Dycom Industries, Inc. (NYSE:DY) Receives Average Recommendation of “Buy” from Analysts

Dycom Industries, Inc. (NYSE:DY) has been given an average rating of “Buy” by the thirteen analysts that are currently covering the stock, MarketBeat reports. Eleven investment analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $554.9167.

Several brokerages have issued reports on DY. Guggenheim raised their price objective on shares of Dycom Industries from $575.00 to $620.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Zacks Research upgraded shares of Dycom Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th. JPMorgan Chase & Co. lifted their price target on shares of Dycom Industries from $415.00 to $650.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. B. Riley Financial lifted their price target on shares of Dycom Industries from $485.00 to $625.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Finally, Cantor Fitzgerald lifted their price target on shares of Dycom Industries from $436.00 to $654.00 and gave the company an “overweight” rating in a research report on Friday, May 29th.

Institutional Investors Weigh In On Dycom Industries

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sound Income Strategies LLC acquired a new stake in shares of Dycom Industries in the fourth quarter valued at approximately $32,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Dycom Industries in the fourth quarter valued at approximately $30,000. Acumen Wealth Advisors LLC acquired a new stake in shares of Dycom Industries in the fourth quarter valued at approximately $35,000. Optiver Holding B.V. raised its position in shares of Dycom Industries by 57.1% in the third 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 in the last quarter. Finally, CI Investments Inc. raised its position 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. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Dycom Industries Trading Up 1.1%

Shares of DY stock opened at $469.52 on Friday. The firm has a 50 day moving average price of $427.64 and a two-hundred day moving average price of $388.51. The company has a quick ratio of 2.46, a current ratio of 2.58 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $14.10 billion, a PE ratio of 44.67, a price-to-earnings-growth ratio of 0.88 and a beta of 1.49. Dycom Industries has a 12-month low of $229.97 and a 12-month high of $566.47.

Dycom Industries (NYSE:DY) last issued its quarterly earnings data on Wednesday, May 27th. The construction company reported $4.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.73 by $1.69. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.67 billion. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The business’s revenue for the quarter was up 56.1% compared to the same quarter last year. During the same period last year, the business posted $2.09 earnings per share. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. As a group, analysts predict that Dycom Industries will post 14.54 earnings per share for the current year.

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.