Dycom Industries, Inc. (NYSE:DY) Receives $554.92 Consensus PT from Analysts

Dycom Industries, Inc. (NYSE:DY) has earned an average recommendation of “Buy” from the thirteen analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $554.9167.

DY has been the subject of a number of recent research reports. Guggenheim boosted their price objective on Dycom Industries from $575.00 to $620.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Wall Street Zen cut shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Cantor Fitzgerald lifted their price target on shares of Dycom Industries from $436.00 to $654.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Wells Fargo & Company upped their price target on shares of Dycom Industries from $500.00 to $650.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Finally, UBS Group reissued a “buy” rating on shares of Dycom Industries in a research note on Friday, July 24th.

Institutional Investors Weigh In On Dycom Industries

Institutional investors and hedge funds have recently bought and sold shares of the business. Kemnay Advisory Services Inc. bought a new position in shares of Dycom Industries during the 4th quarter valued at about $30,000. Sound Income Strategies LLC purchased a new stake in shares of Dycom Industries in the fourth quarter worth about $32,000. Acumen Wealth Advisors LLC purchased a new stake in shares of Dycom Industries in the fourth quarter worth about $35,000. Legacy Wealth Managment LLC ID bought a new position in Dycom Industries during the fourth quarter valued at approximately $39,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Dycom Industries by 73.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock valued at $39,000 after buying an additional 68 shares in the last quarter. 98.33% of the stock is owned by institutional investors.

Dycom Industries Trading Up 0.0%

Shares of Dycom Industries stock opened at $408.11 on Monday. The company’s fifty day simple moving average is $443.82 and its 200-day simple moving average is $413.16. The stock has a market capitalization of $12.26 billion, a PE ratio of 38.83, a P/E/G ratio of 0.72 and a beta of 1.54. Dycom Industries has a 1-year low of $233.00 and a 1-year high of $566.47. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.58 and a quick ratio of 2.46.

Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Wednesday, May 27th. The construction company reported $4.42 EPS for the quarter, topping the consensus estimate of $2.73 by $1.69. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.67 billion. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.Dycom Industries’s revenue was up 56.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.09 EPS. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. As a group, equities analysts anticipate that Dycom Industries will post 15.45 earnings per share for the current year.

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.