Shares of Dycom Industries, Inc. (NYSE:DY – Get 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
Dycom Industries (NYSE:DY – Get 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
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.
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