DA Davidson Boosts Earnings Estimates for Dycom Industries

Dycom Industries, Inc. (NYSE:DY) – Analysts at DA Davidson increased their FY2026 earnings estimates for Dycom Industries in a report issued on Thursday, November 21st. DA Davidson analyst B. Thielman now expects that the construction company will post earnings of $9.55 per share for the year, up from their previous 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.

Several other analysts also recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Dycom Industries from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. B. Riley increased their target price on shares of Dycom Industries from $205.00 to $208.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Bank of America lifted their price target on shares of Dycom Industries from $198.00 to $204.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Finally, KeyCorp increased their price objective 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 research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Dycom Industries presently has a consensus rating of “Buy” and an average target price of $206.13.

Dycom Industries Trading Down 1.6 %

NYSE DY opened at $180.30 on Friday. Dycom Industries has a one year low of $99.54 and a one year 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 3.25. The business has a 50 day simple moving average of $189.27 and a 200 day simple moving average of $179.07. The stock has a market capitalization of $5.25 billion, a P/E ratio of 23.72, a P/E/G ratio of 1.52 and a beta of 1.44.

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, beating analysts’ consensus estimates of $2.26 by $0.20. Dycom Industries had a return on equity of 20.99% and a net margin of 4.91%. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the business earned $2.03 EPS. The firm’s revenue was up 15.5% compared to the same quarter last year.

Institutional Investors Weigh In On Dycom Industries

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