Dycom Industries (NYSE:DY) Hits New 1-Year High – Still a Buy?

Dycom Industries, Inc. (NYSE:DY)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $388.07 and last traded at $382.7790, with a volume of 394202 shares. The stock had previously closed at $364.39.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on DY shares. Bank of America raised their price objective on shares of Dycom Industries from $310.00 to $365.00 and gave the company a “buy” rating in a report on Friday, November 21st. Guggenheim started coverage on Dycom Industries in a report on Thursday, January 22nd. They issued a “buy” rating and a $510.00 target price on the stock. Wall Street Zen upgraded Dycom Industries from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 23rd. Wells Fargo & Company upped their price objective on Dycom Industries from $315.00 to $360.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. Finally, B. Riley increased their price objective on Dycom Industries from $320.00 to $420.00 and gave the company a “buy” rating in a report on Friday, November 21st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $395.20.

Dycom Industries Trading Down 7.5%

The business’s 50-day moving average price is $355.80 and its 200-day moving average price is $305.74. The firm has a market capitalization of $10.50 billion, a PE ratio of 35.68, a price-to-earnings-growth ratio of 1.50 and a beta of 1.36. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.09 and a quick ratio of 2.90.

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

Insider Transactions at Dycom Industries

In related news, Director Eitan Gertel sold 3,645 shares of the business’s stock in a transaction dated 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 owned 15,997 shares in the company, valued at $5,528,883.14. The trade was a 18.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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 made changes to their positions in DY. Sound Income Strategies LLC purchased a new stake in Dycom Industries in the 4th quarter valued at approximately $32,000. Root Financial Partners LLC acquired a new stake in shares of Dycom Industries in the 3rd quarter valued at approximately $26,000. Optiver Holding B.V. lifted its holdings in shares of 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. boosted its stake in shares of 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 buying an additional 83 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID acquired a new position in Dycom Industries during the fourth quarter worth $39,000. 98.33% of the stock is currently owned by institutional investors and hedge funds.

About Dycom Industries

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.