Dycom Industries (NYSE:DY) Now Covered by Analysts at Guggenheim

Investment analysts at Guggenheim assumed coverage on shares of Dycom Industries (NYSE:DY) in a research report issued on Thursday, MarketBeat.com reports. The firm set a “buy” rating and a $510.00 price target on the construction company’s stock. Guggenheim’s price target indicates a potential upside of 35.97% from the stock’s previous close.

DY has been the subject of several other research reports. 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 note on Thursday, November 20th. KeyCorp upped their target price on Dycom Industries from $320.00 to $392.00 and gave the company an “overweight” rating in a report on Friday, November 21st. B. Riley raised their price target on shares of Dycom Industries from $320.00 to $420.00 and gave the stock a “buy” rating in a report on Friday, November 21st. Vertical Research began coverage on shares of Dycom Industries in a research report on Tuesday, December 23rd. They issued a “buy” rating and a $420.00 price target on the stock. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Dycom Industries in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $392.70.

Dycom Industries Trading Up 2.4%

Shares of NYSE DY opened at $375.07 on Thursday. The firm has a 50 day moving average price of $344.87 and a two-hundred day moving average price of $297.33. The stock has a market cap of $10.86 billion, a P/E ratio of 36.92, a price-to-earnings-growth ratio of 1.89 and a beta of 1.34. Dycom Industries has a 52-week low of $131.37 and a 52-week high of $379.89. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.90 and a current ratio of 3.09.

Dycom Industries (NYSE:DY) last issued its quarterly earnings data on Wednesday, November 19th. The construction company reported $3.63 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.48. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Dycom Industries had a net margin of 5.75% and a return on equity of 22.21%. Dycom Industries’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.68 earnings per share. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. As a group, equities analysts forecast that Dycom Industries will post 7.13 EPS for the current year.

Insider Activity

In other Dycom Industries news, Director Eitan Gertel sold 3,645 shares of the stock in a transaction that occurred on Friday, January 9th. The stock was 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.72% of the company’s stock.

Institutional Trading of Dycom Industries

Hedge funds have recently modified their holdings of the stock. Peconic Partners LLC boosted its stake in Dycom Industries by 2.8% during the second quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock worth $933,038,000 after acquiring an additional 105,586 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Dycom Industries by 21.0% during the third quarter. Millennium Management LLC now owns 1,324,938 shares of the construction company’s stock valued at $386,564,000 after purchasing an additional 229,579 shares during the period. First Trust Advisors LP boosted its position in shares of Dycom Industries by 6.8% during the 3rd quarter. First Trust Advisors LP now owns 604,865 shares of the construction company’s stock worth $176,475,000 after purchasing an additional 38,472 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of Dycom Industries by 5,603.6% in the 4th quarter. Nordea Investment Management AB now owns 405,580 shares of the construction company’s stock valued at $139,057,000 after buying an additional 398,469 shares during the period. Finally, Bank of America Corp DE increased its position in Dycom Industries by 15.2% in the 3rd quarter. Bank of America Corp DE now owns 354,225 shares of the construction company’s stock valued at $103,349,000 after buying an additional 46,680 shares in the last quarter. 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.