Dycom Industries, Inc. (NYSE:DY) Receives Average Recommendation of “Buy” from Analysts

Dycom Industries, Inc. (NYSE:DY) has been assigned an average recommendation of “Buy” from the thirteen research firms that are presently covering the company, MarketBeat reports. Eleven investment analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $554.9167.

Several research firms recently commented on DY. Weiss Ratings upgraded shares of Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 29th. UBS Group restated a “buy” rating and issued a $611.00 price target on shares of Dycom Industries in a research note on Friday, May 29th. Bank of America upped their price target on shares of Dycom Industries from $365.00 to $475.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. JPMorgan Chase & Co. upped their price target on shares of Dycom Industries from $415.00 to $650.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Finally, Wall Street Zen upgraded shares of Dycom Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 6th.

Institutional Investors Weigh In On Dycom Industries

Large investors have recently bought and sold shares of the company. Sound Income Strategies LLC acquired a new stake in Dycom Industries during the fourth quarter worth about $32,000. Kemnay Advisory Services Inc. acquired a new stake in Dycom Industries during the fourth quarter worth about $30,000. Acumen Wealth Advisors LLC acquired a new stake in Dycom Industries during the fourth quarter worth about $35,000. Optiver Holding B.V. grew its stake in Dycom Industries by 57.1% during the third quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock worth $32,000 after buying an additional 40 shares in the last quarter. Finally, CI Investments Inc. boosted its stake in shares of 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 purchasing an additional 83 shares in the last quarter. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Dycom Industries Trading Down 1.1%

DY stock opened at $456.23 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.46 and a current ratio of 2.58. The company’s 50-day simple moving average is $436.80 and its 200 day simple moving average is $391.92. Dycom Industries has a 52 week low of $230.00 and a 52 week high of $566.47. The company has a market capitalization of $13.70 billion, a PE ratio of 43.41, a price-to-earnings-growth ratio of 0.86 and a beta of 1.49.

Dycom Industries (NYSE:DY) last released its quarterly earnings results on Wednesday, May 27th. The construction company reported $4.42 EPS for the quarter, beating the consensus estimate of $2.73 by $1.69. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the prior year, the company posted $2.09 earnings per share. Dycom Industries’s revenue was up 56.1% compared to the same quarter last year. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. As a group, sell-side analysts anticipate that Dycom Industries will post 14.54 earnings per share for the current year.

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.