Dycom Industries (NYSE:DY) Rating Lowered to “Hold” at Zacks Research

Dycom Industries (NYSE:DY) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Several other analysts also recently commented on the company. Wells Fargo & Company raised their price objective on Dycom Industries from $315.00 to $360.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Dycom Industries in a research report on Wednesday, October 8th. UBS Group increased their target price on Dycom Industries from $373.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, January 12th. KeyCorp raised their price target on shares of Dycom Industries from $320.00 to $392.00 and gave the company an “overweight” rating in a report on Friday, November 21st. Finally, JPMorgan Chase & Co. boosted their target price on Dycom Industries from $275.00 to $370.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Dycom Industries currently has an average rating of “Buy” and an average price target of $379.67.

Dycom Industries Trading Down 1.3%

Dycom Industries stock opened at $365.79 on Monday. Dycom Industries has a 52 week low of $131.37 and a 52 week high of $379.89. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.90 and a current ratio of 3.09. The company has a 50 day moving average price of $343.29 and a 200 day moving average price of $296.78. The firm has a market capitalization of $10.59 billion, a price-to-earnings ratio of 36.00, a P/E/G ratio of 1.91 and a beta of 1.34.

Dycom Industries (NYSE:DY) last released its quarterly earnings data on Wednesday, November 19th. The construction company reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.48. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.41 billion. Dycom Industries had a return on equity of 22.21% and a net margin of 5.75%.The company’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.68 earnings per share. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. Research analysts forecast that Dycom Industries will post 7.13 EPS for the current year.

Insider Buying and Selling at Dycom Industries

In other news, Director Eitan Gertel sold 3,645 shares of the business’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $345.62, for a total transaction of $1,259,784.90. Following the transaction, the director directly owned 15,997 shares in the company, valued at $5,528,883.14. The trade was a 18.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.72% of the stock is currently owned by insiders.

Institutional Trading of Dycom Industries

Hedge funds and other institutional investors have recently bought and sold shares of the company. Root Financial Partners LLC purchased a new stake in Dycom Industries during the third quarter valued at about $26,000. Optiver Holding B.V. boosted its holdings in shares of Dycom Industries by 57.1% in the 3rd quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock valued at $32,000 after buying an additional 40 shares during the period. CI Investments Inc. raised its stake in Dycom Industries by 259.4% during the third quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock worth $34,000 after acquiring an additional 83 shares during the period. Salomon & Ludwin LLC acquired a new position in Dycom Industries during the 3rd quarter valued at approximately $37,000. Finally, UMB Bank n.a. grew its position in shares of Dycom Industries by 57.3% during the third quarter. UMB Bank n.a. now owns 129 shares of the construction company’s stock worth $38,000 after acquiring an additional 47 shares during the last quarter. 98.33% of the stock is owned by hedge funds and other institutional investors.

About Dycom Industries

Dycom Industries, Inc (NYSE: DY) is a leading provider of specialty contracting services to the telecommunications industry in North America. The company delivers engineering, construction, installation and maintenance solutions for communications infrastructure, supporting a broad range of network technologies and system architectures. Dycom’s services span outside plant construction, cable placement, fiber optic deployment, wireless and wireline network engineering, as well as testing and turn-up services for voice, data and video applications.

Dycom’s customer base includes major telecommunications carriers, cable operators, utility companies and competitive local exchange carriers.