Dycom Industries, Inc. (NYSE:DY) Given Consensus Recommendation of "Buy" by 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 given an average recommendation of "Buy" by the eight ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $289.4286.

A number of brokerages have recently commented on DY. Zacks Research raised Dycom Industries to a "hold" rating in a report on Monday, August 11th. UBS Group raised their price target on Dycom Industries from $288.00 to $296.00 and gave the company a "buy" rating in a report on Thursday, August 21st. Raymond James Financial raised their price target on Dycom Industries from $290.00 to $300.00 and gave the company a "strong-buy" rating in a report on Thursday, August 21st. Wells Fargo & Company raised their price target on Dycom Industries from $250.00 to $295.00 and gave the company an "overweight" rating in a report on Monday, August 18th. Finally, DA Davidson raised their price target on Dycom Industries from $265.00 to $300.00 and gave the company a "buy" rating in a report on Thursday, August 21st.

Dycom Industries Stock Performance

DY stock traded up $8.29 during mid-day trading on Friday, reaching $261.37. The company had a trading volume of 520,174 shares, compared to its average volume of 425,964. The company has a quick ratio of 2.96, a current ratio of 3.16 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $7.57 billion, a P/E ratio of 29.37, a P/E/G ratio of 1.21 and a beta of 1.18. Dycom Industries has a one year low of $131.37 and a one year high of $285.64. The stock's 50-day simple moving average is $260.49 and its two-hundred day simple moving average is $214.44.

Dycom Industries (NYSE:DY - Get Free Report) last posted its earnings results on Wednesday, August 20th. The construction company reported $3.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.92 by $0.41. The company had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.41 billion. Dycom Industries had a return on equity of 21.17% and a net margin of 5.23%.The firm's quarterly revenue was up 14.5% compared to the same quarter last year. During the same period last year, the business 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. Research analysts anticipate that Dycom Industries will post 7.13 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Twin Peaks Wealth Advisors LLC acquired a new position in Dycom Industries during the second quarter worth about $32,000. EverSource Wealth Advisors LLC grew its holdings in Dycom Industries by 73.1% during 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 period. Versant Capital Management Inc acquired a new position in Dycom Industries during the first quarter worth about $28,000. AlphaQuest LLC acquired a new position in Dycom Industries during the first quarter worth about $37,000. Finally, Smartleaf Asset Management LLC grew its holdings in Dycom Industries by 25.0% during the second quarter. Smartleaf Asset Management LLC now owns 485 shares of the construction company's stock worth $119,000 after acquiring an additional 97 shares during the period. 98.33% of the stock is owned by institutional investors and hedge funds.

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.