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Retirement Systems of Alabama Buys Shares of 34,749 Dycom Industries, Inc. $DY
Retirement Systems of Alabama recently acquired 34,749 shares of Dycom Industries (NYSE:DY) in the fourth quarter, an investment valued at approximately $11.74 million. This purchase grants them about 0.12% ownership in the construction company specializing in telecommunications infrastructure. Dycom Industries reported strong Q4 results, surpassing analyst expectations for both earnings per share and revenue, and analysts generally maintain a “Moderate Buy” rating for the stock with a consensus price target of $431.64.