Zacks Research Brokers Increase Earnings Estimates for Dycom Industries, Inc. (NYSE:DY)

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

DY has been the topic of a number of other reports. Bank of America raised their price target on shares of Dycom Industries from $198.00 to $204.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Craig Hallum raised their price objective on Dycom Industries from $145.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. B. Riley increased their price target on Dycom Industries from $205.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. UBS Group boosted their target price on shares of Dycom Industries from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Finally, KeyCorp boosted their price objective on shares of Dycom Industries from $195.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $199.57.

Dycom Industries Stock Up 0.2 %

Shares of NYSE DY opened at $184.74 on Friday. The stock has a market capitalization of $5.38 billion, a PE ratio of 23.81, a price-to-earnings-growth ratio of 1.96 and a beta of 1.41. The company has a current ratio of 3.44, a quick ratio of 3.25 and a debt-to-equity ratio of 0.81. Dycom Industries has a 12-month low of $78.42 and a 12-month high of $196.34. The stock’s fifty day simple moving average is $178.09 and its two-hundred day simple moving average is $161.06.

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

Insiders Place Their Bets

In related news, VP Jason T. Lawson sold 856 shares of the firm’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $174.48, for a total transaction of $149,354.88. Following the sale, the vice president now owns 6,937 shares in the company, valued at $1,210,367.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 4.28% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in DY. Allspring Global Investments Holdings LLC acquired a new position in shares of Dycom Industries during the first quarter valued at approximately $28,000. GAMMA Investing LLC grew its holdings in shares of Dycom Industries by 107.8% during the second quarter. GAMMA Investing LLC now owns 293 shares of the construction company’s stock worth $49,000 after buying an additional 152 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Dycom Industries by 196.7% in the second quarter. Signaturefd LLC now owns 359 shares of the construction company’s stock worth $61,000 after buying an additional 238 shares in the last quarter. SJS Investment Consulting Inc. raised its holdings in 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 acquiring an additional 355 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Dycom Industries during the 1st quarter worth approximately $72,000. Hedge funds and other institutional investors own 98.33% of the company’s stock.

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.