Dycom Industries (NYSE:DY) Issues Quarterly Earnings Results

Dycom Industries (NYSE:DY) issued its earnings results on Wednesday. The construction company reported $3.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.48, Zacks reports. Dycom Industries had a return on equity of 21.17% and a net margin of 5.23%.During the same period in the prior year, the firm posted $2.68 earnings per share. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. Dycom Industries updated its Q4 2026 guidance to 1.620-1.970 EPS and its FY 2026 guidance to EPS.

Dycom Industries Stock Performance

Shares of DY stock opened at $295.98 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.96 and a current ratio of 3.16. The firm has a market cap of $8.57 billion, a P/E ratio of 33.26, a P/E/G ratio of 1.38 and a beta of 1.23. The firm’s 50 day moving average price is $284.12 and its 200-day moving average price is $256.92. Dycom Industries has a one year low of $131.37 and a one year high of $301.88.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of DY. EverSource Wealth Advisors LLC grew its stake in shares of Dycom Industries by 73.1% in the second quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock valued at $39,000 after buying an additional 68 shares in the last quarter. Employees Retirement System of Texas purchased a new position in Dycom Industries during the 3rd quarter valued at about $75,000. Smartleaf Asset Management LLC grew its position in Dycom Industries by 25.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 485 shares of the construction company’s stock valued at $119,000 after acquiring an additional 97 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Dycom Industries during the second quarter worth about $175,000. Finally, Inceptionr LLC acquired a new stake in shares of Dycom Industries during the third quarter worth about $249,000. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on DY shares. Wall Street Zen lowered shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday. Weiss Ratings reissued a “buy (b)” rating on shares of Dycom Industries in a research note on Wednesday, October 8th. DA Davidson raised their price target on shares of Dycom Industries from $265.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. JPMorgan Chase & Co. upped their price objective on Dycom Industries from $250.00 to $275.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Finally, Zacks Research raised Dycom Industries from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Two research analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $302.63.

About Dycom Industries

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.