Dycom Industries (NYSE:DY) Reaches New 1-Year High – Should You Buy?

Shares of Dycom Industries, Inc. (NYSE:DY) reached a new 52-week high during trading on Thursday . The stock traded as high as $384.00 and last traded at $382.9650, with a volume of 682 shares. The stock had previously closed at $375.59.

Analyst Ratings Changes

A number of brokerages have commented on DY. B. Riley upped their target price on shares of Dycom Industries from $320.00 to $420.00 and gave the stock a “buy” rating in a research note on Friday, November 21st. Vertical Research started coverage on Dycom Industries in a research note on Tuesday, December 23rd. They issued a “buy” rating and a $420.00 price objective on the stock. UBS Group raised their price objective on Dycom Industries from $373.00 to $400.00 and gave the stock a “buy” rating in a report on Monday, January 12th. KeyCorp lifted their target price on Dycom Industries from $320.00 to $392.00 and gave the company an “overweight” rating in a research report on Friday, November 21st. Finally, Guggenheim started coverage on Dycom Industries in a research report on Thursday. They set a “buy” rating and a $510.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $392.70.

Dycom Industries Stock Down 3.0%

The business’s 50 day moving average is $348.32 and its 200 day moving average is $298.69. 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 company has a market cap of $10.65 billion, a P/E ratio of 36.18, a P/E/G ratio of 1.95 and a beta of 1.34.

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, beating analysts’ consensus estimates of $3.15 by $0.48. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.41 billion. Dycom Industries had a return on equity of 22.21% and a net margin of 5.75%.The business’s revenue was up 14.2% compared to the same quarter last year. During the same period last year, the business posted $2.68 EPS. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. As a group, equities analysts anticipate that Dycom Industries, Inc. will post 7.13 earnings per share for the current fiscal year.

Insider Transactions at Dycom Industries

In other Dycom Industries news, Director Eitan Gertel sold 3,645 shares of the business’s stock in a transaction dated 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 transaction, the director directly owned 15,997 shares in the company, valued at approximately $5,528,883.14. The trade was a 18.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.72% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Root Financial Partners LLC bought a new position in shares of Dycom Industries during the 3rd quarter worth approximately $26,000. Twin Peaks Wealth Advisors LLC purchased a new position in Dycom Industries in the second quarter worth $32,000. Optiver Holding B.V. increased its position in shares of Dycom Industries by 57.1% during the third quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock worth $32,000 after purchasing an additional 40 shares in the last quarter. Sound Income Strategies LLC purchased a new stake in shares of Dycom Industries during the 4th quarter valued at $32,000. Finally, CI Investments Inc. boosted its position in shares of Dycom Industries by 259.4% in the 3rd quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock worth $34,000 after purchasing an additional 83 shares in the last quarter. Hedge funds and other 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.