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

Dycom Industries, Inc. (NYSE:DY) has earned a consensus rating of “Buy” from the twelve brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $395.20.

Several research analysts have issued reports on DY shares. UBS Group upped their price target on Dycom Industries from $373.00 to $400.00 and gave the company a “buy” rating in a report on Monday, January 12th. JPMorgan Chase & Co. lifted their target price on Dycom Industries from $370.00 to $395.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. Wall Street Zen downgraded Dycom Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. KeyCorp reiterated an “overweight” rating on shares of Dycom Industries in a research report on Tuesday, January 27th. Finally, Zacks Research downgraded Dycom Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, January 19th.

Dycom Industries Price Performance

NYSE:DY opened at $427.35 on Monday. The company has a quick ratio of 2.90, a current ratio of 3.09 and a debt-to-equity ratio of 0.62. The business’s 50-day moving average price is $363.65 and its 200 day moving average price is $312.74. Dycom Industries has a 52-week low of $131.37 and a 52-week high of $445.52. The firm has a market cap of $12.38 billion, a P/E ratio of 42.06, a PEG ratio of 1.83 and a beta of 1.36.

Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Wednesday, November 19th. The construction company reported $3.63 earnings per share for the quarter, beating 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 quarter last year, the firm posted $2.68 EPS. The business’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. As a group, sell-side analysts predict that Dycom Industries will post 7.13 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Eitan Gertel sold 3,645 shares of the company’s stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $345.62, for a total value of $1,259,784.90. Following the completion of the sale, the director owned 15,997 shares in the company, valued at approximately $5,528,883.14. This represents a 18.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.72% of the stock is owned by corporate insiders.

Institutional Trading of Dycom Industries

Several large investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of Dycom Industries by 265,593,055.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 23,903,384 shares of the construction company’s stock worth $8,076,953,000 after buying an additional 23,903,375 shares during the period. Peconic Partners LLC lifted its stake in Dycom Industries by 2.8% in the 2nd quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock worth $933,038,000 after acquiring an additional 105,586 shares in the last quarter. Millennium Management LLC boosted its position in Dycom Industries by 21.0% during the 3rd quarter. Millennium Management LLC now owns 1,324,938 shares of the construction company’s stock worth $386,564,000 after acquiring an additional 229,579 shares during the period. Geode Capital Management LLC grew its stake in Dycom Industries by 8.0% during the 4th quarter. Geode Capital Management LLC now owns 727,238 shares of the construction company’s stock valued at $245,771,000 after acquiring an additional 53,993 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Dycom Industries by 3.4% in the 4th quarter. First Trust Advisors LP now owns 625,171 shares of the construction company’s stock valued at $211,245,000 after purchasing an additional 20,306 shares during the period. 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.