DA Davidson Reiterates Buy Rating for Dycom Industries (NYSE:DY)

DA Davidson reiterated their buy rating on shares of Dycom Industries (NYSE:DY) in a research report released on Tuesday,Benzinga reports. The brokerage currently has a $210.00 price objective on the construction company’s stock. DA Davidson also issued estimates for Dycom Industries’ FY2026 earnings at $9.55 EPS.

A number of other research analysts have also recently issued reports on DY. Wells Fargo & Company lifted their target price on shares of Dycom Industries from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. StockNews.com cut Dycom Industries from a “buy” rating to a “hold” rating in a report on Friday, July 26th. KeyCorp lifted their price target on Dycom Industries from $200.00 to $227.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. B. Riley increased their price objective on shares of Dycom Industries from $205.00 to $208.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Finally, Bank of America boosted their target price on shares of Dycom Industries from $198.00 to $204.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $206.13.

Dycom Industries Price Performance

Shares of NYSE:DY opened at $180.14 on Tuesday. The business’s 50 day moving average is $189.36 and its 200-day moving average is $178.83. The company has a current ratio of 3.44, a quick ratio of 3.25 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $5.24 billion, a PE ratio of 22.57, a PEG ratio of 1.68 and a beta of 1.44. Dycom Industries has a 1-year low of $99.54 and a 1-year high of $207.20.

Dycom Industries (NYSE:DY) last posted its earnings results on Wednesday, August 21st. The construction company reported $2.46 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.20. Dycom Industries had a net margin of 5.37% and a return on equity of 22.28%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the firm posted $2.03 earnings per share. The firm’s revenue for the quarter was up 15.5% on a year-over-year basis. Sell-side analysts predict that Dycom Industries will post 7.96 earnings per share for the current year.

Hedge Funds Weigh In On Dycom Industries

A number of large investors have recently modified their holdings of the business. Ironwood Investment Management LLC boosted its stake in shares of Dycom Industries by 0.4% during the 2nd quarter. Ironwood Investment Management LLC now owns 14,625 shares of the construction company’s stock worth $2,468,000 after acquiring an additional 58 shares during the period. First Horizon Advisors Inc. lifted its holdings in Dycom Industries by 25.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 291 shares of the construction company’s stock valued at $57,000 after purchasing an additional 59 shares during the last quarter. Anchor Investment Management LLC boosted its position in Dycom Industries by 50.4% during the second quarter. Anchor Investment Management LLC now owns 194 shares of the construction company’s stock worth $33,000 after purchasing an additional 65 shares during the period. Somerset Trust Co increased its holdings in shares of Dycom Industries by 1.6% in the second quarter. Somerset Trust Co now owns 4,448 shares of the construction company’s stock valued at $751,000 after purchasing an additional 68 shares during the last quarter. Finally, HighTower Advisors LLC raised its position in shares of Dycom Industries by 4.5% in the third quarter. HighTower Advisors LLC now owns 1,858 shares of the construction company’s stock valued at $366,000 after purchasing an additional 80 shares during the period. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Dycom Industries Company Profile

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.