Cantor Fitzgerald Initiates Coverage on Dycom Industries (NYSE:DY)

Equities research analysts at Cantor Fitzgerald initiated coverage on shares of Dycom Industries (NYSE:DY) in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. The firm set an “overweight” rating and a $436.00 price target on the construction company’s stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 18.87% from the company’s current price.

Other analysts also recently issued reports about the stock. Guggenheim initiated coverage on shares of Dycom Industries in a research report on Thursday, January 22nd. They set a “buy” rating and a $510.00 price target on the stock. JPMorgan Chase & Co. raised their price objective on shares of Dycom Industries from $395.00 to $415.00 and gave the company an “overweight” rating in a research note on Thursday, March 5th. Vertical Research began coverage on Dycom Industries in a report on Tuesday, December 23rd. They set a “buy” rating and a $420.00 target price on the stock. Zacks Research downgraded Dycom Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th. Finally, DA Davidson increased their price target on Dycom Industries from $300.00 to $390.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $431.64.

Dycom Industries Stock Up 1.1%

Shares of Dycom Industries stock opened at $366.80 on Tuesday. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.74 and a quick ratio of 2.61. Dycom Industries has a 1-year low of $131.37 and a 1-year high of $445.52. The business’s fifty day moving average price is $383.65 and its two-hundred day moving average price is $329.89. The company has a market capitalization of $10.62 billion, a P/E ratio of 38.21, a PEG ratio of 1.20 and a beta of 1.34.

Dycom Industries (NYSE:DY) last released its quarterly earnings results on Wednesday, March 4th. The construction company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.12. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Dycom Industries had a return on equity of 21.77% and a net margin of 5.07%.The company’s revenue for the quarter was up 34.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.17 earnings per share. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. As a group, research analysts forecast that Dycom Industries will post 7.13 EPS for the current year.

Insider Activity

In other Dycom Industries news, Director Eitan Gertel sold 3,645 shares of the stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $345.62, for a total value of $1,259,784.90. Following the completion of the sale, the director owned 15,997 shares in the company, valued at $5,528,883.14. This represents a 18.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.72% of the stock is owned by company insiders.

Institutional Trading of Dycom Industries

A number of institutional investors have recently added to or reduced their stakes in DY. Sound Income Strategies LLC bought a new stake in Dycom Industries during the fourth quarter worth approximately $32,000. Root Financial Partners LLC bought a new position in shares of Dycom Industries in the third quarter valued at approximately $26,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Dycom Industries in the fourth quarter worth $30,000. Acumen Wealth Advisors LLC bought a new stake in shares of Dycom Industries during the 4th quarter worth $35,000. Finally, Optiver Holding B.V. boosted its holdings in shares of Dycom Industries by 57.1% during the 3rd quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock worth $32,000 after buying an additional 40 shares during the period. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Dycom Industries Company Profile

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.