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

Dycom Industries, Inc. (NYSE:DY) has been assigned an average rating of “Buy” from the twelve ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $395.20.

Several brokerages recently commented on DY. Guggenheim began coverage on shares of Dycom Industries in a research report on Thursday, January 22nd. They issued a “buy” rating and a $510.00 price objective for the company. Wall Street Zen downgraded shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Vertical Research started coverage on Dycom Industries in a research report on Tuesday, December 23rd. They issued a “buy” rating and a $420.00 target price on the stock. JPMorgan Chase & Co. lifted their price target on Dycom Industries from $370.00 to $395.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. Finally, UBS Group increased their price objective on Dycom Industries from $373.00 to $400.00 and gave the company a “buy” rating in a report on Monday, January 12th.

Dycom Industries Price Performance

Shares of DY opened at $401.00 on Monday. The company has a 50 day moving average of $356.91 and a two-hundred day moving average of $307.93. The company has a quick ratio of 2.90, a current ratio of 3.09 and a debt-to-equity ratio of 0.62. Dycom Industries has a twelve month low of $131.37 and a twelve month high of $402.33. The company has a market cap of $11.61 billion, a price-to-earnings ratio of 39.47, a price-to-earnings-growth ratio of 1.76 and a beta of 1.36.

Dycom Industries (NYSE:DY) last issued its quarterly earnings data on Wednesday, November 19th. The construction company reported $3.63 EPS for the quarter, beating the consensus estimate of $3.15 by $0.48. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.41 billion. Dycom Industries had a return on equity of 22.21% and a net margin of 5.75%.The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.68 EPS. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. As a group, analysts predict 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 that occurred on Friday, January 9th. The shares were sold at an average price of $345.62, for a total transaction of $1,259,784.90. Following the completion of the transaction, the director directly owned 15,997 shares of the company’s stock, valued at approximately $5,528,883.14. This trade represents a 18.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 3.72% of the company’s stock.

Institutional Trading of Dycom Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in DY. EverSource Wealth Advisors LLC boosted its holdings in Dycom Industries by 17.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the construction company’s stock valued at $69,000 after purchasing an additional 30 shares during the last quarter. First Bank & Trust lifted its holdings in shares of Dycom Industries by 1.6% in the 4th quarter. First Bank & Trust now owns 2,106 shares of the construction company’s stock valued at $712,000 after buying an additional 33 shares during the period. CWM LLC boosted its stake in shares of Dycom Industries by 1.9% in the fourth quarter. CWM LLC now owns 1,956 shares of the construction company’s stock worth $661,000 after buying an additional 36 shares during the last quarter. Archer Investment Corp grew 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 worth $169,000 after acquiring an additional 40 shares during the period. Finally, Optiver Holding B.V. raised its position in Dycom Industries by 57.1% during the third quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock valued at $32,000 after acquiring an additional 40 shares in the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.

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.