Dycom Industries (NYSE:DY) Upgraded at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of Dycom Industries (NYSE:DY – Free Report) from a buy rating to a strong-buy rating in a research report report published on Sunday morning.

A number of other analysts also recently issued reports on DY. Weiss Ratings reissued a “buy (b)” rating on shares of Dycom Industries in a research report on Wednesday, October 8th. Zacks Research upgraded Dycom Industries from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. JPMorgan Chase & Co. boosted their price objective on Dycom Industries from $275.00 to $370.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. DA Davidson upped their price objective on shares of Dycom Industries from $300.00 to $390.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Finally, Raymond James Financial lifted their target price on shares of Dycom Industries from $290.00 to $300.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $371.25.

Read Our Latest Stock Report on Dycom Industries

Dycom Industries Stock Performance

NYSE DY opened at $348.47 on Friday. Dycom Industries has a 52-week low of $131.37 and a 52-week high of $350.87. The company has a 50-day simple moving average of $291.71 and a 200 day simple moving average of $262.12. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.96 and a current ratio of 3.16. The company has a market capitalization of $10.09 billion, a PE ratio of 39.15, a price-to-earnings-growth ratio of 1.38 and a beta of 1.23.

Dycom Industries (NYSE:DY – Get Free Report) last released its earnings results on Wednesday, November 19th. The construction company reported $3.63 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.48. Dycom Industries had a net margin of 5.23% and a return on equity of 21.17%. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the previous year, the company earned $2.68 earnings per share. The company’s quarterly revenue was up 14.2% on a year-over-year basis. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. FY 2026 guidance at EPS. On average, research analysts predict that Dycom Industries will post 7.13 EPS for the current year.

Institutional Investors Weigh In On Dycom Industries

Institutional investors and hedge funds have recently modified their holdings of the company. CWM LLC boosted its position in shares of Dycom Industries by 40.7% in the first quarter. CWM LLC now owns 785 shares of the construction company’s stock valued at $120,000 after acquiring an additional 227 shares during the period. Y Intercept Hong Kong Ltd lifted its stake in Dycom Industries by 15.4% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 4,822 shares of the construction company’s stock worth $735,000 after purchasing an additional 643 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Dycom Industries in the 1st quarter valued at $483,000. Avantax Advisory Services Inc. boosted its holdings in Dycom Industries by 15.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 2,109 shares of the construction company’s stock valued at $321,000 after purchasing an additional 286 shares during the period. Finally, Cetera Investment Advisers purchased a new position in shares of Dycom Industries during the 1st quarter valued at $387,000. 98.33% of the stock is owned by hedge funds and other institutional investors.

About Dycom Industries

(Get Free Report)

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.

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