Dycom Industries (NYSE:DY) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Dycom Industries (NYSE:DY) from a buy rating to a strong-buy rating in a research report released on Sunday.

A number of other equities analysts have also issued reports on DY. Guggenheim initiated coverage on Dycom Industries in a report on Thursday, January 22nd. They set a “buy” rating and a $510.00 price target on the stock. Zacks Research cut Dycom Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. KeyCorp reissued an “overweight” rating on shares of Dycom Industries in a report on Tuesday, January 27th. JPMorgan Chase & Co. increased their price target on Dycom Industries from $370.00 to $395.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. Finally, Vertical Research assumed coverage on shares of Dycom Industries in a research report on Tuesday, December 23rd. They issued a “buy” rating and a $420.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Dycom Industries currently has a consensus rating of “Buy” and an average target price of $395.20.

Dycom Industries Stock Performance

Shares of DY opened at $427.35 on Friday. The company’s 50 day simple moving average is $363.65 and its 200-day simple moving average is $313.37. The firm has a market cap of $12.38 billion, a PE ratio of 42.06, a price-to-earnings-growth ratio of 1.88 and a beta of 1.36. Dycom Industries has a 12-month low of $131.37 and a 12-month high of $445.52. The company has a current ratio of 3.09, a quick ratio of 2.90 and a debt-to-equity ratio of 0.62.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Wednesday, November 19th. The construction company reported $3.63 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.48. Dycom Industries had a net margin of 5.75% and a return on equity of 22.21%. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the prior year, the business earned $2.68 EPS. Dycom Industries’s quarterly revenue was up 14.2% compared to the same quarter last year. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. As a group, equities analysts predict that Dycom Industries will post 7.13 EPS for the current year.

Insiders Place Their Bets

In related news, Director Eitan Gertel sold 3,645 shares of the company’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $345.62, for a total transaction of $1,259,784.90. Following the transaction, the director owned 15,997 shares of the company’s stock, valued at $5,528,883.14. This represents a 18.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.72% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dycom Industries

Hedge funds have recently bought and sold shares of the company. Root Financial Partners LLC purchased a new stake in Dycom Industries during the third quarter worth $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Dycom Industries during the 2nd quarter worth $32,000. Optiver Holding B.V. boosted its position in shares of Dycom Industries by 57.1% in the 3rd quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock worth $32,000 after buying an additional 40 shares in the last quarter. Sound Income Strategies LLC purchased a new stake in shares of Dycom Industries in the 4th quarter worth about $32,000. Finally, CI Investments Inc. grew its stake in Dycom Industries by 259.4% in the 3rd quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock valued at $34,000 after acquiring an additional 83 shares during the last quarter. 98.33% of the stock is owned by hedge funds and other institutional investors.

Dycom Industries Company Profile

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.