Dycom Industries, Inc. (NYSE:DY) Given Consensus Rating of “Buy” by Brokerages

Dycom Industries, Inc. (NYSE:DY) has been assigned a consensus recommendation of “Buy” from the thirteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Eleven research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $554.9167.

DY has been the subject of several recent analyst reports. Guggenheim raised their target price on shares of Dycom Industries from $575.00 to $620.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Wells Fargo & Company raised their target price on shares of Dycom Industries from $500.00 to $650.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Zacks Research upgraded shares of Dycom Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 8th. Wedbush set a $654.00 target price on shares of Dycom Industries in a research note on Friday, May 29th. Finally, KeyCorp raised their target price on shares of Dycom Industries from $482.00 to $610.00 and gave the company an “overweight” rating in a research note on Monday, June 1st.

Dycom Industries Price Performance

Shares of NYSE DY opened at $469.52 on Friday. The stock has a market capitalization of $14.10 billion, a price-to-earnings ratio of 44.67, a PEG ratio of 0.88 and a beta of 1.49. The business has a 50-day moving average of $427.64 and a 200-day moving average of $388.51. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.58 and a quick ratio of 2.46. Dycom Industries has a fifty-two week low of $229.97 and a fifty-two week high of $566.47.

Dycom Industries (NYSE:DY) last issued its earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.73 by $1.69. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period last year, the business posted $2.09 EPS. Dycom Industries’s revenue was up 56.1% on a year-over-year basis. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. As a group, sell-side analysts predict that Dycom Industries will post 14.54 earnings per share for the current fiscal year.

Institutional Trading of Dycom Industries

A number of hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp grew its stake in Dycom Industries by 4,626.1% in the 1st quarter. Jones Financial Companies Lllp now owns 2,174 shares of the construction company’s stock valued at $331,000 after buying an additional 2,128 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Dycom Industries by 7.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 69,726 shares of the construction company’s stock worth $10,622,000 after acquiring an additional 4,985 shares during the last quarter. Invesco Ltd. lifted its position in Dycom Industries by 7.0% during the second quarter. Invesco Ltd. now owns 227,127 shares of the construction company’s stock worth $55,508,000 after acquiring an additional 14,891 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Dycom Industries by 73.1% during the second quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock worth $39,000 after acquiring an additional 68 shares during the last quarter. Finally, Cerity Partners LLC lifted its position in Dycom Industries by 8.9% during the second quarter. Cerity Partners LLC now owns 2,239 shares of the construction company’s stock worth $547,000 after acquiring an additional 183 shares during the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.

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.