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

Zacks Research downgraded shares of Dycom Industries (NYSE:DY) from a strong-buy rating to a hold rating in a report published on Monday,Zacks.com reports.

A number of other equities analysts have also commented on DY. Wall Street Zen raised shares of Dycom Industries from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 23rd. Wells Fargo & Company raised their price objective on Dycom Industries from $315.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. KeyCorp upped their target price on Dycom Industries from $320.00 to $392.00 and gave the stock an “overweight” rating in a report on Friday, November 21st. Bank of America increased their price target on Dycom Industries from $310.00 to $365.00 and gave the stock a “buy” rating in a research report on Friday, November 21st. Finally, DA Davidson lifted their price objective on Dycom Industries from $300.00 to $390.00 and gave the company a “buy” rating in a report on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $379.67.

Dycom Industries Trading Down 1.3%

Shares of DY stock opened at $365.79 on Monday. The company has a market cap of $10.59 billion, a PE ratio of 36.00, a price-to-earnings-growth ratio of 1.91 and a beta of 1.34. Dycom Industries has a 1 year low of $131.37 and a 1 year high of $379.89. The stock’s 50 day simple moving average is $343.29 and its two-hundred day simple moving average is $296.78. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.09 and a quick ratio of 2.90.

Dycom Industries (NYSE:DY) last released its earnings results on Wednesday, November 19th. The construction company reported $3.63 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $1.41 billion. During the same quarter last year, the business earned $2.68 EPS. The business’s revenue was up 14.2% on a year-over-year basis. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. Research analysts predict that Dycom Industries will post 7.13 earnings per share for the current year.

Insider Buying and Selling at Dycom Industries

In other news, Director Eitan Gertel sold 3,645 shares of the company’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 transaction, the director owned 15,997 shares in the company, valued at $5,528,883.14. This represents a 18.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 3.72% of the company’s stock.

Institutional Trading of Dycom Industries

A number of institutional investors have recently bought and sold shares of the stock. AlTi Global Inc. raised its stake in Dycom Industries by 20.7% in the 2nd quarter. AlTi Global Inc. now owns 13,097 shares of the construction company’s stock worth $3,201,000 after acquiring an additional 2,243 shares during the last quarter. Leuthold Group LLC acquired a new position in shares of Dycom Industries in the second quarter valued at about $3,762,000. Entropy Technologies LP raised its stake in shares of Dycom Industries by 378.1% in the second quarter. Entropy Technologies LP now owns 7,826 shares of the construction company’s stock worth $1,913,000 after purchasing an additional 6,189 shares during the last quarter. Creative Planning boosted its position in Dycom Industries by 88.7% in the second quarter. Creative Planning now owns 12,195 shares of the construction company’s stock valued at $2,980,000 after buying an additional 5,731 shares during the last quarter. Finally, Greenleaf Trust acquired a new position in Dycom Industries in the 2nd quarter worth approximately $246,000. 98.33% of the stock is currently owned by institutional investors and hedge funds.

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.