DA Davidson Predicts Higher Earnings for Dycom Industries

Dycom Industries, Inc. (NYSE:DY) – Equities researchers at DA Davidson raised their FY2026 earnings per share (EPS) estimates for Dycom Industries in a report released on Thursday, November 21st. DA Davidson analyst B. Thielman now forecasts that the construction company will post earnings of $9.55 per share for the year, up from their prior forecast of $9.47. DA Davidson currently has a “Buy” rating and a $210.00 target price on the stock. The consensus estimate for Dycom Industries’ current full-year earnings is $7.96 per share.

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

Dycom Industries Trading Down 1.6 %

Shares of Dycom Industries stock opened at $180.30 on Friday. Dycom Industries has a 52-week low of $99.54 and a 52-week high of $207.20. The stock has a market cap of $5.25 billion, a PE ratio of 23.72, a PEG ratio of 1.52 and a beta of 1.44. The firm has a 50-day moving average of $189.27 and a 200-day moving average of $179.07. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.25 and a current ratio of 3.12.

Dycom Industries (NYSE:DY) last issued its quarterly earnings data on Wednesday, August 21st. The construction company reported $2.46 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.20. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.20 billion. Dycom Industries had a return on equity of 20.99% and a net margin of 4.91%. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.03 EPS.

Institutional Trading of Dycom Industries

Large investors have recently bought and sold shares of the business. Accent Capital Management LLC acquired a new stake in Dycom Industries in the third quarter valued at approximately $25,000. Annapolis Financial Services LLC bought a new stake in Dycom Industries during the 3rd quarter worth $29,000. Legacy Investment Solutions LLC acquired a new position in Dycom Industries in the 3rd quarter worth about $28,000. Anchor Investment Management LLC raised its position in Dycom Industries by 50.4% in the second quarter. Anchor Investment Management LLC now owns 194 shares of the construction company’s stock valued at $33,000 after purchasing an additional 65 shares during the last quarter. Finally, SOA Wealth Advisors LLC. bought a new stake in shares of Dycom Industries during the third quarter worth about $39,000. 98.33% of the stock is owned by institutional investors and hedge funds.

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.