Dycom Industries (NYSE:DY) Downgraded by Wall Street Zen to Hold

20 Sep 2026, 02:36 by Doug Wharley · The Cerbat Gem

Wall Street Zen cut shares of Dycom Industries (NYSE:DY – Free Report) from a buy rating to a hold rating in a research note released on Saturday morning,Wall Street Zen reports.

A number of other analysts have also issued reports on DY. Zacks Research lowered Dycom Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. KeyCorp dropped their price objective on shares of Dycom Industries from $610.00 to $423.00 and set an “overweight” rating for the company in a research note on Thursday, August 27th. 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 report on Thursday, May 28th. Wells Fargo & Company set a $476.00 target price on shares of Dycom Industries in a research report on Thursday, August 27th. Finally, Raymond James Financial set a $375.00 target price on shares of Dycom Industries in a report on Thursday, September 3rd. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Dycom Industries currently has an average rating of “Moderate Buy” and a consensus target price of $502.42.

Read Our Latest Report on Dycom Industries

Dycom Industries Stock Performance

Shares of DY opened at $291.17 on Friday. Dycom Industries has a 1 year low of $266.09 and a 1 year high of $566.47. The company’s 50 day simple moving average is $368.31 and its 200 day simple moving average is $400.23. The company has a market capitalization of $8.78 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 0.51 and a beta of 1.49. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.24 and a current ratio of 2.35.

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 for the quarter, beating the consensus estimate of $4.72 by $0.57. Dycom Industries had a return on equity of 25.30% and a net margin of 4.79%.The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the firm posted $3.33 EPS. Dycom Industries’s revenue was up 45.6% on a year-over-year basis. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. On average, sell-side analysts predict that Dycom Industries will post 15.82 EPS for the current year.

Dycom Industries declared that its Board of Directors has authorized a share repurchase plan on Wednesday, August 26th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 1.4% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Activity

In other Dycom Industries news, Director David Fallon acquired 700 shares of the company’s stock in a transaction dated Tuesday, September 1st. The stock was bought at an average price of $286.92 per share, with a total value of $200,844.00. Following the completion of the transaction, the director directly owned 1,043 shares of the company’s stock, valued at approximately $299,257.56. The trade was a 204.08% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.22% of the stock is owned by insiders.

Institutional Trading of Dycom Industries

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in Dycom Industries in the second quarter valued at about $1,513,523,000. Hill City Capital LP purchased a new stake in shares of Dycom Industries in the second quarter worth about $510,536,693. First Trust Advisors LP grew its stake in shares of Dycom Industries by 27.8% in the first quarter. First Trust Advisors LP now owns 798,699 shares of the construction company’s stock valued at $270,615,000 after buying an additional 173,528 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Dycom Industries by 8.0% in the fourth quarter. Geode Capital Management LLC now owns 727,238 shares of the construction company’s stock valued at $245,771,000 after buying an additional 53,993 shares in the last quarter. Finally, Bank of America Corp DE purchased a new stake in shares of Dycom Industries during the 2nd quarter valued at about $270,174,000. 98.33% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Dycom Industries

Here are the key news stories impacting Dycom Industries this week:

Positive Sentiment: Zacks Research raised its FY2027 EPS forecast to $16.38 from $15.18, while making smaller increases to Q3 and Q4 2027 estimates. The firm also lifted its Q1 2029 forecast to $4.93 from $4.79 and its Q2 2029 forecast to $5.95 from $5.86, signaling stronger expected earnings in several periods. Zacks nevertheless maintained a Hold rating. Dycom Industries analyst estimates
Positive Sentiment: Guggenheim reaffirmed its Buy rating, providing continued support for the stock’s bullish investment case. Guggenheim Reaffirms Buy Rating for Dycom Industries
Neutral Sentiment: Recent coverage remains divided: Zacks Research rates Dycom Hold, while another report discussed whether the shares may be trading at a discount. This suggests valuation remains an important consideration after the stock’s substantial prior gains and subsequent pullback. Do You Think Dycom Industries is Trading at a Discount?
Negative Sentiment: Zacks reduced its FY2028 EPS forecast to $19.04 from $19.71, cutting estimates for Q1, Q2 and Q3 2028. The revisions indicate some moderation in longer-term earnings expectations despite the FY2027 upgrades.
Negative Sentiment: Wall Street Zen downgraded Dycom Industries to Hold, adding a more cautious signal to the analyst commentary. Wall Street Zen Downgrades Dycom Industries to Hold

About Dycom Industries

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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.