Equities Analysts Offer Predictions for DY FY2025 Earnings

Dycom Industries, Inc. (NYSE:DY - Free Report) - Stock analysts at DA Davidson boosted their FY2025 EPS estimates for shares of 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 per share of $8.41 for the year, up from their prior estimate of $7.57. 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 $8.10 per share.

A number of other analysts also recently commented on DY. B. Riley increased their price objective on shares of Dycom Industries from $205.00 to $208.00 and gave the company a "buy" rating in a report on Thursday, August 22nd. KeyCorp increased their price objective 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. Wells Fargo & Company increased their price objective on shares of Dycom Industries from $200.00 to $215.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Finally, Bank of America increased their price objective 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. One 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 company's stock. According to data from MarketBeat, Dycom Industries presently has a consensus rating of "Buy" and an average price target of $206.13.

Dycom Industries Price Performance

Dycom Industries stock traded up $2.94 during midday trading on Monday, reaching $183.24. The company had a trading volume of 158,387 shares, compared to its average volume of 302,212. The company has a market capitalization of $5.35 billion, a P/E ratio of 23.72, a P/E/G ratio of 1.47 and a beta of 1.44. Dycom Industries has a 12-month low of $99.54 and a 12-month high of $207.20. The firm's fifty day simple moving average is $189.27 and its 200-day simple moving average is $179.51. 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 Trading of Dycom Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in DY. Accent Capital Management LLC purchased a new position in shares of Dycom Industries during the 3rd quarter worth approximately $25,000. Legacy Investment Solutions LLC purchased a new position in shares of Dycom Industries during the 3rd quarter worth approximately $28,000. Annapolis Financial Services LLC purchased a new position in shares of Dycom Industries during the 3rd quarter worth approximately $29,000. Anchor Investment Management LLC boosted its position in shares of Dycom Industries by 50.4% during the 2nd quarter. Anchor Investment Management LLC now owns 194 shares of the construction company's stock worth $33,000 after purchasing an additional 65 shares during the period. Finally, SOA Wealth Advisors LLC. purchased a new position in shares of Dycom Industries during the 3rd quarter worth approximately $39,000. Institutional investors and hedge funds 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.