Dycom Industries (NYSE:DY) Earns Buy (B) Rating from Weiss Ratings

Key Points

• Dycom Industries has received a "buy (B)" rating from Weiss Ratings, indicating strong confidence from analysts in the stock's performance.
• Key research analysts have consistently raised their price targets for Dycom Industries, with an average target of $293.25 and ratings ranging from "buy" to "strong-buy."
• The company reported earnings of $3.33 EPS, exceeding expectations, with a revenue increase of 14.5% year-over-year, reflecting significant growth potential.

Dycom Industries (NYSE:DY - Get Free Report)'s stock had its "buy (b)" rating reaffirmed by investment analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Several other equities research analysts also recently commented on the stock. KeyCorp upped their price objective on shares of Dycom Industries from $255.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Wall Street Zen raised shares of Dycom Industries from a "hold" rating to a "buy" rating in a report on Friday, August 22nd. JPMorgan Chase & Co. upped their price objective on shares of Dycom Industries from $250.00 to $275.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. UBS Group upped their price objective on shares of Dycom Industries from $288.00 to $296.00 and gave the company a "buy" rating in a report on Thursday, August 21st. Finally, Raymond James Financial upped their price target on Dycom Industries from $290.00 to $300.00 and gave the company a "strong-buy" rating in a research report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $293.25.

Dycom Industries Stock Performance

Shares of NYSE:DY traded up $7.56 during midday trading on Wednesday, reaching $293.86. The company had a trading volume of 239,610 shares, compared to its average volume of 394,488. The company's 50 day moving average price is $268.41 and its 200 day moving average price is $228.20. The company has a current ratio of 3.16, a quick ratio of 2.96 and a debt-to-equity ratio of 0.74. The stock has a market cap of $8.51 billion, a P/E ratio of 33.02, a P/E/G ratio of 1.37 and a beta of 1.15. Dycom Industries has a 52-week low of $131.37 and a 52-week high of $300.00.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DY. OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of Dycom Industries by 851.6% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 475,637 shares of the construction company's stock worth $72,459,000 after purchasing an additional 425,652 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Dycom Industries by 327.1% in the first quarter. Assenagon Asset Management S.A. now owns 399,226 shares of the construction company's stock worth $60,818,000 after purchasing an additional 305,755 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Dycom Industries in the second quarter worth approximately $34,671,000. Nuveen LLC bought a new position in Dycom Industries during the first quarter valued at approximately $21,451,000. Finally, Voya Investment Management LLC grew its position in Dycom Industries by 1,432.2% during the first quarter. Voya Investment Management LLC now owns 144,883 shares of the construction company's stock valued at $22,071,000 after acquiring an additional 135,427 shares during the last quarter. 98.33% of the stock is currently owned by institutional investors.

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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