Dycom Industries (NYSE:DY) Downgraded by Wall Street Zen to “Buy”

Dycom Industries (NYSE:DY) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.

A number of other analysts have also weighed in on the company. Vertical Research began coverage on Dycom Industries in a research note on Tuesday, December 23rd. They issued a “buy” rating and a $420.00 target price on the stock. DA Davidson raised their price target on shares of Dycom Industries from $300.00 to $390.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Guggenheim assumed 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. Wells Fargo & Company upped their target price on shares of Dycom Industries from $315.00 to $360.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Finally, Zacks Research downgraded shares of Dycom Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Dycom Industries has a consensus rating of “Buy” and an average target price of $395.20.

Dycom Industries Stock Performance

NYSE:DY opened at $401.00 on Friday. The firm has a market capitalization of $11.61 billion, a PE ratio of 39.47, a PEG ratio of 1.44 and a beta of 1.36. The stock’s fifty day moving average is $356.91 and its 200 day moving average is $307.22. Dycom Industries has a fifty-two week low of $131.37 and a fifty-two week high of $402.33. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.90 and a current ratio of 3.09.

Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Wednesday, November 19th. The construction company reported $3.63 EPS for the quarter, topping the consensus estimate of $3.15 by $0.48. Dycom Industries had a net margin of 5.75% and a return on equity of 22.21%. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same period in the previous year, the firm earned $2.68 earnings per share. Dycom Industries’s quarterly revenue was up 14.2% compared to the same quarter last year. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. On average, sell-side analysts anticipate that Dycom Industries will post 7.13 earnings per share for the current year.

Insider Activity at Dycom Industries

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

Hedge Funds Weigh In On Dycom Industries

Hedge funds have recently modified their holdings of the stock. 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 worth $69,000 after purchasing an additional 30 shares in the last quarter. First Bank & Trust lifted its position in shares of Dycom Industries by 1.6% in the fourth quarter. First Bank & Trust now owns 2,106 shares of the construction company’s stock worth $712,000 after buying an additional 33 shares during the last quarter. CWM LLC boosted its stake in shares of Dycom Industries by 1.9% during the 4th quarter. CWM LLC now owns 1,956 shares of the construction company’s stock worth $661,000 after acquiring an additional 36 shares in the last quarter. Archer Investment Corp increased its holdings in shares of Dycom Industries by 6.2% during the 2nd quarter. Archer Investment Corp now owns 690 shares of the construction company’s stock valued at $169,000 after acquiring an additional 40 shares during the last quarter. Finally, Optiver Holding B.V. increased 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 valued at $32,000 after acquiring an additional 40 shares during the last quarter. 98.33% of the stock is owned by institutional investors and hedge funds.

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.