Dycom Industries, Inc. (NYSE:DY) Receives $554.92 Consensus PT from Brokerages

Shares of Dycom Industries, Inc. (NYSE:DYGet Free Report) have been given a consensus recommendation of “Buy” by the thirteen brokerages that are presently covering the stock, Marketbeat.com reports. Eleven analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $554.9167.

DY has been the topic of several recent research reports. UBS Group restated a “buy” rating and set a $611.00 price target on shares of Dycom Industries in a research report on Friday, May 29th. KeyCorp raised their price target on Dycom Industries from $482.00 to $610.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Guggenheim raised their price target on Dycom Industries from $575.00 to $620.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Cantor Fitzgerald raised their price target on Dycom Industries from $436.00 to $654.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Finally, Zacks Research upgraded Dycom Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 8th.

View Our Latest Analysis on DY

Dycom Industries Price Performance

DY opened at $456.23 on Friday. The stock’s 50 day simple moving average is $438.30 and its 200 day simple moving average is $392.37. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.58 and a quick ratio of 2.46. Dycom Industries has a 1 year low of $230.00 and a 1 year high of $566.47. The firm has a market cap of $13.70 billion, a price-to-earnings ratio of 43.41, a PEG ratio of 0.85 and a beta of 1.49.

Dycom Industries (NYSE:DYGet Free Report) last posted its quarterly earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.73 by $1.69. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period last year, the company earned $2.09 EPS. Dycom Industries’s revenue for the quarter was up 56.1% compared to the same quarter last year. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. As a group, analysts predict that Dycom Industries will post 15.03 earnings per share for the current year.

Institutional Investors Weigh In On Dycom Industries

A number of large investors have recently made changes to their positions in the business. Pacer Advisors Inc. grew its position in shares of Dycom Industries by 41.5% in the 1st quarter. Pacer Advisors Inc. now owns 4,816 shares of the construction company’s stock worth $1,632,000 after buying an additional 1,412 shares during the last quarter. Empowered Funds LLC grew its position in shares of Dycom Industries by 2,010.0% in the 1st quarter. Empowered Funds LLC now owns 23,189 shares of the construction company’s stock worth $7,857,000 after buying an additional 22,090 shares during the last quarter. Bank of America Corp DE grew its position in shares of Dycom Industries by 6.1% in the 1st quarter. Bank of America Corp DE now owns 445,830 shares of the construction company’s stock worth $151,056,000 after buying an additional 25,564 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Dycom Industries by 221.4% in the 1st quarter. Janus Henderson Group PLC now owns 40,228 shares of the construction company’s stock worth $13,631,000 after buying an additional 27,712 shares during the last quarter. Finally, Amundi grew its position in shares of Dycom Industries by 123.5% in the 1st quarter. Amundi now owns 3,048 shares of the construction company’s stock worth $1,033,000 after buying an additional 1,684 shares during the last quarter. 98.33% of the stock is currently owned by institutional investors.

Key Dycom Industries News

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

  • Positive Sentiment: Zacks Research raised multiple forward earnings estimates for Dycom Industries, signaling stronger expected profitability over the next several years.
  • Positive Sentiment: The analyst firm kept a Strong-Buy rating, which may support investor confidence in DY.
  • Positive Sentiment: Coverage suggesting Dycom may be entering a new growth phase and the reported 38% implied upside from analyst targets could attract buyers. Article Title

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.

Further Reading

Analyst Recommendations for Dycom Industries (NYSE:DY)

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