Dycom Industries (NYSE:DY) Cut to Buy at Wall Street Zen

Posted by Brenda Bartman on Jul 28th, 2026

Wall Street Zen downgraded shares of Dycom Industries (NYSE:DY – Free Report) from a strong-buy rating to a buy rating in a research note published on Saturday.

Other analysts have also recently issued reports about the company. Wedbush set a $654.00 target price on Dycom Industries in a research note on Friday, May 29th. Guggenheim upped their price target on shares of Dycom Industries from $575.00 to $620.00 and gave the company a “buy” rating in a report on Thursday, May 28th. B. Riley Financial increased their price objective on shares of Dycom Industries from $485.00 to $625.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. UBS Group restated a “buy” rating on shares of Dycom Industries in a report on Friday. Finally, KeyCorp upped their target price on shares of Dycom Industries from $482.00 to $610.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Two analysts have rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $554.92.

View Our Latest Stock Report on Dycom Industries

Dycom Industries Stock Down 1.3%

NYSE:DY opened at $424.11 on Friday. Dycom Industries has a 1 year low of $233.00 and a 1 year high of $566.47. The company has a current ratio of 2.58, a quick ratio of 2.46 and a debt-to-equity ratio of 1.48. The stock has a market cap of $12.74 billion, a price-to-earnings ratio of 40.35, a PEG ratio of 0.76 and a beta of 1.50. The stock has a 50-day moving average price of $452.22 and a two-hundred day moving average price of $410.08.

Dycom Industries (NYSE:DY – Get Free Report) last announced 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. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.67 billion. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.The company’s revenue for the quarter was up 56.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.09 earnings per share. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. As a group, equities analysts expect that Dycom Industries will post 15.45 earnings per share for the current year.

Hedge Funds Weigh In On Dycom Industries

Several hedge funds have recently made changes to their positions in DY. Whitener Capital Management Inc. acquired a new stake in shares of Dycom Industries in the second quarter valued at approximately $589,000. Handelsbanken Fonder AB boosted its holdings in Dycom Industries by 22.4% during the second quarter. Handelsbanken Fonder AB now owns 9,851 shares of the construction company’s stock worth $4,981,000 after purchasing an additional 1,800 shares during the last quarter. Fulton Bank N.A. boosted its holdings in Dycom Industries by 4.8% during the second quarter. Fulton Bank N.A. now owns 3,019 shares of the construction company’s stock worth $1,526,000 after purchasing an additional 138 shares during the last quarter. Contravisory Investment Management Inc. grew its position in Dycom Industries by 39,655.6% in the second quarter. Contravisory Investment Management Inc. now owns 17,890 shares of the construction company’s stock valued at $9,045,000 after purchasing an additional 17,845 shares in the last quarter. Finally, World Equity Group Inc. bought a new position in Dycom Industries in the second quarter valued at $255,000. 98.33% of the stock is owned by 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.