Dycom Industries (NYSE:DY) Given "Buy (B)" Rating at Weiss Ratings

Key Points

• Dycom Industries has received a "Buy (B)" rating from Weiss Ratings, with several other analysts also giving it positive ratings and raising their price targets.
• The stock opened at $291.24 and has a 52-week range between $131.37 and $301.88, with an average price target of $301.38.
• Dycom Industries reported earnings of $3.33 EPS in the latest quarter, exceeding expectations, and its quarterly revenue increased by 14.5% year-over-year.

Dycom Industries (NYSE:DY - Get Free Report)'s stock had its "buy (b)" rating restated by equities research analysts at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

A number of other research analysts have also recently commented on DY. Wells Fargo & Company increased their price target on Dycom Industries from $295.00 to $305.00 and gave the company an "overweight" rating in a research note on Friday, September 26th. UBS Group upped their target price on Dycom Industries from $296.00 to $336.00 and gave the stock a "buy" rating in a report on Monday, October 13th. Zacks Research raised Dycom Industries from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 15th. Bank of America boosted their price target on Dycom Industries from $299.00 to $310.00 and gave the stock a "buy" rating in a report on Monday, September 29th. Finally, Raymond James Financial upped their price objective on Dycom Industries from $290.00 to $300.00 and gave the company a "strong-buy" rating in a research note on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $301.38.

Dycom Industries Price Performance

Dycom Industries stock opened at $291.24 on Friday. Dycom Industries has a 52 week low of $131.37 and a 52 week high of $301.88. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.96 and a current ratio of 3.16. The stock has a fifty day moving average of $273.08 and a 200-day moving average of $239.69. The stock has a market capitalization of $8.43 billion, a P/E ratio of 32.72, a price-to-earnings-growth ratio of 1.37 and a beta of 1.15.

Dycom Industries (NYSE:DY - Get Free Report) last issued its earnings results on Wednesday, August 20th. The construction company reported $3.33 EPS for the quarter, topping the consensus estimate of $2.92 by $0.41. The firm 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 quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous 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. On average, sell-side analysts expect that Dycom Industries will post 7.13 earnings per share for the current fiscal year.

Institutional Trading of Dycom Industries

A number of institutional investors have recently bought and sold shares of DY. Twin Peaks Wealth Advisors LLC bought a new position in shares of Dycom Industries in the 2nd quarter worth about $32,000. AlphaQuest LLC bought a new position in shares of Dycom Industries during the 1st quarter worth approximately $37,000. Salomon & Ludwin LLC acquired a new stake in shares of Dycom Industries during the 3rd quarter worth approximately $37,000. EverSource Wealth Advisors LLC increased its stake in shares of Dycom Industries by 73.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company's stock valued at $39,000 after acquiring an additional 68 shares in the last quarter. Finally, Caldwell Trust Co bought a new stake in shares of Dycom Industries in the 2nd quarter valued at $61,000. 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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