Dycom Industries (NYSE:DY) Stock Rating Upgraded by Wall Street Zen

Dycom Industries (NYSE:DY) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Sunday.

Several other brokerages also recently commented on DY. B. Riley Financial raised their price target on shares of Dycom Industries from $320.00 to $420.00 and gave the company a “buy” rating in a report on Friday, November 21st. UBS Group lifted their price objective on Dycom Industries from $373.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Zacks Research lowered Dycom Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Wells Fargo & Company raised their price target on Dycom Industries from $315.00 to $360.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. Finally, DA Davidson boosted their price objective on Dycom Industries from $300.00 to $390.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $395.20.

Dycom Industries Stock Up 2.4%

DY stock opened at $427.35 on Friday. The stock has a 50-day simple moving average of $365.22 and a two-hundred day simple moving average of $314.48. Dycom Industries has a twelve month low of $131.37 and a twelve month high of $445.52. The firm has a market capitalization of $12.38 billion, a PE ratio of 42.06, a PEG ratio of 1.88 and a beta of 1.36. The company has a quick ratio of 2.90, a current ratio of 3.09 and a debt-to-equity ratio of 0.62.

Dycom Industries (NYSE:DY) last announced its quarterly earnings results on Wednesday, November 19th. The construction company reported $3.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.48. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.41 billion. Dycom Industries had a net margin of 5.75% and a return on equity of 22.21%. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.68 earnings per share. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. On average, equities analysts predict that Dycom Industries will post 7.13 EPS for the current fiscal year.

Insider Buying and Selling at Dycom Industries

In related news, Director Eitan Gertel sold 3,645 shares of the firm’s stock in a transaction dated 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 transaction, the director directly owned 15,997 shares of the company’s stock, valued at approximately $5,528,883.14. This trade represents a 18.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.72% of the company’s stock.

Institutional Investors Weigh In On Dycom Industries

Several institutional investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp increased 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 worth $331,000 after purchasing an additional 2,128 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Dycom Industries by 7.7% in 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 purchasing an additional 4,985 shares during the last quarter. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Dycom Industries in the second quarter worth $435,000. CWM LLC increased its stake in shares of Dycom Industries by 99.0% in the second quarter. CWM LLC now owns 1,562 shares of the construction company’s stock worth $382,000 after buying an additional 777 shares during the period. Finally, Nordea Investment Management AB raised its holdings in Dycom Industries by 5.7% during the 2nd quarter. Nordea Investment Management AB now owns 7,155 shares of the construction company’s stock valued at $1,747,000 after buying an additional 384 shares during the last quarter. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

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.