Dycom Industries (NYSE:DY) Upgraded by Zacks Research to Hold Rating

Key Points

• Zacks upgraded Dycom from a "strong sell" to a "hold," but the broader analyst consensus remains a Buy with a consensus target price of $431.64 and several firms raising targets (Bank of America $475, KeyCorp $482, JPMorgan $415).
• Dycom beat Q results, reporting EPS of $2.03 vs. $1.91 expected and revenue of $1.46B (up 34.4% year-over-year), and the company set Q1 2027 guidance at $2.570–2.90 EPS.

Dycom Industries (NYSE:DY - Get Free Report) was upgraded by research analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a report released on Monday,Zacks.com reports.

Several other research analysts have also recently issued reports on DY. Weiss Ratings reissued a "buy (b)" rating on shares of Dycom Industries in a report on Wednesday, January 21st. JPMorgan Chase & Co. raised their target price on shares of Dycom Industries from $395.00 to $415.00 and gave the stock an "overweight" rating in a report on Thursday, March 5th. Wall Street Zen cut shares of Dycom Industries from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 7th. Bank of America upped their price objective on shares of Dycom Industries from $365.00 to $475.00 and gave the stock a "buy" rating in a research report on Wednesday, February 25th. Finally, KeyCorp upped their price objective on shares of Dycom Industries from $426.00 to $482.00 and gave the stock an "overweight" rating in a research report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Dycom Industries currently has a consensus rating of "Buy" and a consensus target price of $431.64.

Dycom Industries Trading Up 2.4%

Shares of Dycom Industries stock opened at $356.83 on Monday. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.74 and a quick ratio of 2.61. The firm has a fifty day moving average price of $379.60 and a 200 day moving average price of $342.76. Dycom Industries has a 1 year low of $138.75 and a 1 year high of $445.52. The stock has a market cap of $10.69 billion, a PE ratio of 37.17, a price-to-earnings-growth ratio of 0.81 and a beta of 1.38.

Dycom Industries (NYSE:DY - Get Free Report) last issued its earnings results on Wednesday, March 4th. The construction company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.12. Dycom Industries had a net margin of 5.07% and a return on equity of 21.77%. The firm had revenue of $1.46 billion during the quarter, compared to analysts' expectations of $1.34 billion. During the same quarter last year, the company posted $1.17 earnings per share. The firm's revenue was up 34.4% compared to the same quarter last year. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. Equities research analysts predict that Dycom Industries will post 7.13 earnings per share for the current year.

Insider Activity at Dycom Industries

In other news, Director Eitan Gertel sold 3,645 shares of the business's stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $345.62, for a total transaction of $1,259,784.90. Following the completion of the sale, the director owned 15,997 shares of the company's stock, valued at $5,528,883.14. The trade was a 18.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.72% of the stock is owned by corporate insiders.

Institutional Trading of Dycom Industries

A number of institutional investors and hedge funds have recently modified their holdings of DY. &PARTNERS grew its stake in Dycom Industries by 2.5% during the 4th quarter. &PARTNERS now owns 1,053 shares of the construction company's stock valued at $356,000 after acquiring an additional 26 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Dycom Industries by 17.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the construction company's stock valued at $69,000 after acquiring an additional 30 shares in the last quarter. First Bank & Trust grew its stake in Dycom Industries by 1.6% during the 4th quarter. First Bank & Trust now owns 2,106 shares of the construction company's stock valued at $712,000 after acquiring an additional 33 shares in the last quarter. Osaic Holdings Inc. grew its stake in Dycom Industries by 1.7% during the 4th quarter. Osaic Holdings Inc. now owns 2,062 shares of the construction company's stock valued at $697,000 after acquiring an additional 35 shares in the last quarter. Finally, CWM LLC grew its stake in Dycom Industries by 1.9% during the 4th quarter. CWM LLC now owns 1,956 shares of the construction company's stock valued at $661,000 after acquiring an additional 36 shares in the last quarter. Hedge funds and other institutional investors own 98.33% of the company's stock.

About Dycom Industries

Dycom Industries, Inc NYSE: DY is a leading provider of specialty contracting services to the telecommunications industry in North America. The company delivers engineering, construction, installation and maintenance solutions for communications infrastructure, supporting a broad range of network technologies and system architectures. Dycom's services span outside plant construction, cable placement, fiber optic deployment, wireless and wireline network engineering, as well as testing and turn-up services for voice, data and video applications.

Dycom's customer base includes major telecommunications carriers, cable operators, utility companies and competitive local exchange carriers.

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