Dycom Industries, Inc. (NYSE:DY) Given Average Recommendation of "Buy" by Brokerages

Key Points

• Dycom Industries, Inc. has a consensus recommendation of "Buy" from nine brokerages, with an average 1-year target price of $259.00.
• Recent performance shows the company reported $2.09 EPS for the last quarter, exceeding estimates, with a year-over-year revenue increase of 10.2%.
• Institutional investors own 98.33% of Dycom Industries' stock, highlighting strong institutional interest and recent investment activity.

Shares of Dycom Industries, Inc. (NYSE:DY - Get Free Report) have been assigned a consensus rating of "Buy" from the nine analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $273.1250.

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. increased their price objective on Dycom Industries from $250.00 to $275.00 and gave the stock an "overweight" rating in a report on Thursday. DA Davidson increased their price objective on Dycom Industries from $265.00 to $300.00 and gave the company a "buy" rating in a research report on Thursday. Wall Street Zen cut Dycom Industries from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Zacks Research raised Dycom Industries to a "hold" rating in a research report on Monday, August 11th. Finally, UBS Group raised their target price on Dycom Industries from $288.00 to $296.00 and gave the stock a "buy" rating in a research report on Thursday.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its stake in shares of Dycom Industries by 5.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 19,828 shares of the construction company's stock worth $3,451,000 after buying an additional 938 shares during the last quarter. Federated Hermes Inc. grew its stake in Dycom Industries by 107.0% during the 4th quarter. Federated Hermes Inc. now owns 387 shares of the construction company's stock worth $67,000 after purchasing an additional 200 shares in the last quarter. Cerity Partners LLC grew its stake in Dycom Industries by 19.3% during the 4th quarter. Cerity Partners LLC now owns 2,242 shares of the construction company's stock worth $417,000 after purchasing an additional 363 shares in the last quarter. Bank of Montreal Can grew its stake in Dycom Industries by 8.0% during the 4th quarter. Bank of Montreal Can now owns 4,672 shares of the construction company's stock worth $813,000 after purchasing an additional 348 shares in the last quarter. Finally, Mariner LLC grew its stake in Dycom Industries by 31.0% during the 4th quarter. Mariner LLC now owns 1,916 shares of the construction company's stock worth $334,000 after purchasing an additional 453 shares in the last quarter. 98.33% of the stock is owned by institutional investors and hedge funds.

Dycom Industries Price Performance

DY stock traded up $0.5210 during mid-day trading on Monday, reaching $257.7810. 254,251 shares of the company traded hands, compared to its average volume of 440,372. Dycom Industries has a 52-week low of $131.37 and a 52-week high of $285.64. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.89 and a quick ratio of 2.68. The company has a market capitalization of $7.46 billion, a P/E ratio of 32.67, a P/E/G ratio of 1.54 and a beta of 1.34. The company has a fifty day moving average price of $254.94 and a 200-day moving average price of $204.21.

Dycom Industries (NYSE:DY - Get Free Report) last issued its earnings results on Wednesday, August 20th. The construction company reported $3.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.41. Dycom Industries had a return on equity of 20.04% and a net margin of 4.81%.The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the prior year, the firm earned $2.46 earnings per share. Dycom Industries's revenue for the quarter was up 14.5% on a year-over-year basis. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. As a group, analysts anticipate that Dycom Industries will post 7.13 earnings per share for the current 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.