Dycom Industries, Inc. (NYSE:DY) Receives Average Recommendation of "Moderate Buy" from Brokerages

Dycom Industries, Inc. (NYSE:DY - Get Free Report) has earned a consensus rating of "Moderate Buy" from the twelve research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $514.00.

Several research analysts have commented on the stock. Weiss Ratings raised shares of Dycom Industries from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, August 13th. Cantor Fitzgerald reduced their target price on Dycom Industries from $654.00 to $476.00 and set an "overweight" rating on the stock in a research note on Thursday. Zacks Research downgraded Dycom Industries from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. Wedbush set a $654.00 price target on Dycom Industries in a research note on Friday, May 29th. Finally, Wells Fargo & Company set a $476.00 price objective on Dycom Industries in a report on Thursday.

Trending Headlines about Dycom Industries

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

• Positive Sentiment: Dycom reported record fiscal 2027 second-quarter results: adjusted EPS was $5.29 versus the $4.72 consensus, revenue rose 45.6% year over year to $2.01 billion, and adjusted EBITDA reached $315.5 million. The company also reported a record $12.24 billion backlog. Dycom fiscal 2027 second-quarter results
• Positive Sentiment: Management raised its fiscal 2027 revenue outlook to approximately $7.5 billion-$7.7 billion, supported by strong fiber, data-center and Building Systems demand. The company said a $150 million wireless project deferral is shifting into fiscal 2028 rather than being canceled. Dycom earnings call and fiber demand
• Positive Sentiment: The board authorized a new $150 million share-repurchase program, allowing Dycom to buy up to roughly 1.4% of its outstanding shares. The authorization may support per-share results and signals management believes the stock is undervalued. Dycom share-repurchase announcement
• Neutral Sentiment: JPMorgan, UBS, Wells Fargo, KeyCorp and Cantor Fitzgerald all lowered their Dycom price targets following the earnings report, but each retained a positive rating ranging from “buy” to “overweight.” The revised targets still imply substantial upside, although the reductions suggest analysts are recalibrating valuation and near-term expectations. Analysts cut Dycom forecasts
• Negative Sentiment: Fiscal third-quarter adjusted EPS guidance of $4.33-$4.79 is below the $4.68 consensus midpoint and was the primary reason the strong Q2 beat failed to reassure investors. Revenue guidance of $1.9 billion-$2.0 billion was broadly in line with expectations, but the wireless-work deferral is pressuring the near-term earnings outlook. Why Dycom stock declined after earnings

Dycom Industries Price Performance

Shares of NYSE DY opened at $308.19 on Friday. The stock has a market cap of $9.26 billion, a PE ratio of 28.04, a price-to-earnings-growth ratio of 0.55 and a beta of 1.54. Dycom Industries has a fifty-two week low of $242.55 and a fifty-two week high of $566.47. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.46 and a current ratio of 2.35. The stock has a fifty day moving average of $421.24 and a 200-day moving average of $414.57.

Dycom Industries (NYSE:DY - Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The construction company reported $5.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.72 by $0.57. Dycom Industries had a return on equity of 25.30% and a net margin of 4.79%.The business had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $1.98 billion. During the same quarter in the prior year, the firm posted $3.33 EPS. The firm's quarterly revenue was up 45.6% on a year-over-year basis. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. Equities research analysts anticipate that Dycom Industries will post 15.45 earnings per share for the current year.

Dycom Industries declared that its Board of Directors has authorized a share buyback plan on Wednesday, August 26th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the construction company to repurchase up to 1.4% of its shares through open market purchases. Shares buyback plans are often an indication that the company's management believes its stock is undervalued.

Institutional Trading of Dycom Industries

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its position in Dycom Industries by 265,593,055.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 23,903,384 shares of the construction company's stock valued at $8,076,953,000 after acquiring an additional 23,903,375 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of Dycom Industries by 51,902.4% in the 2nd quarter. California State Teachers Retirement System now owns 17,614,250 shares of the construction company's stock valued at $8,905,589,000 after purchasing an additional 17,580,378 shares in the last quarter. Peconic Partners LLC boosted its stake in shares of Dycom Industries by 2.8% in the 2nd quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company's stock valued at $933,038,000 after purchasing an additional 105,586 shares in the last quarter. BlackRock Inc. bought a new position in shares of Dycom Industries during the 2nd quarter valued at $1,513,523,000. Finally, Hill City Capital LP bought a new position in shares of Dycom Industries during the 2nd quarter valued at $510,536,693,000. Hedge funds and other 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.

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