Dycom Industries (NYSE:DY) Rating Lowered to Hold at Zacks Research

Dycom Industries (NYSE:DY) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

DY has been the topic of a number of other reports. Wells Fargo & Company upped their price objective on Dycom Industries from $315.00 to $360.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. KeyCorp raised their price objective on shares of Dycom Industries from $320.00 to $392.00 and gave the company an “overweight” rating in a research note on Friday, November 21st. Vertical Research began 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Dycom Industries in a report on Wednesday, October 8th. Finally, DA Davidson raised their price target on Dycom Industries from $300.00 to $390.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Dycom Industries presently has an average rating of “Buy” and an average target price of $379.67.

Dycom Industries Trading Down 1.3%

Shares of NYSE:DY opened at $365.79 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.09 and a quick ratio of 2.90. The firm has a market capitalization of $10.59 billion, a price-to-earnings ratio of 36.00, a price-to-earnings-growth ratio of 1.91 and a beta of 1.34. Dycom Industries has a 1 year low of $131.37 and a 1 year high of $379.89. The business’s 50 day moving average price is $343.29 and its 200-day moving average price is $296.78.

Dycom Industries (NYSE:DY) last issued 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 analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the company posted $2.68 earnings per share. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. On average, equities research analysts forecast that Dycom Industries will post 7.13 earnings per share for the current fiscal year.

Insider Activity

In other Dycom Industries news, Director Eitan Gertel sold 3,645 shares of the company’s stock in a transaction dated Friday, January 9th. The shares were 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 in the company, valued at approximately $5,528,883.14. This represents a 18.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.72% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dycom Industries

Several institutional investors have recently modified their holdings of DY. Root Financial Partners LLC acquired a new stake in Dycom Industries in the 3rd quarter valued at about $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Dycom Industries during the second quarter worth $32,000. Optiver Holding B.V. grew its holdings in Dycom Industries by 57.1% in the 3rd quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock valued at $32,000 after buying an additional 40 shares during the period. CI Investments Inc. grew its holdings in Dycom Industries by 259.4% in the third quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock valued at $34,000 after purchasing an additional 83 shares during the period. Finally, Salomon & Ludwin LLC purchased a new stake in shares of Dycom Industries during the 3rd quarter valued at $37,000. 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.