Dycom Industries (NYSE:DY) Trading Down 5.1% – What’s Next?

Shares of Dycom Industries, Inc. (NYSE:DY) were down 5.1% on Wednesday . The company traded as low as $382.79 and last traded at $382.91. Approximately 316,825 shares changed hands during mid-day trading, a decline of 13% from the average daily volume of 364,197 shares. The stock had previously closed at $403.49.

Key Dycom Industries News

Here are the key news stories impacting Dycom Industries this week:

• Positive Sentiment: Q4 beat on both top and bottom lines — EPS $2.03 and revenue $1.46B, beating analyst expectations and showing strong year-over-year growth. Dycom Industries (DY) Q4 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Record backlog and strategic execution — company reported a record ~$9.54B backlog, strong free cash flow and completed the Power Solutions acquisition to accelerate entry into the high-growth data-center market. Dycom Industries, Inc. Reports Fiscal 2026 Fourth Quarter and Annual Results and Provides Fiscal 2027 Outlook
• Positive Sentiment: Data-center demand cited as a growing end-market opportunity that could drive higher-margin work going forward. Dycom Stock Gains. Data Center Demand Is ‘Off the Charts.’
• Neutral Sentiment: Guidance is mixed — Q1 FY2027 EPS guide of $2.57–2.90 (consensus ~2.67) and FY2027 revenue guide $6.9B–$7.2B (roughly in line with consensus) leaves room for interpretation: midpoint implies modest upside but the low end is below expectations. View Press Release
• Neutral Sentiment: BEAD program and broadband-related ramps present sizable addressable markets but timing and margin mix remain execution-sensitive. Dycom Industries earnings loom with BEAD program ramp in view
• Negative Sentiment: Market reaction: shares fell despite the beat — likely a combination of guidance nuance (range vs. consensus), high valuation (PE ~38x) and profit-taking after recent gains, leading investors to trim positions. Dycom Industries (DY) Stock Drops Despite Record Backlog and 34% Q4 Revenue Surge

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. DA Davidson increased their price target on Dycom Industries from $300.00 to $390.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Bank of America upped their price objective on Dycom Industries from $365.00 to $475.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Guggenheim began coverage on Dycom Industries in a report on Thursday, January 22nd. They issued a “buy” rating and a $510.00 price target for the company. UBS Group increased their price target on shares of Dycom Industries from $373.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Dycom Industries from $370.00 to $395.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $406.20.

Dycom Industries Stock Performance

The company has a current ratio of 3.09, a quick ratio of 2.90 and a debt-to-equity ratio of 0.62. The stock has a market cap of $11.02 billion, a price-to-earnings ratio of 37.47, a PEG ratio of 1.38 and a beta of 1.34. The stock’s 50 day moving average is $380.94 and its two-hundred day moving average is $325.99.

Dycom Industries (NYSE:DY) last announced its earnings results on Wednesday, March 4th. The construction company reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.37. Dycom Industries had a net margin of 5.75% and a return on equity of 22.21%. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the firm earned $1.17 earnings per share. The business’s quarterly revenue was up 34.4% compared to the same quarter last year. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. Analysts anticipate that Dycom Industries, Inc. will post 7.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Eitan Gertel sold 3,645 shares of the firm’s stock in a transaction 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 trade represents a 18.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.72% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new position in Dycom Industries during the 3rd quarter worth approximately $26,000. Kemnay Advisory Services Inc. acquired a new position in Dycom Industries during the fourth quarter worth $30,000. Twin Peaks Wealth Advisors LLC acquired a new position in Dycom Industries during the second quarter worth $32,000. Optiver Holding B.V. raised its position in Dycom Industries by 57.1% in the third quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock worth $32,000 after acquiring an additional 40 shares in the last quarter. Finally, Sound Income Strategies LLC acquired a new stake in Dycom Industries in the fourth quarter valued at $32,000. 98.33% of the stock is 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.