Dycom Industries, Inc. (NYSE:DY – Get Free Report) has been assigned an average recommendation of “Buy” from the thirteen brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $554.9167.
A number of analysts have weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of Dycom Industries from $415.00 to $650.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Wedbush set a $654.00 target price on shares of Dycom Industries in a report on Friday, May 29th. Cantor Fitzgerald increased their target price on shares of Dycom Industries from $436.00 to $654.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. UBS Group reiterated a “buy” rating on shares of Dycom Industries in a research note on Friday, July 24th. Finally, Guggenheim boosted their price target on shares of Dycom Industries from $575.00 to $620.00 and gave the company a “buy” rating in a research report on Thursday, May 28th.
Check Out Our Latest Analysis on Dycom Industries
Dycom Industries Trading Up 2.1%
Dycom Industries (NYSE:DY – Get Free Report) last issued its earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share for the quarter, topping the consensus estimate of $2.73 by $1.69. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.67 billion. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.The business’s quarterly revenue was up 56.1% on a year-over-year basis. During the same quarter last year, the company earned $2.09 EPS. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. As a group, analysts anticipate that Dycom Industries will post 15.45 earnings per share for the current fiscal year.
Institutional Trading of Dycom Industries
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Kemnay Advisory Services Inc. acquired a new stake in shares of Dycom Industries in the 4th quarter valued at about $30,000. Sound Income Strategies LLC purchased a new position in Dycom Industries during the 4th quarter worth approximately $32,000. Acumen Wealth Advisors LLC acquired a new position in Dycom Industries during the fourth quarter worth approximately $35,000. Legacy Wealth Managment LLC ID acquired a new position in Dycom Industries during the fourth quarter worth approximately $39,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Dycom Industries by 73.1% in the second quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock valued at $39,000 after buying an additional 68 shares during the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.
Dycom Industries Company Profile
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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