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

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

A number of other research firms have also recently issued reports on DY. Cantor Fitzgerald raised their price target on shares of Dycom Industries from $436.00 to $654.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. Weiss Ratings raised shares of Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, July 6th. Guggenheim upped their target price on Dycom Industries from $575.00 to $620.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. UBS Group restated a “buy” rating on shares of Dycom Industries in a research note on Friday. Finally, Zacks Research raised Dycom Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. Two investment analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. According to MarketBeat.com, Dycom Industries has an average rating of “Buy” and an average price target of $554.92.

Dycom Industries Price Performance

Shares of DY stock opened at $430.58 on Friday. Dycom Industries has a fifty-two week low of $233.00 and a fifty-two week high of $566.47. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.46 and a current ratio of 2.58. The firm has a market capitalization of $12.93 billion, a price-to-earnings ratio of 40.97, a PEG ratio of 0.78 and a beta of 1.50. The stock’s 50-day simple moving average is $452.12 and its 200-day simple moving average is $409.13.

Dycom Industries (NYSE:DY) last announced its quarterly earnings data on Wednesday, May 27th. The construction company reported $4.42 EPS for the quarter, beating the consensus estimate of $2.73 by $1.69. The firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.67 billion. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. Dycom Industries’s revenue was up 56.1% on a year-over-year basis. During the same period last year, the firm posted $2.09 EPS. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. As a group, equities analysts forecast that Dycom Industries will post 15.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Dycom Industries

A number of institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Dycom Industries by 265,593,055.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 23,903,384 shares of the construction company’s stock valued at $8,076,953,000 after buying an additional 23,903,375 shares during the period. First Trust Advisors LP grew its holdings in Dycom Industries by 27.8% during the first quarter. First Trust Advisors LP now owns 798,699 shares of the construction company’s stock worth $270,615,000 after acquiring an additional 173,528 shares during the period. Alyeska Investment Group L.P. acquired a new stake in Dycom Industries during the third quarter worth about $44,553,000. Price T Rowe Associates Inc. MD raised its position in Dycom Industries by 24.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 558,519 shares of the construction company’s stock valued at $188,725,000 after acquiring an additional 110,065 shares in the last quarter. Finally, Peconic Partners LLC raised its position in Dycom Industries by 2.8% during the second quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock valued at $933,038,000 after acquiring an additional 105,586 shares in the last quarter. Hedge funds and other institutional investors 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.