Dycom Industries’ (DY) Overweight Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reissued their overweight rating on shares of Dycom Industries (NYSE:DY) in a report issued on Thursday, MarketBeat.com reports. Cantor Fitzgerald currently has a $476.00 price target on the construction company’s stock.

Several other equities analysts also recently weighed in on the stock. UBS Group reiterated a “buy” rating on shares of Dycom Industries in a research note on Thursday, September 17th. JPMorgan Chase & Co. dropped their price target on shares of Dycom Industries from $650.00 to $570.00 and set an “overweight” rating on the stock in a research note on Thursday, August 27th. Guggenheim reaffirmed a “buy” rating and set a $620.00 price objective on shares of Dycom Industries in a research note on Thursday, September 17th. Weiss Ratings cut shares of Dycom Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, September 18th. Finally, B. Riley Financial lifted their price objective on Dycom Industries from $485.00 to $625.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $502.92.

Dycom Industries Stock Down 0.1%

DY stock opened at $271.94 on Thursday. The stock has a market cap of $8.20 billion, a P/E ratio of 24.74, a P/E/G ratio of 0.46 and a beta of 1.49. The company has a current ratio of 2.35, a quick ratio of 2.24 and a debt-to-equity ratio of 1.35. The stock’s fifty day simple moving average is $354.72 and its two-hundred day simple moving average is $396.48. Dycom Industries has a 1-year low of $270.48 and a 1-year high of $566.47.

Dycom Industries (NYSE:DY) last announced its earnings results on Wednesday, August 26th. The construction company reported $5.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.72 by $0.57. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.98 billion. Dycom Industries had a return on equity of 25.30% and a net margin of 4.79%.The business’s revenue was up 45.6% compared to the same quarter last year. During the same period last year, the firm posted $3.33 EPS. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. Analysts expect that Dycom Industries will post 15.94 EPS for the current year.

Dycom Industries declared that its Board of Directors has initiated a share buyback plan on Wednesday, August 26th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the construction company to repurchase up to 1.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Dycom Industries

In related news, Director David Fallon bought 700 shares of the business’s stock in a transaction dated Tuesday, September 1st. The shares were purchased at an average price of $286.92 per share, with a total value of $200,844.00. Following the purchase, the director owned 1,043 shares of the company’s stock, valued at approximately $299,257.56. This trade represents a 204.08% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carmen M. Sabater acquired 350 shares of the stock in a transaction on Wednesday, September 23rd. The shares were purchased at an average cost of $280.62 per share, with a total value of $98,217.00. Following the transaction, the director directly owned 7,154 shares of the company’s stock, valued at approximately $2,007,555.48. This trade represents a 5.14% increase in their position. The SEC filing for this purchase provides additional information. 1.22% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new stake in Dycom Industries during the second quarter worth about $1,513,523,000. Hill City Capital LP bought a new position in shares of Dycom Industries during the second quarter valued at approximately $510,536,693. First Trust Advisors LP increased its stake in shares of Dycom Industries by 27.8% during the first quarter. First Trust Advisors LP now owns 798,699 shares of the construction company’s stock valued at $270,615,000 after purchasing an additional 173,528 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Dycom Industries by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 727,238 shares of the construction company’s stock valued at $245,771,000 after purchasing an additional 53,993 shares during the last quarter. Finally, Bank of America Corp DE purchased a new position in shares of Dycom Industries during the second quarter valued at approximately $270,174,000. 98.33% of the stock is currently owned by institutional investors.

Key Dycom Industries News

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

• Positive Sentiment: A valuation analysis argues that DY could be approximately 48% undervalued after its pullback, suggesting substantial upside if the company’s earnings growth and telecommunications-infrastructure demand remain intact. Dycom Industries Could Be 48% Undervalued Following Its Sharp Pullback
• Positive Sentiment: Cantor Fitzgerald reaffirmed its Overweight rating and maintained a $476 price target, implying significant potential upside from recent trading levels. The bullish view is based on Dycom’s growth prospects. Cantor Fitzgerald Reaffirms Dycom Rating
• Positive Sentiment: A director purchased 350 shares worth approximately $98,217, increasing her ownership by 5.14%. Insider buying can signal confidence that the recent weakness has made the stock attractive. Dycom Director Buys 350 Shares
• Positive Sentiment: Zacks highlighted Dycom as a long-term growth stock. The company’s latest reported quarter showed revenue growth of 45.6% year over year, with earnings and revenue exceeding analyst expectations. Why Dycom Is a Top Growth Stock
• Neutral Sentiment: Dycom presented at the 25th Annual Diversified Industrials & Services Conference. The transcript provides investors with additional information on strategy and operating trends, but no specific new catalyst was reported. Dycom Conference Transcript
• Negative Sentiment: Shares remain down 11.7% since the last earnings report, indicating that investors have continued to take profits or reduce exposure despite the earnings beat. The stock’s position well below its moving averages reflects persistent near-term selling pressure. Dycom Down Since Earnings

Dycom Industries Company Profile

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.