Dycom Industries (NYSE:DY) Upgraded by Wall Street Zen to Strong-Buy Rating

Dycom Industries (NYSE:DY) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Sunday.

A number of other analysts have also commented on DY. UBS Group lifted their target price on Dycom Industries from $336.00 to $373.00 and gave the stock a “buy” rating in a report on Thursday. Bank of America lifted their price objective on Dycom Industries from $310.00 to $365.00 and gave the stock a “buy” rating in a report on Friday. JPMorgan Chase & Co. raised their price target on shares of Dycom Industries from $275.00 to $370.00 and gave the company an “overweight” rating in a report on Thursday. Wells Fargo & Company increased their price objective on shares of Dycom Industries from $315.00 to $360.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Dycom Industries in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company’s stock. According to MarketBeat.com, Dycom Industries presently has a consensus rating of “Buy” and a consensus target price of $371.25.

Dycom Industries Price Performance

DY opened at $326.69 on Friday. The firm has a market cap of $9.46 billion, a PE ratio of 36.71, a P/E/G ratio of 1.38 and a beta of 1.23. The stock has a 50-day moving average price of $288.11 and a 200-day moving average price of $259.38. Dycom Industries has a 1 year low of $131.37 and a 1 year high of $350.87. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.16 and a quick ratio of 2.96.

Dycom Industries (NYSE:DY) last issued its earnings results on Wednesday, November 19th. The construction company reported $3.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.48. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Dycom Industries had a net margin of 5.23% and a return on equity of 21.17%. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.68 earnings per share. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. FY 2026 guidance at EPS. Sell-side analysts predict that Dycom Industries will post 7.13 earnings per share for the current fiscal year.

Institutional Trading of Dycom Industries

Several institutional investors and hedge funds have recently modified their holdings of DY. Archer Investment Corp raised its holdings in Dycom Industries by 6.2% during the second quarter. Archer Investment Corp now owns 690 shares of the construction company’s stock valued at $169,000 after acquiring an additional 40 shares during the period. Optiver Holding B.V. lifted its holdings in Dycom Industries by 57.1% in the 3rd quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock worth $32,000 after purchasing an additional 40 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Dycom Industries by 1.0% in the 2nd quarter. Quadrant Capital Group LLC now owns 4,492 shares of the construction company’s stock worth $1,098,000 after purchasing an additional 46 shares during the period. UMB Bank n.a. raised its position in shares of Dycom Industries by 57.3% during the third quarter. UMB Bank n.a. now owns 129 shares of the construction company’s stock valued at $38,000 after buying an additional 47 shares during the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of Dycom Industries by 48.5% in the third quarter. Bessemer Group Inc. now owns 150 shares of the construction company’s stock worth $43,000 after buying an additional 49 shares in the last quarter. 98.33% of the stock is currently owned by institutional investors.

Dycom Industries Company Profile

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.