Research Analysts Issue Forecasts for DY FY2025 Earnings

Dycom Industries, Inc. (NYSE:DY) – Equities researchers at DA Davidson raised their FY2025 EPS estimates for Dycom Industries in a research note issued to investors on Thursday, November 21st. DA Davidson analyst B. Thielman now expects that the construction company will earn $8.41 per share for the year, up from their previous estimate of $7.57. DA Davidson has a “Buy” rating and a $210.00 price objective on the stock. The consensus estimate for Dycom Industries’ current full-year earnings is $7.96 per share.

A number of other equities research analysts have also recently commented on DY. KeyCorp raised their target price on Dycom Industries from $200.00 to $227.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Bank of America raised their price objective on Dycom Industries from $198.00 to $204.00 and gave the company a “buy” rating in a report on Friday, August 23rd. B. Riley upped their target price on Dycom Industries from $205.00 to $208.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Finally, Wells Fargo & Company increased their target price on Dycom Industries from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Dycom Industries has a consensus rating of “Buy” and an average target price of $206.13.

Dycom Industries Stock Down 1.6 %

DY stock opened at $180.30 on Monday. The firm’s fifty day moving average is $189.27 and its 200 day moving average is $179.51. The firm has a market cap of $5.25 billion, a PE ratio of 23.72, a P/E/G ratio of 1.52 and a beta of 1.44. Dycom Industries has a one year low of $99.54 and a one year high of $207.20. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.25 and a current ratio of 3.12.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DY. Accent Capital Management LLC acquired a new stake in shares of Dycom Industries during the 3rd quarter worth about $25,000. Legacy Investment Solutions LLC purchased a new position in Dycom Industries in the third quarter worth approximately $28,000. Annapolis Financial Services LLC acquired a new position in shares of Dycom Industries during the third quarter worth $29,000. Anchor Investment Management LLC increased its holdings in shares of Dycom Industries by 50.4% in the 2nd quarter. Anchor Investment Management LLC now owns 194 shares of the construction company’s stock valued at $33,000 after acquiring an additional 65 shares during the last quarter. Finally, SOA Wealth Advisors LLC. purchased a new position in Dycom Industries in the third quarter valued at approximately $39,000. Hedge funds and other institutional investors own 98.33% of the company’s stock.

About Dycom Industries

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.