Dycom Industries, Inc. (NYSE:DY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Dycom Industries, Inc. (NYSE:DY) have been assigned a consensus rating of “Moderate Buy” from the twelve research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $514.00.

A number of research firms have recently weighed in on DY. Guggenheim increased their price objective on Dycom Industries from $575.00 to $620.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Zacks Research downgraded shares of Dycom Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Wall Street Zen cut shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 25th. JPMorgan Chase & Co. lowered their price objective on shares of Dycom Industries from $650.00 to $570.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, B. Riley Financial upped their target price on Dycom Industries from $485.00 to $625.00 and gave the company a “buy” rating in a report on Thursday, May 28th.

Dycom Industries News Roundup

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

• Positive Sentiment: Dycom reported record fiscal 2027 second-quarter results: adjusted EPS was $5.29 versus the $4.72 consensus, revenue rose 45.6% year over year to $2.01 billion, and adjusted EBITDA reached $315.5 million. The company also reported a record $12.24 billion backlog. Dycom fiscal 2027 second-quarter results
• Positive Sentiment: Management raised its fiscal 2027 revenue outlook to approximately $7.5 billion-$7.7 billion, supported by strong fiber, data-center and Building Systems demand. The company said a $150 million wireless project deferral is shifting into fiscal 2028 rather than being canceled. Dycom earnings call and fiber demand
• Positive Sentiment: The board authorized a new $150 million share-repurchase program, allowing Dycom to buy up to roughly 1.4% of its outstanding shares. The authorization may support per-share results and signals management believes the stock is undervalued. Dycom share-repurchase announcement
• Neutral Sentiment: JPMorgan, UBS, Wells Fargo, KeyCorp and Cantor Fitzgerald all lowered their Dycom price targets following the earnings report, but each retained a positive rating ranging from “buy” to “overweight.” The revised targets still imply substantial upside, although the reductions suggest analysts are recalibrating valuation and near-term expectations. Analysts cut Dycom forecasts
• Negative Sentiment: Fiscal third-quarter adjusted EPS guidance of $4.33-$4.79 is below the $4.68 consensus midpoint and was the primary reason the strong Q2 beat failed to reassure investors. Revenue guidance of $1.9 billion-$2.0 billion was broadly in line with expectations, but the wireless-work deferral is pressuring the near-term earnings outlook. Why Dycom stock declined after earnings

Dycom Industries Trading Down 0.9%

NYSE DY opened at $308.19 on Friday. The firm has a market cap of $9.26 billion, a PE ratio of 28.04, a price-to-earnings-growth ratio of 0.55 and a beta of 1.54. Dycom Industries has a 1-year low of $242.55 and a 1-year high of $566.47. The stock has a 50-day moving average of $421.24 and a 200-day moving average of $414.57. The company has a current ratio of 2.35, a quick ratio of 2.46 and a debt-to-equity ratio of 1.35.

Dycom Industries (NYSE:DY) last posted its quarterly earnings results 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 for the quarter, compared to analyst estimates of $1.98 billion. Dycom Industries had a return on equity of 25.30% and a net margin of 4.79%.Dycom Industries’s revenue for the quarter was up 45.6% compared to the same quarter last year. During the same period last year, the company earned $3.33 EPS. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. As a group, sell-side analysts forecast that Dycom Industries will post 15.45 EPS for the current year.

Dycom Industries announced that its board has authorized a stock buyback plan on Wednesday, August 26th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the construction company to repurchase up to 1.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On Dycom Industries

Hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its stake in Dycom Industries by 265,593,055.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 23,903,384 shares of the construction company’s stock worth $8,076,953,000 after purchasing an additional 23,903,375 shares during the period. California State Teachers Retirement System lifted its position in Dycom Industries by 51,902.4% during the second quarter. California State Teachers Retirement System now owns 17,614,250 shares of the construction company’s stock valued at $8,905,589,000 after buying an additional 17,580,378 shares during the period. Peconic Partners LLC boosted its holdings in shares of Dycom Industries by 2.8% during the 2nd quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock valued at $933,038,000 after buying an additional 105,586 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Dycom Industries during the 2nd quarter valued at $1,513,523,000. Finally, Hill City Capital LP purchased a new stake in shares of Dycom Industries in the 2nd quarter worth about $510,536,693,000. 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.