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

Dycom Industries, Inc. (NYSE:DY) has received a consensus rating of “Buy” from the eight analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $289.4286.

A number of research firms recently issued reports on DY. DA Davidson lifted their target price on Dycom Industries from $265.00 to $300.00 and gave the company a “buy” rating in a report on Thursday. Raymond James Financial lifted their target price on Dycom Industries from $290.00 to $300.00 and gave the company a “strong-buy” rating in a report on Thursday. UBS Group lifted their target price on Dycom Industries from $288.00 to $296.00 and gave the company a “buy” rating in a report on Thursday. JPMorgan Chase & Co. lifted their target price on Dycom Industries from $250.00 to $275.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Wall Street Zen upgraded Dycom Industries from a “hold” rating to a “buy” rating in a report on Friday.

Dycom Industries Trading Down 1.7%

DY opened at $257.80 on Monday. Dycom Industries has a 52 week low of $131.37 and a 52 week high of $285.64. The business has a fifty day simple moving average of $255.98 and a 200-day simple moving average of $205.23. The firm has a market cap of $7.46 billion, a P/E ratio of 28.97, a P/E/G ratio of 1.50 and a beta of 1.34. The company has a quick ratio of 2.68, a current ratio of 3.16 and a debt-to-equity ratio of 0.74.

Dycom Industries (NYSE:DY) last released its earnings results on Wednesday, August 20th. The construction company reported $3.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.92 by $0.41. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.41 billion. Dycom Industries had a return on equity of 21.17% and a net margin of 5.23%.Dycom Industries’s revenue was up 14.5% compared to the same quarter last year. During the same period last year, the business posted $2.46 earnings per share. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. On average, equities analysts expect that Dycom Industries will post 7.13 earnings per share for the current year.

Institutional Trading of Dycom Industries

A number of institutional investors have recently bought and sold shares of DY. Alyeska Investment Group L.P. purchased a new stake in Dycom Industries during the 4th quarter worth about $80,584,000. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in Dycom Industries by 851.6% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 475,637 shares of the construction company’s stock worth $72,459,000 after buying an additional 425,652 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Dycom Industries by 327.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 399,226 shares of the construction company’s stock worth $60,818,000 after buying an additional 305,755 shares during the last quarter. First Trust Advisors LP lifted its holdings in Dycom Industries by 142.9% during the 4th quarter. First Trust Advisors LP now owns 496,407 shares of the construction company’s stock worth $86,405,000 after buying an additional 292,050 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in Dycom Industries by 261.6% during the 4th quarter. Point72 Asset Management L.P. now owns 224,277 shares of the construction company’s stock worth $39,038,000 after buying an additional 162,262 shares during the last quarter. 98.33% of the stock is owned by hedge funds and other institutional investors.

Dycom Industries Company Profile

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.