Dycom Industries, Inc. (NYSE:DY) Receives Average Recommendation of “Buy” from Analysts

Shares of Dycom Industries, Inc. (NYSE:DY) have been assigned an average recommendation of “Buy” from the thirteen brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $431.6364.

A number of equities analysts recently weighed in on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $436.00 target price on shares of Dycom Industries in a research note on Friday, March 27th. Guggenheim assumed coverage on shares of Dycom Industries in a research note on Thursday, January 22nd. They issued a “buy” rating and a $510.00 target price for the company. JPMorgan Chase & Co. upped their target price on shares of Dycom Industries from $395.00 to $415.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. UBS Group set a $475.00 target price on shares of Dycom Industries and gave the stock a “buy” rating in a research note on Friday, March 6th. Finally, B. Riley Financial increased their price objective on shares of Dycom Industries from $420.00 to $485.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th.

Institutional Trading of Dycom Industries

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sound Income Strategies LLC acquired a new stake in shares of Dycom Industries in the fourth quarter valued at about $32,000. Root Financial Partners LLC bought a new stake in shares of Dycom Industries during the 3rd quarter worth approximately $26,000. Kemnay Advisory Services Inc. bought a new stake in shares of Dycom Industries during the 4th quarter worth approximately $30,000. Acumen Wealth Advisors LLC bought a new stake in shares of Dycom Industries during the 4th quarter worth approximately $35,000. Finally, Optiver Holding B.V. grew its stake in shares of Dycom Industries by 57.1% in the third quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock valued at $32,000 after buying an additional 40 shares in the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries Price Performance

Shares of NYSE DY opened at $412.39 on Wednesday. The firm has a market cap of $12.38 billion, a PE ratio of 42.96, a PEG ratio of 0.96 and a beta of 1.46. The company has a current ratio of 2.74, a quick ratio of 2.61 and a debt-to-equity ratio of 1.51. Dycom Industries has a 1-year low of $190.89 and a 1-year high of $464.82. The company has a fifty day moving average price of $386.47 and a 200 day moving average price of $367.73.

Dycom Industries (NYSE:DY) last announced its earnings results on Wednesday, March 4th. The construction company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.12. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.34 billion. Dycom Industries had a net margin of 5.07% and a return on equity of 21.77%. The company’s revenue for the quarter was up 34.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.17 EPS. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. Research analysts predict that Dycom Industries will post 12.88 earnings per share for the current fiscal 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.