Dycom Industries, Inc. (NYSE:DY) Given Average Rating of “Buy” by Analysts

Dycom Industries, Inc. (NYSE:DY) has been given a consensus recommendation of “Buy” by the ten brokerages that are covering the firm, Marketbeat Ratings reports. Eight analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $371.25.

Several equities analysts have recently commented on the company. B. Riley increased their target price on Dycom Industries from $320.00 to $420.00 and gave the company a “buy” rating in a research note on Friday, November 21st. DA Davidson increased their price objective on shares of Dycom Industries from $300.00 to $390.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. KeyCorp boosted their target price on shares of Dycom Industries from $320.00 to $392.00 and gave the stock an “overweight” rating in a research report on Friday, November 21st. Wall Street Zen upgraded shares of Dycom Industries from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 23rd. Finally, JPMorgan Chase & Co. lifted their price target on Dycom Industries from $275.00 to $370.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th.

Dycom Industries Stock Up 1.0%

Shares of Dycom Industries stock opened at $344.48 on Friday. Dycom Industries has a 1-year low of $131.37 and a 1-year high of $366.65. The company has a market capitalization of $9.98 billion, a PE ratio of 33.91, a P/E/G ratio of 1.77 and a beta of 1.36. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.09 and a quick ratio of 2.90. The business has a 50-day moving average of $316.13 and a 200-day moving average of $279.15.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Wednesday, November 19th. The construction company reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.48. Dycom Industries had a return on equity of 22.21% and a net margin of 5.75%.The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the prior year, the business posted $2.68 earnings per share. Dycom Industries’s revenue for the quarter was up 14.2% on a year-over-year basis. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. As a group, equities analysts forecast that Dycom Industries will post 7.13 EPS for the current fiscal year.

Institutional Investors Weigh In On Dycom Industries

Several institutional investors and hedge funds have recently made changes to their positions in the company. Millennium Management LLC boosted its stake in Dycom Industries by 21.0% during the 3rd quarter. Millennium Management LLC now owns 1,324,938 shares of the construction company’s stock valued at $386,564,000 after purchasing an additional 229,579 shares during the period. Alyeska Investment Group L.P. acquired a new stake in shares of Dycom Industries in the third quarter valued at approximately $44,553,000. Bornite Capital Management LP bought a new stake in shares of Dycom Industries during the third quarter valued at approximately $43,764,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Dycom Industries during the second quarter worth approximately $34,671,000. Finally, Cartenna Capital LP bought a new position in Dycom Industries in the 3rd quarter worth approximately $40,846,000. 98.33% of the stock is owned by institutional investors and hedge funds.

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.