Dycom Industries (NYSE:DY) Shares Gap Down – What’s Next?

Posted by Francis Steltz on Aug 28th, 2026

Dycom Industries, Inc. (NYSE:DY – Get Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $351.80, but opened at $326.91. Dycom Industries shares last traded at $322.6070, with a volume of 485,547 shares changing hands.

Key Stories Impacting Dycom Industries

Here are the key news stories impacting Dycom Industries this week:

Positive Sentiment: Dycom reported record fiscal 2027 second-quarter results: adjusted EPS was $5.29 versus the $4.72 consensus, revenue rose 45.6% year over year to $2.01 billion, and adjusted EBITDA reached $315.5 million. The company also reported a record $12.24 billion backlog. Dycom fiscal 2027 second-quarter results
Positive Sentiment: Management raised its fiscal 2027 revenue outlook to approximately $7.5 billion-$7.7 billion, supported by strong fiber, data-center and Building Systems demand. The company said a $150 million wireless project deferral is shifting into fiscal 2028 rather than being canceled. Dycom earnings call and fiber demand
Positive Sentiment: The board authorized a new $150 million share-repurchase program, allowing Dycom to buy up to roughly 1.4% of its outstanding shares. The authorization may support per-share results and signals management believes the stock is undervalued. Dycom share-repurchase announcement
Neutral Sentiment: JPMorgan, UBS, Wells Fargo, KeyCorp and Cantor Fitzgerald all lowered their Dycom price targets following the earnings report, but each retained a positive rating ranging from “buy” to “overweight.” The revised targets still imply substantial upside, although the reductions suggest analysts are recalibrating valuation and near-term expectations. Analysts cut Dycom forecasts
Negative Sentiment: Fiscal third-quarter adjusted EPS guidance of $4.33-$4.79 is below the $4.68 consensus midpoint and was the primary reason the strong Q2 beat failed to reassure investors. Revenue guidance of $1.9 billion-$2.0 billion was broadly in line with expectations, but the wireless-work deferral is pressuring the near-term earnings outlook. Why Dycom stock declined after earnings

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Cantor Fitzgerald lowered their target price on Dycom Industries from $654.00 to $476.00 and set an “overweight” rating on the stock in a research report on Thursday. Wells Fargo & Company set a $476.00 price target on shares of Dycom Industries in a research note on Thursday. UBS Group lowered their price objective on shares of Dycom Industries from $611.00 to $525.00 and set a “buy” rating on the stock in a report on Thursday. Guggenheim raised their price objective on shares of Dycom Industries from $575.00 to $620.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Finally, KeyCorp reduced their price objective on shares of Dycom Industries from $610.00 to $423.00 and set an “overweight” rating for the company in a report on Thursday. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $514.00.

View Our Latest Report on Dycom Industries

Dycom Industries Price Performance

The firm has a market capitalization of $9.26 billion, a PE ratio of 28.04, a price-to-earnings-growth ratio of 0.55 and a beta of 1.54. The business has a 50-day moving average of $421.24 and a 200 day moving average of $414.57. The company has a current ratio of 2.35, a quick ratio of 2.46 and a debt-to-equity ratio of 1.35.

Dycom Industries (NYSE:DY – Get Free Report) last posted its quarterly earnings data on Wednesday, August 26th. The construction company reported $5.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.72 by $0.57. Dycom Industries had a net margin of 4.79% and a return on equity of 25.30%. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the firm earned $3.33 EPS. The business’s revenue for the quarter was up 45.6% compared to the same quarter last year. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. As a group, research analysts anticipate that Dycom Industries, Inc. will post 15.45 EPS for the current fiscal year.

Dycom Industries announced that its Board of Directors has approved a stock buyback plan on Wednesday, August 26th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the construction company to buy up to 1.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wilson Asset Management International PTY Ltd. bought a new position in shares of Dycom Industries in the fourth quarter valued at approximately $1,014,000. Norges Bank purchased a new stake in shares of Dycom Industries during the fourth quarter valued at approximately $19,335,000. Horizon Investments LLC lifted its holdings in Dycom Industries by 43.0% during the fourth quarter. Horizon Investments LLC now owns 16,907 shares of the construction company’s stock worth $5,713,000 after acquiring an additional 5,086 shares during the period. Royal Bank of Canada lifted its holdings in Dycom Industries by 50.1% during the first quarter. Royal Bank of Canada now owns 22,327 shares of the construction company’s stock worth $7,566,000 after acquiring an additional 7,452 shares during the period. Finally, Hillsdale Investment Management Inc. lifted its holdings in Dycom Industries by 82,666.7% during the fourth quarter. Hillsdale Investment Management Inc. now owns 24,830 shares of the construction company’s stock worth $8,390,000 after acquiring an additional 24,800 shares during the period. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

About Dycom Industries

(Get Free Report)

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.