Dycom Industries, Inc. (NYSE:DY) Stock Has Average Price Target of $502.92 According to Analysts

Shares of Dycom Industries, Inc. (NYSE:DY) have received a consensus rating of “Moderate Buy” from the twelve ratings firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $502.92.

Several equities research analysts have issued reports on DY shares. Guggenheim restated a “buy” rating and set a $620.00 price objective on shares of Dycom Industries in a report on Thursday, September 17th. KeyCorp upped their target price on Dycom Industries from $423.00 to $429.00 and gave the company an “overweight” rating in a research report on Monday, September 21st. Zacks Research cut Dycom Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Weiss Ratings downgraded shares of Dycom Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, September 18th. Finally, Wall Street Zen raised shares of Dycom Industries from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th.

Insider Buying and Selling at Dycom Industries

In other news, Director David Fallon acquired 700 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was purchased at an average cost of $286.92 per share, with a total value of $200,844.00. Following the completion of the acquisition, the director directly owned 1,043 shares in the company, valued at $299,257.56. This represents a 204.08% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Carmen M. Sabater acquired 350 shares of the business’s stock in a transaction on Wednesday, September 23rd. The shares were purchased at an average price of $280.62 per share, for a total transaction of $98,217.00. Following the purchase, the director directly owned 7,154 shares of the company’s stock, valued at $2,007,555.48. This represents a 5.14% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.22% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Whitener Capital Management Inc. grew its position in shares of Dycom Industries by 57.9% in the 3rd quarter. Whitener Capital Management Inc. now owns 1,839 shares of the construction company’s stock worth $495,000 after acquiring an additional 674 shares in the last quarter. Essex LLC bought a new stake in shares of Dycom Industries in the 3rd quarter valued at approximately $2,604,000. Heffernan Advisory Inc. raised its position in shares of Dycom Industries by 74.3% during the 3rd quarter. Heffernan Advisory Inc. now owns 1,220 shares of the construction company’s stock valued at $328,000 after acquiring an additional 520 shares in the last quarter. Avior Wealth Management LLC raised its position in shares of Dycom Industries by 25.0% during the 3rd quarter. Avior Wealth Management LLC now owns 821 shares of the construction company’s stock valued at $221,000 after acquiring an additional 164 shares in the last quarter. Finally, Venture Visionary Partners LLC acquired a new stake in shares of Dycom Industries during the 3rd quarter valued at approximately $838,000. Institutional investors own 98.33% of the company’s stock.

Dycom Industries Trading Down 1.5%

NYSE:DY opened at $253.86 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.24 and a current ratio of 2.35. Dycom Industries has a one year low of $250.13 and a one year high of $566.47. The business’s 50-day simple moving average is $311.83 and its 200 day simple moving average is $387.83. The stock has a market cap of $7.66 billion, a price-to-earnings ratio of 23.10, a price-to-earnings-growth ratio of 0.44 and a beta of 1.50.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Wednesday, August 26th. The construction company reported $5.29 EPS for the quarter, beating analysts’ consensus estimates of $4.72 by $0.57. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.98 billion. Dycom Industries had a return on equity of 25.30% and a net margin of 4.79%. Dycom Industries’s revenue for the quarter was up 45.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.33 earnings per share. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. As a group, sell-side analysts predict that Dycom Industries will post 16.06 earnings per share for the current fiscal year.

Dycom Industries announced that its board has initiated a stock repurchase plan on Wednesday, August 26th that authorizes the company to buy back $150.00 million in shares. This repurchase authorization authorizes the construction company to purchase up to 1.4% of its shares through open market purchases. Share repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Dycom Industries Company Profile

Dycom Industries, Inc is a provider of specialty contracting services for the telecommunications and utility industries. Through its operating subsidiaries, the company designs, builds, installs, maintains and repairs infrastructure used by telecommunications providers, utilities and government agencies.

Its services include engineering and project management, aerial and underground construction, fiber-optic and broadband network deployment, wireless infrastructure installation, network maintenance, fulfillment services and emergency restoration.