Dycom Industries (NYSE:DY) Downgraded to “Buy” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Dycom Industries (NYSE:DY) from a strong-buy rating to a buy rating in a research note published on Saturday morning.

Several other equities analysts have also recently issued reports on DY. KeyCorp raised their price target on Dycom Industries from $426.00 to $482.00 and gave the company an “overweight” rating in a report on Thursday. DA Davidson upped their target price on shares of Dycom Industries from $300.00 to $390.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Zacks Research lowered shares of Dycom Industries from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 17th. UBS Group set a $475.00 price target on shares of Dycom Industries and gave the stock a “buy” rating in a research report on Friday. Finally, Guggenheim initiated coverage on shares of Dycom Industries in a research note on Thursday, January 22nd. They set a “buy” rating and a $510.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Dycom Industries has an average rating of “Moderate Buy” and a consensus target price of $431.20.

Dycom Industries Trading Down 3.4%

DY opened at $357.34 on Friday. Dycom Industries has a 1-year low of $131.37 and a 1-year high of $445.52. The stock has a market capitalization of $10.35 billion, a PE ratio of 37.22, a PEG ratio of 1.17 and a beta of 1.34. The company has a current ratio of 2.74, a quick ratio of 2.90 and a debt-to-equity ratio of 1.51. The firm has a 50-day moving average price of $382.34 and a two-hundred day moving average price of $327.71.

Dycom Industries (NYSE:DY) last announced its quarterly earnings data on Wednesday, March 4th. The construction company reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.12. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.34 billion. Dycom Industries had a return on equity of 21.77% and a net margin of 5.07%.The business’s quarterly revenue was up 34.4% compared to the same quarter last year. During the same period last year, the company earned $1.17 EPS. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. As a group, equities analysts anticipate that Dycom Industries will post 7.13 earnings per share for the current fiscal year.

Insider Transactions at Dycom Industries

In other Dycom Industries news, Director Eitan Gertel sold 3,645 shares of the firm’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 transaction, the director owned 15,997 shares in the company, valued at approximately $5,528,883.14. This trade represents a 18.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.72% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Leuthold Group LLC bought a new position in Dycom Industries in the second quarter valued at approximately $3,762,000. Entropy Technologies LP increased its position in shares of Dycom Industries by 378.1% during the second quarter. Entropy Technologies LP now owns 7,826 shares of the construction company’s stock worth $1,913,000 after acquiring an additional 6,189 shares in the last quarter. Creative Planning increased its position 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 acquiring an additional 5,731 shares in the last quarter. 12th Street Asset Management Company LLC raised its holdings in shares of Dycom Industries by 48.9% during the third quarter. 12th Street Asset Management Company LLC now owns 67,238 shares of the construction company’s stock worth $19,617,000 after acquiring an additional 22,077 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Dycom Industries by 7.8% during the second quarter. JPMorgan Chase & Co. now owns 131,312 shares of the construction company’s stock worth $32,091,000 after acquiring an additional 9,531 shares during the period. Institutional investors own 98.33% of the company’s stock.

Key Stories Impacting Dycom Industries

Here are the key news stories impacting Dycom Industries this week:

• Positive Sentiment: Multiple broker upgrades and higher targets — B. Riley raised its target to $485 (buy), KeyCorp raised its target to $482 (overweight) and JPMorgan boosted its target to $415 (overweight), signaling analyst conviction in continued growth upside. Benzinga
• Positive Sentiment: Q4 results topped expectations: Dycom reported record contract revenue, adjusted earnings and adjusted EBITDA above consensus, and reiterated a strong growth outlook in the earnings call — fundamental beats underpin the bullish analyst moves. Earnings Call Summary
• Neutral Sentiment: Brokerage consensus remains constructive but measured — services aggregators show a “Moderate Buy” consensus, reflecting optimism tempered by valuation and execution risk. Consensus Article
• Neutral Sentiment: Earnings materials and presentation released for Q4 provide additional detail on backlog, margins and guidance — useful for investors evaluating revenue mix and margin cadence. Earnings Presentation
• Negative Sentiment: Market reaction: some outlets note the stock moved lower despite the beats — suggesting profit-taking and short-term investor concern about near-term valuation after a recent run-up. Zacks

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.