Dycom Industries, Inc. (NYSE:DY) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Dycom Industries, Inc. (NYSE:DY) have earned a consensus rating of “Buy” from the twelve analysts that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $395.20.

A number of research firms recently weighed in on DY. Zacks Research cut Dycom Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th. Wells Fargo & Company increased their target price on Dycom Industries from $315.00 to $360.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. UBS Group lifted their price target on shares of Dycom Industries from $373.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, January 12th. KeyCorp restated an “overweight” rating on shares of Dycom Industries in a research report on Tuesday, January 27th. Finally, Bank of America lifted their target price on shares of Dycom Industries from $310.00 to $365.00 and gave the company a “buy” rating in a research report on Friday, November 21st.

Insider Transactions at Dycom Industries

In other Dycom Industries news, Director Eitan Gertel sold 3,645 shares of the business’s stock in a transaction that occurred 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 completion of the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.72% of the company’s stock.

Institutional Trading of Dycom Industries

A number of institutional investors have recently made changes to their positions in DY. Root Financial Partners LLC purchased a new stake in shares of Dycom Industries during the third quarter worth approximately $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Dycom Industries during the 2nd quarter worth $32,000. Optiver Holding B.V. grew its holdings in shares of Dycom Industries by 57.1% during the third quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock worth $32,000 after buying an additional 40 shares in the last quarter. Sound Income Strategies LLC acquired a new stake in shares of Dycom Industries in the fourth quarter valued at about $32,000. Finally, CI Investments Inc. lifted its stake in shares of Dycom Industries by 259.4% in the third quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock worth $34,000 after buying an additional 83 shares in the last quarter. 98.33% of the stock is owned by institutional investors and hedge funds.

Dycom Industries Stock Performance

Shares of NYSE DY opened at $401.00 on Monday. The company has a market capitalization of $11.61 billion, a PE ratio of 39.47, a price-to-earnings-growth ratio of 1.76 and a beta of 1.36. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.90 and a current ratio of 3.09. The company’s fifty day moving average price is $356.91 and its 200 day moving average price is $307.93. Dycom Industries has a 1 year low of $131.37 and a 1 year high of $402.33.

Dycom Industries (NYSE:DY) last released its quarterly earnings data on Wednesday, November 19th. The construction company reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.41 billion. During the same quarter in the previous year, the company earned $2.68 earnings per share. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. On average, research analysts predict that Dycom Industries will post 7.13 earnings per share for the current year.

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.