Dycom Industries (NYSE:DY) Upgraded at Zacks Research

Zacks Research upgraded shares of Dycom Industries (NYSE:DY) from a strong sell rating to a hold rating in a research report released on Monday,Zacks.com reports.

Several other research firms have also weighed in on DY. Weiss Ratings reiterated a “buy (b)” rating on shares of Dycom Industries in a report on Wednesday, January 21st. Bank of America boosted their price target on shares of Dycom Industries from $365.00 to $475.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. UBS Group set a $475.00 price target on shares of Dycom Industries and gave the company a “buy” rating in a research note on Friday, March 6th. Wall Street Zen downgraded shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th. Finally, KeyCorp boosted their price target on shares of Dycom Industries from $426.00 to $482.00 and gave the company an “overweight” rating in a research note on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $431.64.

Dycom Industries Stock Performance

NYSE:DY opened at $381.13 on Monday. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.74 and a quick ratio of 2.61. The firm has a market capitalization of $11.42 billion, a price-to-earnings ratio of 39.70, a PEG ratio of 0.81 and a beta of 1.38. The company’s 50-day moving average is $379.83 and its two-hundred day moving average is $343.03. Dycom Industries has a 1-year low of $139.79 and a 1-year high of $445.52.

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

Insiders Place Their Bets

In related news, Director Eitan Gertel sold 3,645 shares of the company’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 sale, the director directly owned 15,997 shares of the company’s stock, valued at $5,528,883.14. This represents a 18.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.72% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dycom Industries

A number of large investors have recently modified their holdings of DY. Root Financial Partners LLC purchased a new stake in shares of Dycom Industries in the 3rd quarter valued at approximately $26,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Dycom Industries in the 4th quarter valued at approximately $30,000. Optiver Holding B.V. increased its position in shares of Dycom Industries by 57.1% in 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 last quarter. Sound Income Strategies LLC purchased a new stake in shares of Dycom Industries in the 4th quarter valued at approximately $32,000. Finally, CI Investments Inc. increased its position in shares of Dycom Industries by 259.4% in the 3rd quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock valued at $34,000 after purchasing an additional 83 shares during the last quarter. 98.33% of the stock is owned by hedge funds and other institutional investors.

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.