Dycom Industries, Inc. (NYSE:DY) Receives Average Rating of “Moderate Buy” from Brokerages

Dycom Industries, Inc. (NYSE:DY) has earned an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $431.6364.

DY has been the subject of a number of research analyst reports. UBS Group set a $475.00 price target on Dycom Industries and gave the stock a “buy” rating in a report on Friday, March 6th. Zacks Research cut Dycom Industries from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Dycom Industries in a research note on Wednesday, January 21st. Wall Street Zen cut shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 7th. Finally, JPMorgan Chase & Co. raised their price target 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.

Insider Buying and Selling

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 value of $1,259,784.90. Following the sale, the director owned 15,997 shares in the company, valued at $5,528,883.14. This trade represents a 18.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 3.72% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Sound Income Strategies LLC acquired a new stake in shares of Dycom Industries in the fourth quarter valued at about $32,000. Root Financial Partners LLC acquired a new position in shares of Dycom Industries in the third quarter worth approximately $26,000. Kemnay Advisory Services Inc. bought a new stake in Dycom Industries in the fourth quarter valued at approximately $30,000. Acumen Wealth Advisors LLC bought a new stake in Dycom Industries in the fourth quarter valued at approximately $35,000. Finally, Optiver Holding B.V. increased its position in Dycom Industries by 57.1% during the 3rd 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. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Dycom Industries Stock Performance

NYSE DY opened at $325.05 on Tuesday. The firm’s 50 day simple moving average is $382.51 and its 200 day simple moving average is $339.11. The firm has a market capitalization of $9.74 billion, a price-to-earnings ratio of 33.86, a P/E/G ratio of 0.79 and a beta of 1.34. The company has a current ratio of 2.74, a quick ratio of 2.61 and a debt-to-equity ratio of 1.51. Dycom Industries has a 1 year low of $131.37 and a 1 year high of $445.52.

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

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.