Maryland State Retirement & Pension System Reduces Holdings in Dycom Industries, Inc. $DY

Maryland State Retirement & Pension System cut its holdings in Dycom Industries, Inc. (NYSE:DY) by 50.8% during the 3rd quarter, Holdings Channel reports. The firm owned 4,158 shares of the construction company’s stock after selling 4,300 shares during the period. Maryland State Retirement & Pension System’s holdings in Dycom Industries were worth $1,213,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Archer Investment Corp raised its holdings in shares of Dycom Industries by 6.2% in the second quarter. Archer Investment Corp now owns 690 shares of the construction company’s stock worth $169,000 after acquiring an additional 40 shares during the last quarter. Quadrant Capital Group LLC increased its position in Dycom Industries by 1.0% during the 2nd quarter. Quadrant Capital Group LLC now owns 4,492 shares of the construction company’s stock worth $1,098,000 after purchasing an additional 46 shares in the last quarter. Campbell Newman Asset Management Inc. raised its stake in Dycom Industries by 0.4% in the 3rd quarter. Campbell Newman Asset Management Inc. now owns 14,815 shares of the construction company’s stock valued at $4,322,000 after purchasing an additional 60 shares during the last quarter. Profund Advisors LLC lifted its holdings in Dycom Industries by 4.5% in the 2nd quarter. Profund Advisors LLC now owns 1,420 shares of the construction company’s stock valued at $347,000 after purchasing an additional 61 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Dycom Industries by 9.1% during the 3rd quarter. GAMMA Investing LLC now owns 769 shares of the construction company’s stock worth $224,000 after purchasing an additional 64 shares during the last quarter. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Dycom Industries Price Performance

Shares of NYSE DY opened at $365.79 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.09 and a quick ratio of 2.90. Dycom Industries, Inc. has a 1-year low of $131.37 and a 1-year high of $379.89. The company has a market capitalization of $10.59 billion, a price-to-earnings ratio of 36.00, a PEG ratio of 1.91 and a beta of 1.34. The business has a 50-day moving average of $343.29 and a 200-day moving average of $296.78.

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

Insider Activity

In related news, Director Eitan Gertel sold 3,645 shares of the business’s stock in a transaction dated 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 directly owned 15,997 shares of the company’s stock, valued at $5,528,883.14. The trade was a 18.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.72% of the company’s stock.

Analyst Upgrades and Downgrades

DY has been the subject of several recent analyst reports. Wells Fargo & Company lifted their target price on shares of Dycom Industries from $315.00 to $360.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. B. Riley lifted their price objective on Dycom Industries from $320.00 to $420.00 and gave the company a “buy” rating in a research report on Friday, November 21st. KeyCorp increased their target price on Dycom Industries from $320.00 to $392.00 and gave the stock an “overweight” rating in a research report on Friday, November 21st. Vertical Research assumed coverage on Dycom Industries in a report on Tuesday, December 23rd. They issued a “buy” rating and a $420.00 price target for the company. Finally, Bank of America increased 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. Two investment analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $379.67.

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.