Dycom Industries (NYSE:DY) Reaches New 12-Month High – Should You Buy?
by Scott Moore · The Cerbat GemShares of Dycom Industries, Inc. (NYSE:DY – Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $449.19 and last traded at $447.9810, with a volume of 85124 shares traded. The stock had previously closed at $429.47.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the stock. Bank of America lifted their price objective on shares of Dycom Industries from $365.00 to $475.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. UBS Group set a $475.00 price objective on shares of Dycom Industries and gave the stock a “buy” rating in a report on Friday, March 6th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $436.00 price objective on shares of Dycom Industries in a report on Friday, March 27th. B. Riley Financial lifted their price objective on shares of Dycom Industries from $420.00 to $485.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Dycom Industries in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $431.64.
View Our Latest Stock Report on Dycom Industries
Dycom Industries Stock Down 6.9%
The company has a debt-to-equity ratio of 1.51, a current ratio of 2.74 and a quick ratio of 2.61. The firm’s fifty day moving average is $381.43 and its two-hundred day moving average is $359.62. The firm has a market cap of $12.79 billion, a price-to-earnings ratio of 44.39, a P/E/G ratio of 1.05 and a beta of 1.46.
Dycom Industries (NYSE:DY – Get Free Report) last issued its quarterly earnings results on Wednesday, March 4th. The construction company reported $2.03 EPS for the quarter, topping the consensus estimate of $1.91 by $0.12. Dycom Industries had a net margin of 5.07% and a return on equity of 21.77%. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the previous year, the business earned $1.17 earnings per share. Dycom Industries’s revenue for the quarter was up 34.4% compared to the same quarter last year. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. On average, sell-side analysts expect that Dycom Industries, Inc. will post 12.88 EPS for the current fiscal year.
Institutional Investors Weigh In On Dycom Industries
Several hedge funds and other institutional investors have recently bought and sold shares of DY. Root Financial Partners LLC purchased a new position in Dycom Industries in the 3rd quarter worth about $26,000. Kemnay Advisory Services Inc. purchased a new position in Dycom Industries in the 4th quarter worth about $30,000. Optiver Holding B.V. increased its stake in Dycom Industries by 57.1% in the 3rd quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock worth $32,000 after purchasing an additional 40 shares in the last quarter. Sound Income Strategies LLC purchased a new position in Dycom Industries in the 4th quarter worth about $32,000. Finally, CI Investments Inc. increased its stake in Dycom Industries by 259.4% in the 3rd quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock worth $34,000 after purchasing an additional 83 shares in the last quarter. 98.33% of the stock is currently owned by institutional investors.
About Dycom Industries
Dycom Industries, Inc (NYSE: DY) is a leading provider of specialty contracting services to the telecommunications industry in North America. The company delivers engineering, construction, installation and maintenance solutions for communications infrastructure, supporting a broad range of network technologies and system architectures. Dycom’s services span outside plant construction, cable placement, fiber optic deployment, wireless and wireline network engineering, as well as testing and turn-up services for voice, data and video applications.
Dycom’s customer base includes major telecommunications carriers, cable operators, utility companies and competitive local exchange carriers.