc. now owns 13,097 shares of the construction company’s stock valued at $3,201,000 after acquiring an additional 2,243 shares in the last quarter. Leuthold Group LLC purchased a new stake in shares of Dycom Industries in the 2nd quarter valued at approximately $3,762,000. Entropy Technologies LP raised its holdings in shares of Dycom Industries by 378.1% in the 2nd quarter. Entropy Technologies LP now owns 7,826 shares of the construction company’s stock valued at $1,913,000 after purchasing an additional 6,189 shares in the last quarter. Creative Planning grew its stake in shares of Dycom Industries by 88.7% during the second quarter. Creative Planning now owns 12,195 shares of the construction company’s stock worth $2,980,000 after purchasing an additional 5,731 shares in the last quarter. Finally, Greenleaf Trust purchased a new position in Dycom Industries in the second quarter valued at $246,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries Trading Down 1.3%

Shares of Dycom Industries stock opened at $365.79 on Wednesday. The company has a market capitalization of $10.59 billion, a P/E ratio of 36.00, a PEG ratio of 1.91 and a beta of 1.34. Dycom Industries, Inc. has a 1 year low of $131.37 and a 1 year high of $379.89. The company’s fifty day moving average is $343.29 and its two-hundred day moving average is $296.78. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.90 and a current ratio of 3.09.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Wednesday, November 19th. The construction company reported $3.63 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.48. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.41 billion. Dycom Industries had a return on equity of 22.21% and a net margin of 5.75%.The company’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period last year, the company earned $2.68 earnings per share. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. Analysts forecast that Dycom Industries, Inc. will post 7.13 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on DY. Wall Street Zen raised Dycom Industries from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 23rd. Bank of America raised their price objective on shares of Dycom Industries from $310.00 to $365.00 and gave the stock a “buy” rating in a report on Friday, November 21st. DA Davidson boosted their price objective on shares of Dycom Industries from $300.00 to $390.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. B. Riley increased their target price on shares of Dycom Industries from $320.00 to $420.00 and gave the company a “buy” rating in a research report on Friday, November 21st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Dycom Industries from $275.00 to $370.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. Two research analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $379.67.

Insiders Place Their Bets

In other Dycom Industries news, Director Eitan Gertel sold 3,645 shares of the firm’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $345.62, for a total value of $1,259,784.90. Following the completion of the sale, the director owned 15,997 shares of the company’s stock, valued at approximately $5,528,883.14. This trade represents a 18.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.72% of the stock is owned by corporate insiders.

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.