FY2027 EPS Estimates for Dycom Industries, Inc. Lifted by Analyst (NYSE:DY)

Dycom Industries, Inc. (NYSE:DY) – Analysts at Zacks Research increased their FY2027 earnings per share estimates for shares of Dycom Industries in a report released on Wednesday, September 11th. Zacks Research analyst A. Gupta now anticipates that the construction company will earn $9.95 per share for the year, up from their previous estimate of $9.06. The consensus estimate for Dycom Industries’ current full-year earnings is $8.02 per share.

Other equities analysts also recently issued reports about the company. KeyCorp lifted their target price on Dycom Industries from $195.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. UBS Group boosted their price objective on Dycom Industries from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. StockNews.com downgraded Dycom Industries from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Raymond James raised their target price on Dycom Industries from $143.00 to $195.00 and gave the company a “strong-buy” rating in a research note on Thursday, May 23rd. Finally, Wells Fargo & Company upped their price target on shares of Dycom Industries from $185.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Dycom Industries presently has an average rating of “Buy” and a consensus target price of $199.57.

Dycom Industries Price Performance

Shares of NYSE:DY opened at $184.21 on Friday. The company has a market cap of $5.36 billion, a PE ratio of 23.74, a P/E/G ratio of 1.96 and a beta of 1.41. Dycom Industries has a fifty-two week low of $78.42 and a fifty-two week high of $196.34. The firm has a 50-day simple moving average of $177.87 and a 200 day simple moving average of $160.90. The company has a quick ratio of 3.25, a current ratio of 3.44 and a debt-to-equity ratio of 0.81.

Dycom Industries (NYSE:DY) last released its earnings results on Wednesday, August 21st. The construction company reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.20. Dycom Industries had a net margin of 5.37% and a return on equity of 22.28%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the firm earned $2.03 earnings per share. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year.

Insiders Place Their Bets

In other news, VP Jason T. Lawson sold 856 shares of the stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $174.48, for a total value of $149,354.88. Following the completion of the transaction, the vice president now owns 6,937 shares of the company’s stock, valued at $1,210,367.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 4.28% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC bought a new stake in shares of Dycom Industries in the 1st quarter worth $28,000. GAMMA Investing LLC boosted its stake in Dycom Industries by 107.8% in the 2nd quarter. GAMMA Investing LLC now owns 293 shares of the construction company’s stock worth $49,000 after purchasing an additional 152 shares during the period. SJS Investment Consulting Inc. grew its holdings in shares of Dycom Industries by 5,071.4% during the second quarter. SJS Investment Consulting Inc. now owns 362 shares of the construction company’s stock valued at $61,000 after buying an additional 355 shares in the last quarter. Signaturefd LLC grew its stake in Dycom Industries by 196.7% during the 2nd quarter. Signaturefd LLC now owns 359 shares of the construction company’s stock valued at $61,000 after acquiring an additional 238 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in Dycom Industries during the first quarter valued at approximately $72,000. 98.33% of the stock is currently owned by institutional investors.

About Dycom Industries

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.