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

Posted by George Bondi on Jul 29th, 2026

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

Several other analysts also recently weighed in on DY. Weiss Ratings upgraded Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, July 6th. Cantor Fitzgerald boosted their price target on Dycom Industries from $436.00 to $654.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. UBS Group reiterated a “buy” rating on shares of Dycom Industries in a research note on Friday. KeyCorp increased their price target on Dycom Industries from $482.00 to $610.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Finally, Guggenheim raised their price objective on Dycom Industries from $575.00 to $620.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Dycom Industries presently has a consensus rating of “Buy” and an average target price of $554.92.

Read Our Latest Report on DY

Dycom Industries Price Performance

Shares of DY stock opened at $400.80 on Monday. The firm has a fifty day simple moving average of $451.98 and a 200-day simple moving average of $410.41. The company has a market capitalization of $12.04 billion, a PE ratio of 38.13, a price-to-earnings-growth ratio of 0.75 and a beta of 1.50. Dycom Industries has a twelve month low of $233.00 and a twelve month 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.

Dycom Industries (NYSE:DY – Get Free Report) last released 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 net margin of 4.98% and a return on equity of 24.13%. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the previous year, the firm posted $2.09 EPS. The firm’s quarterly revenue was up 56.1% on a year-over-year basis. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. Equities research analysts anticipate that Dycom Industries will post 15.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of DY. Wilson Asset Management International PTY Ltd. acquired a new stake in Dycom Industries during the fourth quarter worth about $1,014,000. Norges Bank acquired a new position in Dycom Industries in the fourth quarter valued at approximately $19,335,000. Horizon Investments LLC boosted its stake in Dycom Industries by 43.0% in the fourth quarter. Horizon Investments LLC now owns 16,907 shares of the construction company’s stock valued at $5,713,000 after acquiring an additional 5,086 shares during the period. Hillsdale Investment Management Inc. grew its holdings in shares of 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 valued at $8,390,000 after purchasing an additional 24,800 shares during the last quarter. Finally, SteelPeak Wealth LLC bought a new position in shares of Dycom Industries during the fourth quarter valued at approximately $2,208,000. 98.33% of the stock is owned by institutional investors and hedge funds.

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.