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

Shares of Dycom Industries, Inc. (NYSE:DY) have been assigned a consensus recommendation of “Buy” from the ten analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given 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 $298.25.

DY has been the topic of several research analyst reports. Raymond James Financial boosted their price target on shares of Dycom Industries from $290.00 to $300.00 and gave the company a “strong-buy” rating in a report on Thursday, August 21st. Wall Street Zen upgraded shares of Dycom Industries from a “hold” rating to a “buy” rating in a report on Friday, August 22nd. JPMorgan Chase & Co. upped their price objective on shares of Dycom Industries from $250.00 to $275.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. KeyCorp upped their price objective on shares of Dycom Industries from $255.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. Finally, Zacks Research upgraded shares of Dycom Industries to a “hold” rating in a report on Monday, August 11th.

Institutional Investors Weigh In On Dycom Industries

A number of large investors have recently bought and sold shares of the business. Peconic Partners LLC boosted its holdings in Dycom Industries by 2.8% in the second quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock worth $933,038,000 after purchasing an additional 105,586 shares in the last quarter. Millennium Management LLC boosted its holdings in Dycom Industries by 3.2% during the first quarter. Millennium Management LLC now owns 1,481,394 shares of the construction company’s stock valued at $225,676,000 after acquiring an additional 45,562 shares during the period. Hill City Capital LP boosted its holdings in Dycom Industries by 14.1% during the first quarter. Hill City Capital LP now owns 969,784 shares of the construction company’s stock valued at $147,737,000 after acquiring an additional 120,000 shares during the period. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in Dycom Industries by 851.6% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 475,637 shares of the construction company’s stock valued at $72,459,000 after acquiring an additional 425,652 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in Dycom Industries by 327.1% during the first quarter. Assenagon Asset Management S.A. now owns 399,226 shares of the construction company’s stock valued at $60,818,000 after acquiring an additional 305,755 shares during the period. 98.33% of the stock is currently owned by institutional investors.

Dycom Industries Trading Up 2.4%

Dycom Industries stock opened at $291.28 on Tuesday. The company’s fifty day simple moving average is $269.79 and its 200-day simple moving average is $231.93. The company has a quick ratio of 2.96, a current ratio of 3.16 and a debt-to-equity ratio of 0.74. Dycom Industries has a 12 month low of $131.37 and a 12 month high of $300.00. The stock has a market cap of $8.43 billion, a P/E ratio of 32.73, a P/E/G ratio of 1.36 and a beta of 1.15.

Dycom Industries (NYSE:DY) last posted its quarterly earnings results on Wednesday, August 20th. The construction company reported $3.33 EPS for the quarter, beating the consensus estimate of $2.92 by $0.41. Dycom Industries had a net margin of 5.23% and a return on equity of 21.17%. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the previous year, the company posted $2.46 EPS. Dycom Industries’s revenue was up 14.5% on a year-over-year basis. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. As a group, sell-side analysts forecast that Dycom Industries will post 7.13 EPS for the current fiscal year.

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.