Brokerages Set Dycom Industries, Inc. (NYSE:DY) PT at $431.64

Dycom Industries, Inc. (NYSE:DY) has received a consensus rating of “Moderate Buy” from the thirteen research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $431.6364.

Several analysts have weighed in on DY shares. JPMorgan Chase & Co. boosted their target price on shares of Dycom Industries from $395.00 to $415.00 and gave the stock an “overweight” rating in a research report on Thursday, March 5th. Guggenheim initiated coverage on shares of Dycom Industries in a report on Thursday, January 22nd. They issued a “buy” rating and a $510.00 price target for the company. UBS Group set a $475.00 price objective on shares of Dycom Industries and gave the stock a “buy” rating in a research note on Friday, March 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Dycom Industries in a report on Wednesday, January 21st. Finally, Bank of America upped their target price on Dycom Industries from $365.00 to $475.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th.

Dycom Industries Trading Up 0.2%

Dycom Industries stock opened at $348.18 on Tuesday. 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 $10.44 billion, a PE ratio of 36.27, a price-to-earnings-growth ratio of 0.80 and a beta of 1.38. The stock has a 50-day moving average of $380.82 and a two-hundred day moving average of $339.78. Dycom Industries has a one year low of $131.37 and a one year high of $445.52.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Wednesday, March 4th. The construction company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.12. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.34 billion. Dycom Industries had a return on equity of 21.77% and a net margin of 5.07%.The company’s revenue was up 34.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.17 earnings per share. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. On average, research analysts anticipate that Dycom Industries will post 7.13 EPS for the current fiscal year.

Insider Buying and Selling at Dycom Industries

In other news, Director Eitan Gertel sold 3,645 shares of the stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $345.62, for a total value of $1,259,784.90. Following the transaction, the director directly owned 15,997 shares of the company’s stock, valued at approximately $5,528,883.14. This represents a 18.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.72% of the company’s stock.

Institutional Investors Weigh In On Dycom Industries

Large investors have recently bought and sold shares of the company. Hsbc Holdings PLC increased its holdings in Dycom Industries by 1.8% in the 4th quarter. Hsbc Holdings PLC now owns 4,298 shares of the construction company’s stock worth $1,467,000 after buying an additional 78 shares during the period. Tulsa Wealth Advisors INC purchased a new position in Dycom Industries during the 4th quarter worth approximately $553,000. Mariner Investment Group LLC acquired a new stake in Dycom Industries during the 4th quarter valued at approximately $1,014,000. Pacer Advisors Inc. acquired a new stake in Dycom Industries during the 4th quarter valued at approximately $1,150,000. Finally, Virtu Financial LLC purchased a new stake in shares of Dycom Industries in the 4th quarter valued at $2,634,000. Hedge funds and other 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.