Dycom Industries (NYSE:DY) Earns Overweight Rating from Analysts at Cantor Fitzgerald

Stock analysts at Cantor Fitzgerald started coverage on shares of Dycom Industries (NYSE:DY) in a report issued on Tuesday. The firm set an “overweight” rating and a $436.00 price target on the construction company’s stock. Cantor Fitzgerald’s target price points to a potential upside of 21.10% from the stock’s current price.

DY has been the subject of several other research reports. KeyCorp raised their price objective on Dycom Industries from $426.00 to $482.00 and gave the company an “overweight” rating in a research report on Thursday, March 5th. Guggenheim began coverage on shares of Dycom Industries in a report on Thursday, January 22nd. They issued a “buy” rating and a $510.00 target price on the stock. B. Riley Financial upped their price target on shares of Dycom Industries from $420.00 to $485.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. JPMorgan Chase & Co. lifted their price objective on shares of Dycom Industries from $395.00 to $415.00 and gave the company an “overweight” rating in a report on Thursday, March 5th. Finally, Vertical Research initiated coverage on shares of Dycom Industries in a research note on Tuesday, December 23rd. They issued a “buy” rating and a $420.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $431.64.

Dycom Industries Price Performance

Shares of DY stock opened at $360.02 on Tuesday. Dycom Industries has a 52-week low of $131.37 and a 52-week high of $445.52. The firm’s 50 day moving average price is $382.67 and its two-hundred day moving average price is $328.89. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.61 and a current ratio of 2.74. The stock has a market cap of $10.43 billion, a PE ratio of 37.50, a PEG ratio of 1.22 and a beta of 1.34.

Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Wednesday, March 4th. The construction company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.91 by $0.12. Dycom Industries had a net margin of 5.07% and a return on equity of 21.77%. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the business posted $1.17 EPS. The company’s revenue for the quarter was up 34.4% on a year-over-year basis. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. As a group, analysts forecast that Dycom Industries will post 7.13 EPS for the current year.

Insider Activity at Dycom Industries

In other news, Director Eitan Gertel sold 3,645 shares of the business’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 completion of the sale, the director owned 15,997 shares in the company, valued at $5,528,883.14. The trade was 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 link. 3.72% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in DY. Northwestern Mutual Wealth Management Co. raised its holdings in Dycom Industries by 265,593,055.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 23,903,384 shares of the construction company’s stock valued at $8,076,953,000 after acquiring an additional 23,903,375 shares during the period. Peconic Partners LLC raised its position in shares of Dycom Industries by 2.8% during the second quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock worth $933,038,000 after acquiring an additional 105,586 shares during the last quarter. Millennium Management LLC increased its stake in Dycom Industries by 21.0% in the 3rd quarter. Millennium Management LLC now owns 1,324,938 shares of the construction company’s stock valued at $386,564,000 after buying an additional 229,579 shares during the last quarter. Geode Capital Management LLC increased its stake in Dycom Industries by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 727,238 shares of the construction company’s stock worth $245,771,000 after buying an additional 53,993 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in Dycom Industries by 3.4% during the 4th quarter. First Trust Advisors LP now owns 625,171 shares of the construction company’s stock worth $211,245,000 after buying an additional 20,306 shares during the last quarter. Institutional investors and hedge funds 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.