Dycom Industries, Inc. (NYSE:DY) Given Average Rating of “Buy” by Analysts

Shares of Dycom Industries, Inc. (NYSE:DY) have been assigned an average recommendation of “Buy” from the thirteen analysts that are presently covering the company, MarketBeat reports. Eleven equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $554.9167.

Several brokerages have commented on DY. Zacks Research upgraded shares of Dycom Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. KeyCorp increased their target price on Dycom Industries from $482.00 to $610.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Guggenheim raised their target price on Dycom Industries from $575.00 to $620.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. JPMorgan Chase & Co. lifted their price target on Dycom Industries from $415.00 to $650.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Finally, Weiss Ratings raised Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday.

Dycom Industries Price Performance

Shares of DY stock opened at $425.75 on Thursday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.46 and a current ratio of 2.58. Dycom Industries has a fifty-two week low of $233.00 and a fifty-two week high of $566.47. The firm has a market cap of $12.79 billion, a P/E ratio of 40.51, a P/E/G ratio of 0.73 and a beta of 1.50. The business’s 50 day moving average price is $454.17 and its 200-day moving average price is $403.05.

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, beating analysts’ consensus estimates of $2.73 by $1.69. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the firm earned $2.09 EPS. The company’s quarterly revenue was up 56.1% compared to the same quarter last year. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. On average, equities research analysts anticipate that Dycom Industries will post 15.42 earnings per share for the current year.

Institutional Trading of Dycom Industries

Hedge funds and other institutional investors have recently modified their holdings of the business. Sound Income Strategies LLC purchased a new position in Dycom Industries during the 4th quarter valued at about $32,000. Kemnay Advisory Services Inc. purchased a new stake in Dycom Industries in the fourth quarter worth about $30,000. Harbor Investment Advisory LLC purchased a new stake in Dycom Industries in the second quarter worth about $52,000. Acumen Wealth Advisors LLC bought a new position in shares of Dycom Industries during the fourth quarter valued at approximately $35,000. Finally, CI Investments Inc. lifted its holdings in shares of Dycom Industries by 259.4% during 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 last quarter. 98.33% of the stock is owned by hedge funds and other institutional investors.

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.