Dycom Industries (NYSE:DY) Coverage Initiated at Vertical Research

Equities research analysts at Vertical Research began coverage on shares of Dycom Industries (NYSE:DY) in a note issued to investors on Tuesday. The brokerage set a “buy” rating and a $420.00 price target on the construction company’s stock. Vertical Research’s price objective suggests a potential upside of 20.74% from the company’s current price.

Several other research firms have also recently weighed in on DY. Wells Fargo & Company increased their price objective on shares of Dycom Industries from $315.00 to $360.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. B. Riley increased their price target on Dycom Industries from $320.00 to $420.00 and gave the stock a “buy” rating in a report on Friday, November 21st. JPMorgan Chase & Co. boosted their price objective on Dycom Industries from $275.00 to $370.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. Wall Street Zen raised Dycom Industries from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 23rd. Finally, UBS Group increased their price target on Dycom Industries from $336.00 to $373.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Two research analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to MarketBeat, Dycom Industries presently has an average rating of “Buy” and a consensus price target of $376.67.

Dycom Industries Trading Up 1.0%

NYSE DY opened at $347.86 on Tuesday. The firm has a market capitalization of $10.07 billion, a PE ratio of 34.24, a price-to-earnings-growth ratio of 1.77 and a beta of 1.36. The business’s 50-day moving average price is $317.26 and its two-hundred day moving average price is $280.23. 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 has a 12 month low of $131.37 and a 12 month high of $366.65.

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

Hedge Funds Weigh In On Dycom Industries

A number of large investors have recently modified their holdings of the company. Root Financial Partners LLC bought a new stake in Dycom Industries during the 3rd quarter valued at $26,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Dycom Industries during the second quarter worth about $32,000. Optiver Holding B.V. raised its holdings 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 acquiring an additional 40 shares during the last quarter. CI Investments Inc. lifted its position 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 in the last quarter. Finally, AlphaQuest LLC bought a new stake in Dycom Industries during the 1st quarter worth approximately $37,000. 98.33% of the stock is currently owned by 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.