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

Shares of Dycom Industries, Inc. (NYSE:DY) have been assigned a consensus rating of “Moderate Buy” from the thirteen brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $431.6364.

Several equities analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Dycom Industries in a research note on Wednesday, January 21st. Vertical Research assumed coverage on Dycom Industries in a report on Tuesday, December 23rd. They issued a “buy” rating and a $420.00 price objective for the company. KeyCorp raised their target price on Dycom Industries from $426.00 to $482.00 and gave the stock an “overweight” rating in a research report on Thursday, March 5th. Wall Street Zen downgraded Dycom Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 7th. Finally, DA Davidson upped 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.

Dycom Industries Stock Performance

NYSE:DY opened at $356.96 on Friday. The stock’s 50-day moving average is $384.03 and its 200-day moving average is $330.08. Dycom Industries has a 1-year low of $131.37 and a 1-year high of $445.52. The company has a current ratio of 2.74, a quick ratio of 2.61 and a debt-to-equity ratio of 1.51. The stock has a market cap of $10.70 billion, a P/E ratio of 37.18, a price-to-earnings-growth ratio of 1.22 and a beta of 1.34.

Dycom Industries (NYSE:DY) last issued its quarterly earnings data on Wednesday, March 4th. The construction company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.12. Dycom Industries had a net margin of 5.07% and a return on equity of 21.77%. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the business earned $1.17 EPS. The firm’s quarterly revenue was up 34.4% on a year-over-year basis. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. Equities research analysts anticipate that Dycom Industries will post 7.13 earnings per share for the current year.

Insider Activity at Dycom Industries

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Hsbc Holdings PLC lifted its position in shares of Dycom Industries by 1.8% in the 4th quarter. Hsbc Holdings PLC now owns 4,298 shares of the construction company’s stock worth $1,467,000 after purchasing an additional 78 shares during the period. Tulsa Wealth Advisors INC bought a new stake in shares of Dycom Industries in the 4th quarter valued at $553,000. Mariner Investment Group LLC acquired a new stake in shares of Dycom Industries during the fourth quarter worth $1,014,000. Pacer Advisors Inc. acquired a new stake in shares of Dycom Industries during the fourth quarter worth $1,150,000. Finally, Virtu Financial LLC bought a new position in Dycom Industries during the fourth quarter worth $2,634,000. 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.