Dycom Industries (NYSE:DY) Stock Price Down 4.4% – Here’s Why

Shares of Dycom Industries, Inc. (NYSE:DY) dropped 4.4% during trading on Tuesday . The stock traded as low as $367.06 and last traded at $364.2410. 361,889 shares traded hands during mid-day trading, a decline of 22% from the average daily volume of 465,000 shares. The stock had previously closed at $380.95.

More Dycom Industries News

Here are the key news stories impacting Dycom Industries this week:

• Positive Sentiment: Dycom reported record fiscal Q2 results: contract revenue rose 45.6% year over year to $2.006 billion, adjusted EPS reached $5.29 versus a roughly $4.62–$4.72 consensus, and adjusted EBITDA was $315.5 million versus expectations near $297 million. Dycom fiscal 2027 second-quarter results
• Positive Sentiment: Total backlog increased 53.2% to a record $12.242 billion, improving revenue visibility. Management cited accelerating fiber, broadband, data-center and other digital-infrastructure demand, with analysts linking the growth opportunity to expanding AI infrastructure investment. Why Dycom’s earnings beat points to an AI infrastructure boom
• Positive Sentiment: The board authorized a new $150 million share-repurchase program, allowing Dycom to buy back up to approximately 1.4% of outstanding shares. The authorization may signal management’s view that the stock is undervalued and could provide support for earnings per share. Dycom $150 million stock repurchase program
• Positive Sentiment: Dycom completed its acquisition of National Technology Integrators, adding to its digital-infrastructure capabilities and potentially strengthening exposure to data-center and communications projects.
• Neutral Sentiment: Fiscal 2027 revenue guidance was raised or established at approximately $7.48 billion to $7.66 billion, broadly around the $7.6 billion analyst consensus, suggesting strong growth but limited upside relative to elevated expectations.
• Negative Sentiment: Third-quarter adjusted EPS guidance of $4.33 to $4.79 has a midpoint of $4.56, below the $4.68 consensus estimate. Investors viewed the cautious outlook as more important than the Q2 beat. Why Dycom Industries stock is sinking
• Negative Sentiment: Approximately $150 million of wireless work was deferred from fiscal 2027 into fiscal 2028, raising concerns about the timing of project execution and near-term revenue and earnings growth. Dycom wireless work deferred into fiscal 2028

Wall Street Analyst Weigh In

A number of analysts have issued reports on DY shares. Wedbush set a $654.00 target price on Dycom Industries in a research report on Friday, May 29th. Zacks Research lowered Dycom Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. B. Riley Financial lifted their target price on Dycom Industries from $485.00 to $625.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Guggenheim increased their price target on shares of Dycom Industries from $575.00 to $620.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Finally, Cantor Fitzgerald dropped their price objective on shares of Dycom Industries from $654.00 to $476.00 and set an “overweight” rating for the company in a report on Thursday. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Dycom Industries has a consensus rating of “Moderate Buy” and an average target price of $544.91.

Dycom Industries Stock Down 11.3%

The company has a debt-to-equity ratio of 1.48, a current ratio of 2.58 and a quick ratio of 2.46. The company has a market cap of $9.37 billion, a PE ratio of 29.68, a P/E/G ratio of 0.62 and a beta of 1.54. The business’s 50 day moving average is $424.20 and its 200-day moving average is $415.22.

Dycom Industries (NYSE:DY) last released its quarterly earnings data on Wednesday, August 26th. The construction company reported $5.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.72 by $0.57. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Dycom Industries had a net margin of 4.98% and a return on equity of 24.13%. The company’s revenue for the quarter was up 45.6% on a year-over-year basis. During the same period in the previous year, the company earned $3.33 EPS. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. As a group, analysts predict that Dycom Industries, Inc. will post 15.45 EPS for the current year.

Dycom Industries declared that its board has initiated a stock buyback program on Wednesday, August 26th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the construction company to purchase up to 1.4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On Dycom Industries

Hedge funds and other institutional investors have recently made changes to their positions in the business. Allworth Financial LP purchased a new stake in Dycom Industries during the second quarter worth approximately $35,000. Kemnay Advisory Services Inc. purchased a new position in Dycom Industries in the fourth quarter valued at approximately $30,000. Harbor Investment Advisory LLC acquired a new stake in Dycom Industries during the second quarter worth approximately $52,000. Acumen Wealth Advisors LLC purchased a new stake in shares of Dycom Industries during the 4th quarter worth approximately $35,000. Finally, Legacy Wealth Managment LLC ID acquired a new position in shares of Dycom Industries in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries Company Profile

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.