Dycom Industries (NYSE:DY) Given Overweight Rating at Cantor Fitzgerald

Cantor Fitzgerald reiterated their overweight rating on shares of Dycom Industries (NYSE:DY) in a report published on Friday,Benzinga reports. Cantor Fitzgerald currently has a $436.00 target price on the construction company’s stock.

Several other equities research analysts have also recently issued reports on the stock. Vertical Research began coverage on shares of Dycom Industries in a research note on Tuesday, December 23rd. They set a “buy” rating and a $420.00 target price on the stock. JPMorgan Chase & Co. increased their target price on shares of Dycom Industries from $395.00 to $415.00 and gave the company an “overweight” rating in a research report on Thursday, March 5th. Wall Street Zen downgraded shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 7th. KeyCorp upped their price objective on shares of Dycom Industries from $426.00 to $482.00 and gave the company an “overweight” rating in a research note on Thursday, March 5th. Finally, Bank of America increased their price objective on shares of Dycom Industries from $365.00 to $475.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Dycom Industries currently has an average rating of “Moderate Buy” and an average price target of $431.64.

Dycom Industries Price Performance

NYSE:DY opened at $342.32 on Friday. The stock has a 50 day moving average of $383.45 and a two-hundred day moving average of $337.49. Dycom Industries has a 12 month low of $131.37 and a 12 month high of $445.52. The firm has a market cap of $10.26 billion, a P/E ratio of 35.66, a price-to-earnings-growth ratio of 0.78 and a beta of 1.34. The company has a current ratio of 2.74, a quick ratio of 2.61 and a debt-to-equity ratio of 1.51.

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

Insider Activity at Dycom Industries

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

Institutional Trading of Dycom Industries

Several institutional investors and hedge funds have recently bought and sold shares of DY. Root Financial Partners LLC acquired a new position in Dycom Industries in the third quarter valued at about $26,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Dycom Industries in the 4th quarter valued at approximately $30,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Dycom Industries in the 2nd quarter worth approximately $32,000. Optiver Holding B.V. lifted its holdings in shares of Dycom Industries by 57.1% in the 3rd quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock worth $32,000 after acquiring an additional 40 shares during the last quarter. Finally, Sound Income Strategies LLC purchased a new position in shares of Dycom Industries during the 4th quarter worth approximately $32,000. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

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.