Dycom Industries, Inc. (NYSE:DY) Given Average Rating of “Buy” by Brokerages

Shares of Dycom Industries, Inc. (NYSE:DY) have earned an average recommendation of “Buy” from the eleven ratings firms that are currently covering the company, MarketBeat reports. Nine investment analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $376.6667.

DY has been the topic of several recent analyst reports. UBS Group raised their target price on shares of Dycom Industries from $336.00 to $373.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Weiss Ratings reissued a “buy (b)” rating on shares of Dycom Industries in a report on Wednesday, October 8th. B. Riley boosted their price objective on shares of Dycom Industries from $320.00 to $420.00 and gave the company a “buy” rating in a research report on Friday, November 21st. KeyCorp increased their target price on shares of Dycom Industries from $320.00 to $392.00 and gave the stock an “overweight” rating in a report on Friday, November 21st. Finally, JPMorgan Chase & Co. raised their target price on Dycom Industries from $275.00 to $370.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th.

Dycom Industries Stock Down 0.2%

DY opened at $348.40 on Friday. The company has a market cap of $10.09 billion, a P/E ratio of 34.29, a P/E/G ratio of 1.79 and a beta of 1.36. The business’s 50-day moving average price is $320.44 and its 200-day moving average price is $281.91. The company has a current ratio of 3.09, a quick ratio of 2.90 and a debt-to-equity ratio of 0.62. Dycom Industries has a 12 month low of $131.37 and a 12 month high of $366.65.

Dycom Industries (NYSE:DY) last issued its earnings results on Wednesday, November 19th. The construction company reported $3.63 earnings per share 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 analysts’ expectations of $1.41 billion. Dycom Industries had a return on equity of 22.21% and a net margin of 5.75%.Dycom Industries’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.68 EPS. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. On average, equities analysts expect that Dycom Industries will post 7.13 EPS for the current year.

Hedge Funds Weigh In On Dycom Industries

Hedge funds and other institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. lifted its position in shares of Dycom Industries by 13.7% during the 1st quarter. Russell Investments Group Ltd. now owns 24,012 shares of the construction company’s stock worth $3,658,000 after purchasing an additional 2,897 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in Dycom Industries by 14.6% during the 1st quarter. Hsbc Holdings PLC now owns 8,763 shares of the construction company’s stock worth $1,319,000 after buying an additional 1,119 shares during the last quarter. CW Advisors LLC boosted its position in shares of Dycom Industries by 1.0% during the 1st quarter. CW Advisors LLC now owns 9,338 shares of the construction company’s stock worth $1,423,000 after acquiring an additional 91 shares in the last quarter. AlphaQuest LLC purchased a new position in shares of Dycom Industries in the 1st quarter valued at about $37,000. Finally, Penn Capital Management Company LLC raised its position in shares of Dycom Industries by 45.9% during the 1st quarter. Penn Capital Management Company LLC now owns 107,459 shares of the construction company’s stock worth $16,389,000 after acquiring an additional 33,801 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.