Dycom Industries, Inc. (NYSE:DY – Free Report) – Equities research analysts at Zacks Research raised their Q3 2027 earnings estimates for shares of Dycom Industries in a research report issued on Wednesday, September 16th. Zacks Research analyst Team now forecasts that the construction company will earn $4.43 per share for the quarter, up from their prior forecast of $4.42. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Dycom Industries’ current full-year earnings is $15.82 per share. Zacks Research also issued estimates for Dycom Industries’ Q4 2027 earnings at $2.79 EPS, FY2027 earnings at $16.38 EPS, Q1 2028 earnings at $3.86 EPS, Q2 2028 earnings at $5.75 EPS, Q3 2028 earnings at $5.93 EPS, Q4 2028 earnings at $3.48 EPS, FY2028 earnings at $19.04 EPS, Q1 2029 earnings at $4.93 EPS and Q2 2029 earnings at $5.95 EPS.
Other research analysts have also recently issued research reports about the company. Wedbush set a $654.00 price target on Dycom Industries in a research report on Friday, May 29th. KeyCorp raised their target price on shares of Dycom Industries from $423.00 to $429.00 and gave the company an “overweight” rating in a report on Monday. Weiss Ratings cut shares of Dycom Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Wells Fargo & Company set a $476.00 price target on shares of Dycom Industries in a report on Thursday, August 27th. Finally, Wall Street Zen cut shares of Dycom Industries from a “buy” rating to a “hold” rating in a research note on Saturday. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $502.92.
Dycom Industries Stock Performance
NYSE:DY opened at $282.47 on Monday. The company has a market cap of $8.52 billion, a price-to-earnings ratio of 25.70, a PEG ratio of 0.50 and a beta of 1.49. Dycom Industries has a fifty-two week low of $266.84 and a fifty-two week high of $566.47. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.24 and a current ratio of 2.35. The stock has a fifty day moving average price of $363.19 and a 200-day moving average price of $398.57.
Dycom Industries (NYSE:DY – Get Free Report) last issued its quarterly earnings results on Wednesday, August 26th. The construction company reported $5.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.72 by $0.57. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Dycom Industries had a return on equity of 25.30% and a net margin of 4.79%.The firm’s revenue for the quarter was up 45.6% compared to the same quarter last year. During the same period in the previous year, the company posted $3.33 earnings per share. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS.
Hedge Funds Weigh In On Dycom Industries
A number of institutional investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC lifted its stake in Dycom Industries by 25.2% in the 2nd quarter. Tidal Investments LLC now owns 48,093 shares of the construction company’s stock valued at $24,315,000 after purchasing an additional 9,691 shares during the last quarter. WINTON GROUP Ltd grew its stake in shares of Dycom Industries by 173.3% during the second quarter. WINTON GROUP Ltd now owns 1,640 shares of the construction company’s stock worth $829,000 after buying an additional 1,040 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Dycom Industries during the second quarter worth $91,000. NewEdge Advisors LLC increased its holdings in shares of Dycom Industries by 1,124.4% during the second quarter. NewEdge Advisors LLC now owns 551 shares of the construction company’s stock worth $279,000 after buying an additional 506 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in shares of Dycom Industries by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 8,283 shares of the construction company’s stock valued at $4,188,000 after acquiring an additional 44 shares during the last quarter. 98.33% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, Director David Fallon bought 700 shares of the company’s stock in a transaction dated Tuesday, September 1st. The stock was purchased at an average price of $286.92 per share, with a total value of $200,844.00. Following the completion of the acquisition, the director owned 1,043 shares of the company’s stock, valued at $299,257.56. The trade was a 204.08% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.22% of the company’s stock.
Dycom Industries announced that its board has authorized a stock buyback plan on Wednesday, August 26th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the construction company to reacquire up to 1.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.
Dycom Industries Company Profile
Dycom Industries, Inc is a specialty contractor that provides infrastructure construction and maintenance services for the telecommunications and utility industries. The company supports the expansion, upgrade and upkeep of communications networks, including fiber-optic, broadband, wireless and other voice and data systems.
Its services include engineering and design, aerial and underground construction, fiber and cable installation, wireless infrastructure deployment, network maintenance, utility locating, vegetation management and emergency restoration.
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