Dycom Industries (NYSE:DY) Upgraded at Wall Street Zen

Dycom Industries (NYSE:DY) was upgraded by research 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 recently issued reports on DY. JPMorgan Chase & Co. increased their price objective on Dycom Industries from $370.00 to $395.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. Vertical Research began coverage on Dycom Industries in a research report on Tuesday, December 23rd. They set a “buy” rating and a $420.00 price target on the stock. Zacks Research lowered shares of Dycom Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Guggenheim initiated coverage on shares of Dycom Industries in a report on Thursday, January 22nd. They set a “buy” rating and a $510.00 price target for the company. Finally, UBS Group raised their target price on shares of Dycom Industries from $373.00 to $400.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $395.20.

Dycom Industries Trading Up 2.4%

Shares of DY stock opened at $427.35 on Friday. The company has a quick ratio of 2.90, a current ratio of 3.09 and a debt-to-equity ratio of 0.62. The company has a 50 day moving average of $363.65 and a 200-day moving average of $313.05. Dycom Industries has a 12-month low of $131.37 and a 12-month high of $445.52. The firm has a market cap of $12.38 billion, a P/E ratio of 42.06, a PEG ratio of 1.88 and a beta of 1.36.

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, beating the consensus estimate of $3.15 by $0.48. The firm had revenue of $1.45 billion for 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 was up 14.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.68 earnings per share. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. Sell-side analysts anticipate that Dycom Industries will post 7.13 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Eitan Gertel sold 3,645 shares of Dycom Industries stock in a transaction on Friday, January 9th. The stock was sold at an average price of $345.62, for a total transaction of $1,259,784.90. Following the transaction, the director directly owned 15,997 shares in the company, valued at approximately $5,528,883.14. The trade was a 18.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.72% of the company’s stock.

Hedge Funds Weigh In On Dycom Industries

Several institutional investors have recently added to or reduced their stakes in DY. EverSource Wealth Advisors LLC increased its stake in Dycom Industries by 17.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the construction company’s stock worth $69,000 after acquiring an additional 30 shares during the last quarter. First Bank & Trust grew its stake in Dycom Industries by 1.6% in the fourth quarter. First Bank & Trust now owns 2,106 shares of the construction company’s stock valued at $712,000 after purchasing an additional 33 shares during the last quarter. CWM LLC increased its position in shares of Dycom Industries by 1.9% during the fourth quarter. CWM LLC now owns 1,956 shares of the construction company’s stock worth $661,000 after purchasing an additional 36 shares in the last quarter. Archer Investment Corp grew its position in Dycom Industries by 6.2% during the 2nd quarter. Archer Investment Corp now owns 690 shares of the construction company’s stock worth $169,000 after purchasing an additional 40 shares during the last quarter. Finally, Optiver Holding B.V. increased its holdings 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 purchasing an additional 40 shares during the period. Hedge funds and other institutional investors 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.