Dycom Industries, Inc. (NYSE:DY) Receives Average Rating of "Buy" from Analysts

Key Points

• Analysts have given Dycom Industries, Inc. a consensus rating of "Buy", with one hold, eight buy, and one strong buy recommendation.
• The average 12-month target price for Dycom's stock is $293.25, with recent price target upgrades from several firms ranging from $300.00 to $305.00.
• Dycom reported an EPS of $3.33 for the last quarter, exceeding analyst expectations, and achieved a revenue increase of 14.5% year-over-year.

Dycom Industries, Inc. (NYSE:DY - Get Free Report) has been given a consensus rating of "Buy" by the ten analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $293.25.

Several research firms have recently issued reports on DY. Wall Street Zen raised shares of Dycom Industries from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. Zacks Research upgraded Dycom Industries to a "hold" rating in a research note on Monday, August 11th. Raymond James Financial lifted their price target on Dycom Industries from $290.00 to $300.00 and gave the stock a "strong-buy" rating in a report on Thursday, August 21st. Wells Fargo & Company upped their price objective on Dycom Industries from $295.00 to $305.00 and gave the stock an "overweight" rating in a research report on Friday, September 26th. Finally, DA Davidson raised their target price on Dycom Industries from $265.00 to $300.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its position in shares of Dycom Industries by 9.1% in the 3rd quarter. GAMMA Investing LLC now owns 769 shares of the construction company's stock valued at $224,000 after purchasing an additional 64 shares during the period. Corient Private Wealth LLC lifted its stake in Dycom Industries by 3.9% in the second quarter. Corient Private Wealth LLC now owns 4,654 shares of the construction company's stock valued at $1,137,000 after buying an additional 176 shares during the last quarter. Texas Permanent School Fund Corp boosted its holdings in shares of Dycom Industries by 31.9% in the second quarter. Texas Permanent School Fund Corp now owns 61,402 shares of the construction company's stock valued at $15,006,000 after acquiring an additional 14,854 shares during the period. Caldwell Trust Co purchased a new position in shares of Dycom Industries during the second quarter worth approximately $61,000. Finally, Osaic Holdings Inc. increased its holdings in shares of Dycom Industries by 9.7% in the 2nd quarter. Osaic Holdings Inc. now owns 2,064 shares of the construction company's stock valued at $501,000 after acquiring an additional 183 shares during the period. Institutional investors and hedge funds own 98.33% of the company's stock.

Dycom Industries Price Performance

DY stock opened at $288.47 on Tuesday. The business's 50-day moving average is $267.55 and its two-hundred day moving average is $227.34. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.16 and a quick ratio of 2.96. The firm has a market capitalization of $8.35 billion, a P/E ratio of 32.41, a P/E/G ratio of 1.37 and a beta of 1.15. Dycom Industries has a 1 year low of $131.37 and a 1 year high of $300.00.

Dycom Industries (NYSE:DY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 20th. The construction company reported $3.33 EPS for the quarter, topping analysts' consensus estimates of $2.92 by $0.41. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.41 billion. Dycom Industries had a return on equity of 21.17% and a net margin of 5.23%.The business's revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.46 earnings per share. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. Analysts anticipate that Dycom Industries will post 7.13 earnings per share for the current fiscal year.

About Dycom Industries

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.