State of Alaska Department of Revenue Sells 2,574 Shares of Dycom Industries, Inc. $DY

State of Alaska Department of Revenue decreased its holdings in shares of Dycom Industries, Inc. (NYSE:DY) by 15.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,555 shares of the construction company’s stock after selling 2,574 shares during the quarter. State of Alaska Department of Revenue owned about 0.05% of Dycom Industries worth $4,246,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of DY. Arrowstreet Capital Limited Partnership bought a new position in Dycom Industries in the second quarter valued at approximately $34,671,000. Voya Investment Management LLC boosted its position in shares of Dycom Industries by 1,432.2% in the 1st quarter. Voya Investment Management LLC now owns 144,883 shares of the construction company’s stock worth $22,071,000 after purchasing an additional 135,427 shares during the last quarter. Peconic Partners LLC grew its stake in shares of Dycom Industries by 2.8% during the second quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock worth $933,038,000 after purchasing an additional 105,586 shares during the period. M&G PLC bought a new stake in Dycom Industries in the second quarter valued at about $10,918,000. Finally, Canada Pension Plan Investment Board increased its holdings in Dycom Industries by 97.6% in the second quarter. Canada Pension Plan Investment Board now owns 83,800 shares of the construction company’s stock valued at $20,480,000 after purchasing an additional 41,400 shares during the last quarter. 98.33% of the stock is owned by institutional investors.

Insider Buying and Selling at Dycom Industries

In other news, Director Eitan Gertel sold 3,645 shares of the company’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $345.62, for a total transaction of $1,259,784.90. Following the completion of the transaction, the director directly owned 15,997 shares of the company’s stock, valued at $5,528,883.14. This represents a 18.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.72% of the stock is owned by corporate insiders.

Dycom Industries Stock Down 0.2%

Dycom Industries stock opened at $339.04 on Monday. The company has a 50 day moving average of $332.91 and a 200-day moving average of $291.08. The company has a quick ratio of 2.90, a current ratio of 3.09 and a debt-to-equity ratio of 0.62. Dycom Industries, Inc. has a twelve month low of $131.37 and a twelve month high of $366.65. The stock has a market capitalization of $9.82 billion, a PE ratio of 33.37, a price-to-earnings-growth ratio of 1.74 and a beta of 1.34.

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. KeyCorp raised their target price on Dycom Industries from $320.00 to $392.00 and gave the stock an “overweight” rating in a report on Friday, November 21st. Wall Street Zen upgraded shares of Dycom Industries from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 23rd. Vertical Research assumed coverage on shares of Dycom Industries in a research note on Tuesday, December 23rd. They issued a “buy” rating and a $420.00 target price for the company. Bank of America lifted their price target on shares of Dycom Industries from $310.00 to $365.00 and gave the stock a “buy” rating in a research report on Friday, November 21st. Finally, JPMorgan Chase & Co. raised their price objective on Dycom Industries from $275.00 to $370.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Two analysts have rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. According to data from MarketBeat.com, Dycom Industries currently has a consensus rating of “Buy” and an average price target of $376.67.

About Dycom Industries

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.