Zacks Research Issues Optimistic Forecast for DY Earnings

Dycom Industries, Inc. (NYSE:DY) – Stock analysts at Zacks Research increased their Q3 2027 earnings estimates for shares of Dycom Industries in a research note issued on Thursday, October 16th. Zacks Research analyst Team now expects that the construction company will post earnings of $3.25 per share for the quarter, up from their prior forecast of $3.23. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Dycom Industries’ current full-year earnings is $7.13 per share.

Several other research analysts have also recently weighed in on DY. Wells Fargo & Company upped their price target on shares of Dycom Industries from $295.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, September 26th. Bank of America upped their price target on shares of Dycom Industries from $299.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, September 29th. UBS Group upped their price target on shares of Dycom Industries from $296.00 to $336.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Dycom Industries in a research note on Wednesday, October 8th. Finally, Raymond James Financial increased their target price on Dycom Industries from $290.00 to $300.00 and gave the company a “strong-buy” rating in a research note on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $301.38.

Dycom Industries Trading Up 1.2%

Dycom Industries stock opened at $296.07 on Monday. The stock has a market cap of $8.57 billion, a P/E ratio of 33.27, a PEG ratio of 1.40 and a beta of 1.15. Dycom Industries has a fifty-two week low of $131.37 and a fifty-two week high of $301.88. The firm’s fifty day moving average price is $271.93 and its 200-day moving average price is $236.99. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.96 and a current ratio of 3.16.

Dycom Industries (NYSE:DY) last released its quarterly earnings results on Wednesday, August 20th. The construction company reported $3.33 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.41. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Dycom Industries had a net margin of 5.23% and a return on equity of 21.17%. The business’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the firm 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.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DY. OVERSEA CHINESE BANKING Corp Ltd boosted its position 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 buying an additional 425,652 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of Dycom Industries during the second quarter valued at about $34,671,000. Nuveen LLC bought a new position in shares of Dycom Industries during the first quarter valued at about $21,451,000. Voya Investment Management LLC grew its stake in shares of Dycom Industries by 1,432.2% during the first quarter. Voya Investment Management LLC now owns 144,883 shares of the construction company’s stock valued at $22,071,000 after buying an additional 135,427 shares during the last quarter. Finally, Hill City Capital LP grew its stake in shares of 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 buying an additional 120,000 shares during the last quarter. Institutional investors own 98.33% of the company’s stock.

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.