Dycom Industries (NYSE:DY) Sets New 1-Year High – What’s Next?

Dycom Industries, Inc. (NYSE:DY) shares reached a new 52-week high on Thursday . The stock traded as high as $384.00 and last traded at $382.9650, with a volume of 682 shares trading hands. The stock had previously closed at $375.59.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DY. Weiss Ratings reiterated a “buy (b)” rating on shares of Dycom Industries in a research report on Wednesday, October 8th. UBS Group boosted their price objective on shares of Dycom Industries from $373.00 to $400.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. B. Riley increased their price objective on Dycom Industries from $320.00 to $420.00 and gave the company a “buy” rating in a research report on Friday, November 21st. Wells Fargo & Company lifted their target price on Dycom Industries from $315.00 to $360.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. Finally, KeyCorp boosted their target price on Dycom Industries from $320.00 to $392.00 and gave the stock an “overweight” rating in a research report on Friday, November 21st. One investment 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 stock. Based on data from MarketBeat, Dycom Industries presently has an average rating of “Buy” and a consensus price target of $392.70.

Dycom Industries Price Performance

The stock has a market capitalization of $11.02 billion, a P/E ratio of 37.28, a PEG ratio of 1.89 and a beta of 1.34. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.90 and a current ratio of 3.09. The business has a fifty day simple moving average of $344.87 and a 200-day simple moving average of $297.33.

Dycom Industries (NYSE:DY) last issued its earnings results on Wednesday, November 19th. The construction company reported $3.63 EPS for the quarter, beating the consensus estimate of $3.15 by $0.48. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.41 billion. Dycom Industries had a return on equity of 22.21% and a net margin of 5.75%.During the same period last year, the business posted $2.68 EPS. The firm’s revenue for the quarter 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. Sell-side analysts expect that Dycom Industries, Inc. will post 7.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Eitan Gertel sold 3,645 shares of Dycom Industries 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 sale, the director directly owned 15,997 shares in the company, valued at $5,528,883.14. The trade was a 18.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.72% of the company’s stock.

Institutional Trading of Dycom Industries

A number of large investors have recently modified their holdings of DY. Peconic Partners LLC boosted its position in Dycom Industries by 2.8% during the 2nd quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock valued at $933,038,000 after acquiring an additional 105,586 shares in the last quarter. Millennium Management LLC raised its position in shares of Dycom Industries by 21.0% in the 3rd quarter. Millennium Management LLC now owns 1,324,938 shares of the construction company’s stock worth $386,564,000 after acquiring an additional 229,579 shares in the last quarter. First Trust Advisors LP raised its position in shares of Dycom Industries by 6.8% in the 3rd quarter. First Trust Advisors LP now owns 604,865 shares of the construction company’s stock worth $176,475,000 after acquiring an additional 38,472 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Dycom Industries by 5,603.6% in the 4th quarter. Nordea Investment Management AB now owns 405,580 shares of the construction company’s stock valued at $139,057,000 after purchasing an additional 398,469 shares during the period. Finally, Bank of America Corp DE raised its holdings in Dycom Industries by 15.2% in the third quarter. Bank of America Corp DE now owns 354,225 shares of the construction company’s stock worth $103,349,000 after purchasing an additional 46,680 shares in the last quarter. 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.