Dycom Industries (NYSE:DY) Raised to Strong-Buy at Zacks Research

Dycom Industries (NYSE:DY) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports. Zacks Research also issued estimates for Dycom Industries’ Q4 2027 earnings at $1.91 EPS, FY2027 earnings at $10.24 EPS and FY2028 earnings at $11.26 EPS.

A number of other equities research analysts have also weighed in on the company. Wall Street Zen upgraded Dycom Industries from a “hold” rating to a “buy” rating in a research report on Friday, August 22nd. KeyCorp upped their price target on Dycom Industries from $255.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Bank of America upped their price target on Dycom Industries from $299.00 to $310.00 and gave the company a “buy” rating in a research report on Monday, September 29th. DA Davidson upped their price target on Dycom Industries from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Dycom Industries in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $298.25.

Dycom Industries Price Performance

Dycom Industries stock opened at $295.33 on Wednesday. The stock has a market capitalization of $8.55 billion, a P/E ratio of 33.18, a price-to-earnings-growth ratio of 1.43 and a beta of 1.15. Dycom Industries has a 52 week low of $131.37 and a 52 week high of $301.88. 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 stock has a fifty day moving average of $271.25 and a 200-day moving average of $233.79.

Dycom Industries (NYSE:DY) last issued its quarterly earnings data on Wednesday, August 20th. The construction company reported $3.33 earnings per share for the quarter, topping analysts’ consensus estimates of $2.92 by $0.41. The business had revenue of $1.38 billion for 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 quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.46 EPS. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. On average, sell-side analysts expect that Dycom Industries will post 7.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in DY. OVERSEA CHINESE BANKING Corp Ltd raised its stake 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 period. Arrowstreet Capital Limited Partnership acquired a new position in Dycom Industries during the 2nd quarter worth approximately $34,671,000. Nuveen LLC acquired a new position in Dycom Industries during the 1st quarter worth approximately $21,451,000. Voya Investment Management LLC raised its stake in Dycom Industries by 1,432.2% during the 1st quarter. Voya Investment Management LLC now owns 144,883 shares of the construction company’s stock worth $22,071,000 after buying an additional 135,427 shares during the period. Finally, Hill City Capital LP raised its stake in Dycom Industries by 14.1% during the 1st quarter. Hill City Capital LP now owns 969,784 shares of the construction company’s stock worth $147,737,000 after buying an additional 120,000 shares during the period. 98.33% of the stock is owned by institutional investors and hedge funds.

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.