DA Davidson Boosts Earnings Estimates for Dycom Industries

Dycom Industries, Inc. (NYSE:DY) – Equities research analysts at DA Davidson raised their FY2026 earnings per share (EPS) estimates for Dycom Industries in a research note issued to investors on Thursday, November 21st. DA Davidson analyst B. Thielman now anticipates 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 has a “Buy” rating and a $210.00 price target 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 also recently commented on the company. B. Riley increased their price objective on Dycom Industries from $205.00 to $208.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Bank of America upped their target price on Dycom Industries from $198.00 to $204.00 and gave the company a “buy” rating in a report on Friday, August 23rd. StockNews.com cut Dycom Industries from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Wells Fargo & Company upped their price objective 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. Finally, KeyCorp lifted their target price on shares of Dycom Industries from $200.00 to $227.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $206.13.

Dycom Industries Stock Down 1.7 %

DY stock opened at $180.14 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 firm has a market cap of $5.24 billion, a PE ratio of 22.57, a P/E/G ratio of 1.68 and a beta of 1.44. Dycom Industries has a 12 month low of $99.54 and a 12 month high of $207.20. The firm has a 50 day simple moving average of $189.36 and a 200 day simple moving average of $178.83.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. lifted its position in Dycom Industries by 2,353.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 158,988 shares of the construction company’s stock worth $26,831,000 after buying an additional 152,509 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Dycom Industries by 2,543.6% in the second quarter. Renaissance Technologies LLC now owns 103,100 shares of the construction company’s stock worth $17,399,000 after acquiring an additional 99,200 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Dycom Industries during the third quarter worth $19,424,000. Millennium Management LLC boosted its position in Dycom Industries by 6.3% during the second quarter. Millennium Management LLC now owns 1,631,453 shares of the construction company’s stock valued at $275,324,000 after purchasing an additional 96,846 shares during the last quarter. Finally, Appian Way Asset Management LP grew its stake in Dycom Industries by 84.2% in the first quarter. Appian Way Asset Management LP now owns 197,364 shares of the construction company’s stock valued at $28,328,000 after purchasing an additional 90,198 shares in the last quarter. 98.33% of the stock is owned by hedge funds and other institutional investors.

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.