Zacks Research Comments on Dycom Industries, Inc.’s FY2027 Earnings (NYSE:DY)

Dycom Industries, Inc. (NYSE:DY) – Equities research analysts at Zacks Research boosted their FY2027 earnings per share estimates for shares of Dycom Industries in a report released on Wednesday, September 11th. Zacks Research analyst A. Gupta now forecasts that the construction company will earn $9.95 per share for the year, up from their previous estimate of $9.06. The consensus estimate for Dycom Industries’ current full-year earnings is $8.02 per share.

Several other research analysts also recently commented on the company. StockNews.com downgraded Dycom Industries from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. UBS Group increased their price objective on Dycom Industries from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. KeyCorp increased their price objective on Dycom Industries from $195.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Craig Hallum increased their price objective on Dycom Industries from $145.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Finally, Raymond James increased their price objective on Dycom Industries from $143.00 to $195.00 and gave the company a “strong-buy” rating in a research note on Thursday, May 23rd. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $199.57.

Dycom Industries Trading Up 0.2 %

Shares of DY stock opened at $184.74 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.44 and a quick ratio of 3.25. The company has a market cap of $5.38 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 1.96 and a beta of 1.41. The stock has a 50 day simple moving average of $178.40 and a 200-day simple moving average of $161.50. Dycom Industries has a 1-year low of $78.42 and a 1-year high of $196.34.

Dycom Industries (NYSE:DY) last announced its earnings results on Wednesday, August 21st. The construction company reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.20. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. Dycom Industries had a return on equity of 22.28% and a net margin of 5.37%. The business’s quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.03 EPS.

Hedge Funds Weigh In On Dycom Industries

Hedge funds and other institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new position in shares of Dycom Industries in the 1st quarter valued at about $28,000. GAMMA Investing LLC boosted its stake in shares of Dycom Industries by 107.8% in the 2nd quarter. GAMMA Investing LLC now owns 293 shares of the construction company’s stock valued at $49,000 after buying an additional 152 shares during the period. SJS Investment Consulting Inc. boosted its stake in shares of Dycom Industries by 5,071.4% in the 2nd quarter. SJS Investment Consulting Inc. now owns 362 shares of the construction company’s stock valued at $61,000 after buying an additional 355 shares during the period. Signaturefd LLC boosted its stake in shares of Dycom Industries by 196.7% in the 2nd quarter. Signaturefd LLC now owns 359 shares of the construction company’s stock valued at $61,000 after buying an additional 238 shares during the period. Finally, Headlands Technologies LLC purchased a new position in shares of Dycom Industries in the 1st quarter valued at about $72,000. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Dycom Industries

In other news, VP Jason T. Lawson sold 856 shares of the stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $174.48, for a total transaction of $149,354.88. Following the completion of the transaction, the vice president now directly owns 6,937 shares in the company, valued at approximately $1,210,367.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 4.28% 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.