DA Davidson Has Bullish Forecast for DY FY2025 Earnings

Dycom Industries, Inc. (NYSE:DY) – Equities researchers at DA Davidson boosted their FY2025 earnings per share estimates for Dycom Industries in a research note issued on Thursday, November 21st. DA Davidson analyst B. Thielman now forecasts that the construction company will post earnings of $8.41 per share for the year, up from their prior forecast of $7.57. 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 $8.10 per share.

Several other brokerages also recently issued reports on DY. KeyCorp raised their price target on Dycom Industries from $200.00 to $227.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. B. Riley raised their target price on Dycom Industries from $205.00 to $208.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Wells Fargo & Company increased their price objective on Dycom Industries from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, Bank of America raised their price objective 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $206.13.

Dycom Industries Stock Up 0.7 %

Shares of Dycom Industries stock opened at $181.58 on Monday. The firm has a market cap of $5.30 billion, a price-to-earnings ratio of 23.89, a P/E/G ratio of 1.47 and a beta of 1.44. The stock has a 50-day simple moving average of $189.27 and a 200-day simple moving average of $179.51. Dycom Industries has a 52-week low of $99.54 and a 52-week high of $207.20. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.12 and a quick ratio of 2.93.

Institutional Investors Weigh In On Dycom Industries

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Dycom Industries by 0.4% in the first quarter. Vanguard Group Inc. now owns 3,196,041 shares of the construction company’s stock valued at $458,728,000 after purchasing an additional 12,395 shares during the period. Millennium Management LLC increased its stake in shares of Dycom Industries by 6.3% in the second quarter. Millennium Management LLC now owns 1,631,453 shares of the construction company’s stock valued at $275,324,000 after buying an additional 96,846 shares during the period. State Street Corp increased its stake in shares of Dycom Industries by 4.0% in the third quarter. State Street Corp now owns 1,158,585 shares of the construction company’s stock valued at $228,357,000 after buying an additional 44,321 shares during the period. FMR LLC raised its position in shares of Dycom Industries by 2.4% during the third quarter. FMR LLC now owns 772,666 shares of the construction company’s stock worth $152,292,000 after acquiring an additional 17,862 shares during the last quarter. Finally, Hill City Capital LP boosted its holdings in Dycom Industries by 2.3% in the third quarter. Hill City Capital LP now owns 679,784 shares of the construction company’s stock valued at $133,985,000 after acquiring an additional 15,000 shares during the last quarter. 98.33% of the stock is owned by institutional investors.

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.