DA Davidson Analysts Increase Earnings Estimates for DY

Dycom Industries, Inc. (NYSE:DY) – DA Davidson boosted their FY2025 earnings estimates for shares of Dycom Industries in a report released on Thursday, November 21st. DA Davidson analyst B. Thielman now expects 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 equities research analysts have also issued reports on the stock. Bank of America lifted their target price on shares of Dycom Industries from $198.00 to $204.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Wells Fargo & Company lifted their price objective on shares of Dycom Industries from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. B. Riley lifted their price objective on shares of Dycom Industries from $205.00 to $208.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Finally, KeyCorp lifted their price objective on shares of Dycom Industries from $200.00 to $227.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $206.13.

Dycom Industries Trading Down 0.7 %

Shares of NYSE:DY opened at $180.25 on Monday. The firm has a fifty day moving average of $189.19 and a two-hundred day moving average of $179.73. The firm has a market capitalization of $5.26 billion, a P/E ratio of 23.78, a price-to-earnings-growth 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 company has a quick ratio of 2.93, a current ratio of 3.12 and a debt-to-equity ratio of 0.89.

Institutional Trading of Dycom Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Interval Partners LP bought a new stake in Dycom Industries in the first quarter valued at about $5,247,000. Janus Henderson Group PLC increased its stake in Dycom Industries by 168.5% in the first quarter. Janus Henderson Group PLC now owns 36,835 shares of the construction company’s stock valued at $5,287,000 after acquiring an additional 23,117 shares during the period. Hsbc Holdings PLC increased its stake in Dycom Industries by 193.7% in the second quarter. Hsbc Holdings PLC now owns 7,819 shares of the construction company’s stock valued at $1,317,000 after acquiring an additional 5,157 shares during the period. Assenagon Asset Management S.A. boosted its position in Dycom Industries by 2,353.9% in the second quarter. Assenagon Asset Management S.A. now owns 158,988 shares of the construction company’s stock valued at $26,831,000 after buying an additional 152,509 shares in the last quarter. Finally, Creative Planning boosted its position in Dycom Industries by 19.2% in the third quarter. Creative Planning now owns 6,560 shares of the construction company’s stock valued at $1,293,000 after buying an additional 1,055 shares in the last quarter. Institutional investors own 98.33% of the company’s stock.

About Dycom Industries

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.