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

Dycom Industries, Inc. (NYSE:DY) has earned an average recommendation of “Buy” from the thirteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $554.9167.

Several research firms have weighed in on DY. B. Riley Financial raised their price target on Dycom Industries from $485.00 to $625.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Wedbush set a $654.00 price objective on Dycom Industries in a research note on Friday, May 29th. UBS Group reissued a “buy” rating and issued a $611.00 target price on shares of Dycom Industries in a research note on Friday, May 29th. Zacks Research upgraded shares of Dycom Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. Finally, Wells Fargo & Company raised their price target on shares of Dycom Industries from $500.00 to $650.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th.

Institutional Trading of Dycom Industries

A number of hedge funds have recently bought and sold shares of DY. Sound Income Strategies LLC purchased a new position in shares of Dycom Industries during the 4th quarter worth $32,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Dycom Industries in the fourth quarter valued at $30,000. Harbor Investment Advisory LLC purchased a new stake in shares of Dycom Industries in the second quarter valued at $52,000. Acumen Wealth Advisors LLC acquired a new position in Dycom Industries in the fourth quarter valued at $35,000. Finally, CI Investments Inc. increased its stake in Dycom Industries by 259.4% in the third quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock valued at $34,000 after purchasing an additional 83 shares during the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries Stock Up 2.4%

DY stock opened at $428.83 on Thursday. The company’s 50 day simple moving average is $453.90 and its 200-day simple moving average is $405.67. The firm has a market capitalization of $12.88 billion, a PE ratio of 40.80, a P/E/G ratio of 0.74 and a beta of 1.50. Dycom Industries has a 12 month low of $233.00 and a 12 month high of $566.47. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.58 and a quick ratio of 2.46.

Dycom Industries (NYSE:DY) last issued its quarterly earnings data on Wednesday, May 27th. The construction company reported $4.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.73 by $1.69. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the firm posted $2.09 EPS. The company’s quarterly 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. Equities analysts expect that Dycom Industries will post 15.42 earnings per share for the current fiscal year.

Dycom Industries Company Profile

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.