DA Davidson Lifts Earnings Estimates for Dycom Industries

Dycom Industries, Inc. (NYSE:DY - Free Report) - Analysts at DA Davidson increased their FY2026 earnings per share estimates for Dycom Industries in a research report issued on Thursday, November 21st. DA Davidson analyst B. Thielman now forecasts that the construction company will post earnings per share of $9.55 for the year, up from their prior forecast of $9.47. 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 $7.96 per share.

Dycom Industries (NYSE:DY - Get Free Report) last posted its quarterly earnings results on Wednesday, August 21st. The construction company reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.20. The company 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 firm's revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.03 earnings per share.

A number of other research firms have also issued reports on DY. StockNews.com lowered Dycom Industries from a "buy" rating to a "hold" rating in a research note on Friday, July 26th. Wells Fargo & Company increased their price target on shares of Dycom Industries from $200.00 to $215.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. B. Riley raised their price objective on shares of 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 shares of Dycom Industries from $198.00 to $204.00 and gave the stock a "buy" rating in a report on Friday, August 23rd. Finally, KeyCorp raised their price target on shares of Dycom Industries from $200.00 to $227.00 and gave the company an "overweight" rating in a 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $206.13.

Dycom Industries Stock Performance

Shares of DY traded down $2.94 during mid-day trading on Friday, hitting $180.30. The stock had a trading volume of 550,127 shares, compared to its average volume of 302,846. 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 0.81, a current ratio of 3.44 and a quick ratio of 3.25. The business has a fifty day moving average price of $189.36 and a 200-day moving average price of $178.83. The firm has a market cap of $5.25 billion, a P/E ratio of 22.57, a PEG ratio of 1.68 and a beta of 1.44.

Institutional Investors Weigh In On Dycom Industries

A number of large investors have recently added to or reduced their stakes in DY. Anchor Investment Management LLC lifted its holdings in Dycom Industries by 37.6% in the 3rd quarter. Anchor Investment Management LLC now owns 267 shares of the construction company's stock worth $53,000 after buying an additional 73 shares during the period. SOA Wealth Advisors LLC. bought a new stake in Dycom Industries in the third quarter valued at $39,000. Westside Investment Management Inc. purchased a new position in Dycom Industries during the 3rd quarter valued at $41,000. Geode Capital Management LLC lifted its position in shares of Dycom Industries by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 650,883 shares of the construction company's stock worth $128,315,000 after purchasing an additional 9,113 shares during the period. Finally, Barclays PLC boosted its stake in shares of Dycom Industries by 279.0% during the 3rd quarter. Barclays PLC now owns 57,923 shares of the construction company's stock valued at $11,419,000 after purchasing an additional 42,641 shares in the last quarter. 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.