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

Dycom Industries (NYSE:DY) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

A number of other research firms also recently weighed in on DY. KeyCorp increased their target price on Dycom Industries from $482.00 to $610.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Wall Street Zen raised shares of Dycom Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Wedbush set a $654.00 price objective on shares of Dycom Industries in a research note on Friday, May 29th. Guggenheim raised their price objective on shares of Dycom Industries from $575.00 to $620.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Finally, Weiss Ratings upgraded shares of Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, Dycom Industries currently has a consensus rating of “Buy” and a consensus target price of $554.92.

Dycom Industries Trading Down 1.0%

NYSE:DY opened at $454.07 on Monday. The company has a market cap of $13.64 billion, a PE ratio of 43.20, a price-to-earnings-growth ratio of 0.86 and a beta of 1.49. The company has a current ratio of 2.58, a quick ratio of 2.46 and a debt-to-equity ratio of 1.48. The company has a 50 day simple moving average of $420.23 and a two-hundred day simple moving average of $386.09. Dycom Industries has a 12 month low of $229.97 and a 12 month high of $566.47.

Dycom Industries (NYSE:DY) last released its quarterly earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share for the quarter, beating the consensus estimate of $2.73 by $1.69. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.The company’s revenue was up 56.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.09 EPS. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. Research analysts forecast that Dycom Industries will post 14.54 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Sound Income Strategies LLC purchased a new position in Dycom Industries during the fourth quarter valued at approximately $32,000. Kemnay Advisory Services Inc. purchased a new position in shares of Dycom Industries during the 4th quarter valued at $30,000. Acumen Wealth Advisors LLC bought a new position in Dycom Industries in the 4th quarter worth $35,000. Optiver Holding B.V. boosted its holdings in 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 during the period. Finally, CI Investments Inc. increased 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 worth $34,000 after buying an additional 83 shares in the last quarter. Institutional investors own 98.33% of the company’s stock.

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.