Dycom Industries, Inc. (NYSE:DY) Stock Rated "Moderate Buy" by Wall Street Analysts

Key Points

• Analyst sentiment is moderately positive: Ten of 13 analysts rate Dycom Industries a buy and three recommend holding; the average one-year price target is $502.92.
• Quarterly results beat expectations: Dycom reported EPS of $5.29 versus a $4.72 consensus estimate and revenue of $2.01 billion, up 45.6% year over year.
• The board authorized a $150 million share-repurchase program, allowing the company to buy back up to 1.4% of its shares. Two directors also made stock purchases.

Dycom Industries, Inc. (NYSE:DY - Get Free Report) has been assigned an average rating of "Moderate Buy" from the thirteen analysts that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $502.92.

A number of equities analysts recently commented on the company. UBS Group reiterated a "buy" rating on shares of Dycom Industries in a research note on Thursday, September 17th. Wells Fargo & Company set a $476.00 target price on Dycom Industries in a report on Thursday, August 27th. Guggenheim reiterated a "buy" rating and issued a $620.00 target price on shares of Dycom Industries in a research report on Thursday, September 17th. Oppenheimer started coverage on Dycom Industries in a report on Tuesday, October 27th. They issued a "market perform" rating for the company. Finally, Raymond James Financial set a $375.00 price objective on Dycom Industries in a research note on Thursday, September 3rd.

Dycom Industries Trading Down 0.8%

DY opened at $218.24 on Wednesday. Dycom Industries has a 12-month low of $186.25 and a 12-month high of $566.47. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.35 and a quick ratio of 2.24. The stock has a market capitalization of $6.58 billion, a PE ratio of 19.86, a P/E/G ratio of 0.37 and a beta of 1.53. The firm's fifty day moving average price is $262.24 and its 200 day moving average price is $373.06.

Dycom Industries (NYSE:DY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 26th. The construction company reported $5.29 earnings per share for the quarter, topping the consensus estimate of $4.72 by $0.57. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.98 billion. Dycom Industries had a net margin of 4.79% and a return on equity of 25.30%. The firm's revenue for the quarter was up 45.6% compared to the same quarter last year. During the same period last year, the business earned $3.33 EPS. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. As a group, research analysts expect that Dycom Industries will post 15.98 EPS for the current fiscal year.

Dycom Industries announced that its Board of Directors has authorized a share buyback program on Wednesday, August 26th that allows the company to buy back $150 million in shares. This buyback authorization allows the construction company to purchase up to 1.4% of its shares through open market purchases. Share buyback programs are generally a sign that the company's leadership believes its stock is undervalued.

Insider Transactions at Dycom Industries

In other Dycom Industries news, Director Carmen Sabater purchased 350 shares of Dycom Industries stock in a transaction dated Wednesday, September 23rd. The shares were bought at an average cost of $280.62 per share, for a total transaction of $98,217.00. Following the transaction, the director owned 7,154 shares in the company, valued at $2,007,555.48. This represents a 5.14% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David Fallon purchased 700 shares of the firm's stock in a transaction dated Tuesday, September 1st. The stock was acquired at an average cost of $286.92 per share, with a total value of $200,844.00. Following the completion of the acquisition, the director directly owned 1,043 shares in the company, valued at approximately $299,257.56. This trade represents a 204.08% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.22% of the company's stock.

Institutional Investors Weigh In On Dycom Industries

Large investors have recently added to or reduced their stakes in the stock. Legacy Wealth Managment LLC ID boosted its holdings in shares of Dycom Industries by 30.4% during the first quarter. Legacy Wealth Managment LLC ID now owns 150 shares of the construction company's stock valued at $51,000 after acquiring an additional 35 shares during the period. Triumph Capital Management grew its position in shares of Dycom Industries by 4.1% during the second quarter. Triumph Capital Management now owns 996 shares of the construction company's stock worth $504,000 after acquiring an additional 39 shares during the last quarter. Arizona State Retirement System grew its position in shares of Dycom Industries by 0.5% during the second quarter. Arizona State Retirement System now owns 8,283 shares of the construction company's stock worth $4,188,000 after acquiring an additional 44 shares during the last quarter. Somerset Trust Co grew its position in shares of Dycom Industries by 0.7% during the second quarter. Somerset Trust Co now owns 6,285 shares of the construction company's stock worth $3,178,000 after acquiring an additional 45 shares during the last quarter. Finally, Covestor Ltd increased its holdings in shares of Dycom Industries by 58.6% in the 3rd quarter. Covestor Ltd now owns 138 shares of the construction company's stock worth $37,000 after acquiring an additional 51 shares during the period. 98.33% of the stock is owned by institutional investors and hedge funds.

About Dycom Industries

Dycom Industries, Inc. is a specialty contracting company that builds and maintains communications infrastructure. Its customers include telecommunications providers, cable operators and utilities, primarily in the United States. The company provides engineering, design, construction, installation and maintenance services for broadband networks. Its work includes fiber-optic and other wireline systems, wireless infrastructure, and aerial and underground network construction. Founded in 1969, Dycom supports customers as they expand, upgrade and maintain their communications networks.

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