Dycom Industries’ (DY) Buy Rating Reiterated at Guggenheim

Guggenheim reiterated their buy rating on shares of Dycom Industries (NYSE:DY) in a research report released on Thursday,Benzinga reports. Guggenheim currently has a $620.00 price target on the construction company’s stock.

Other equities research analysts have also issued reports about the stock. Wedbush set a $654.00 price target on shares of Dycom Industries in a research note on Friday, May 29th. Weiss Ratings cut shares of Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, August 31st. Wall Street Zen downgraded shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 25th. Raymond James Financial set a $375.00 price objective on shares of Dycom Industries in a report on Thursday, September 3rd. Finally, Wells Fargo & Company set a $476.00 target price on shares of Dycom Industries in a research report on Thursday, August 27th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $502.42.

Dycom Industries Price Performance

Shares of NYSE DY opened at $291.17 on Thursday. The stock’s 50-day simple moving average is $368.31 and its two-hundred day simple moving average is $400.23. Dycom Industries has a twelve month low of $266.09 and a twelve month high of $566.47. The firm has a market capitalization of $8.78 billion, a P/E ratio of 26.49, a P/E/G ratio of 0.51 and a beta of 1.49. The company has a quick ratio of 2.24, a current ratio of 2.35 and a debt-to-equity ratio of 1.35.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Wednesday, August 26th. The construction company reported $5.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.72 by $0.57. Dycom Industries had a return on equity of 25.30% and a net margin of 4.79%.The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the company posted $3.33 EPS. The company’s revenue for the quarter was up 45.6% on a year-over-year basis. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. As a group, equities analysts anticipate that Dycom Industries will post 15.82 EPS for the current fiscal year.

Dycom Industries announced that its Board of Directors has initiated a stock buyback program on Wednesday, August 26th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the construction company to buy up to 1.4% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other Dycom Industries news, Director David Fallon purchased 700 shares of the firm’s stock in a transaction on Tuesday, September 1st. The shares were purchased at an average cost of $286.92 per share, with a total value of $200,844.00. Following the completion of the purchase, the director owned 1,043 shares of the company’s stock, valued at $299,257.56. The trade was a 204.08% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.22% of the stock is owned by insiders.

Institutional Investors Weigh In On Dycom Industries

Institutional investors have recently made changes to their positions in the business. Allworth Financial LP purchased a new position in Dycom Industries in the 2nd quarter worth $35,000. Nemes Rush Group LLC purchased a new stake in Dycom Industries during the fourth quarter valued at about $40,000. Clearstead Advisors LLC grew its stake in shares of Dycom Industries by 212.8% during the fourth quarter. Clearstead Advisors LLC now owns 122 shares of the construction company’s stock valued at $41,000 after buying an additional 83 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Dycom Industries by 150.0% in the fourth quarter. Hantz Financial Services Inc. now owns 145 shares of the construction company’s stock worth $49,000 after buying an additional 87 shares during the period. Finally, Legacy Wealth Managment LLC ID lifted its stake in shares of Dycom Industries by 30.4% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 150 shares of the construction company’s stock valued at $51,000 after acquiring an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Dycom Industries News Roundup

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

• Positive Sentiment: Zacks Research raised its FY2027 EPS forecast to $16.38 from $15.18, while making smaller increases to Q3 and Q4 2027 estimates. The firm also lifted its Q1 2029 forecast to $4.93 from $4.79 and its Q2 2029 forecast to $5.95 from $5.86, signaling stronger expected earnings in several periods. Zacks nevertheless maintained a Hold rating. Dycom Industries analyst estimates
• Positive Sentiment: Guggenheim reaffirmed its Buy rating, providing continued support for the stock’s bullish investment case. Guggenheim Reaffirms Buy Rating for Dycom Industries
• Neutral Sentiment: Recent coverage remains divided: Zacks Research rates Dycom Hold, while another report discussed whether the shares may be trading at a discount. This suggests valuation remains an important consideration after the stock’s substantial prior gains and subsequent pullback. Do You Think Dycom Industries is Trading at a Discount?
• Negative Sentiment: Zacks reduced its FY2028 EPS forecast to $19.04 from $19.71, cutting estimates for Q1, Q2 and Q3 2028. The revisions indicate some moderation in longer-term earnings expectations despite the FY2027 upgrades.
• Negative Sentiment: Wall Street Zen downgraded Dycom Industries to Hold, adding a more cautious signal to the analyst commentary. Wall Street Zen Downgrades Dycom Industries to Hold

About Dycom Industries

Dycom Industries, Inc is a specialty contractor that provides infrastructure construction and maintenance services for the telecommunications and utility industries. The company supports the expansion, upgrade and upkeep of communications networks, including fiber-optic, broadband, wireless and other voice and data systems.

Its services include engineering and design, aerial and underground construction, fiber and cable installation, wireless infrastructure deployment, network maintenance, utility locating, vegetation management and emergency restoration.