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

Key Points

• Dycom Industries, Inc. has received an average recommendation of "Buy" from eight research firms, with one analyst rating it as a hold, six as buy, and one as strong buy.
• The company's stock price target has been revised upward by several analysts, with current estimates ranging from $295 to $300.
• In its latest earnings report, Dycom Industries posted an earnings per share (EPS) of $3.33, significantly beating the consensus estimate of $2.92, showing a 14.5% revenue increase compared to the previous year.

Shares of Dycom Industries, Inc. (NYSE:DY - Get Free Report) have been assigned an average recommendation of "Buy" from the eight research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $289.4286.

Several equities analysts recently commented on the stock. DA Davidson upped their price target on shares of Dycom Industries from $265.00 to $300.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. KeyCorp upped their price target on shares of Dycom Industries from $255.00 to $295.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Zacks Research upgraded shares of Dycom Industries to a "hold" rating in a research note on Monday, August 11th. Wall Street Zen upgraded shares of Dycom Industries from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. Finally, UBS Group upped their price target on shares of Dycom Industries from $288.00 to $296.00 and gave the company a "buy" rating in a research note on Thursday, August 21st.

Dycom Industries Price Performance

NYSE:DY opened at $259.03 on Friday. 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's fifty day moving average price is $260.00 and its two-hundred day moving average price is $211.89. Dycom Industries has a one year low of $131.37 and a one year high of $285.64. The company has a market cap of $7.50 billion, a P/E ratio of 29.10, a P/E/G ratio of 1.25 and a beta of 1.18.

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

Institutional Investors Weigh In On Dycom Industries

Institutional investors and hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc bought a new stake in Dycom Industries during the first quarter worth about $28,000. Twin Peaks Wealth Advisors LLC bought a new stake in Dycom Industries during the second quarter worth about $32,000. AlphaQuest LLC bought a new stake in Dycom Industries during the first quarter worth about $37,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Dycom Industries by 73.1% in the second quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company's stock worth $39,000 after acquiring an additional 68 shares during the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of Dycom Industries by 27.1% in the first quarter. Federated Hermes Inc. now owns 492 shares of the construction company's stock worth $75,000 after acquiring an additional 105 shares during the last quarter. Institutional investors own 98.33% of the company's stock.

Dycom Industries Company Profile

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.

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