Dycom Industries (NYSE:DY) Releases Earnings Results, Beats Estimates By $0.48 EPS

Dycom Industries (NYSE:DY) announced its quarterly earnings data on Wednesday. The construction company reported $3.63 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.48, Zacks reports. Dycom Industries had a return on equity of 21.17% and a net margin of 5.23%. Dycom Industries updated its Q4 2026 guidance to 1.620-1.970 EPS and its FY 2026 guidance to EPS.

Dycom Industries Stock Up 0.8%

DY opened at $295.98 on Wednesday. The stock’s fifty day simple moving average is $284.12 and its 200 day simple moving average is $256.92. Dycom Industries has a 1-year low of $131.37 and a 1-year high of $301.88. The stock has a market cap of $8.57 billion, a PE ratio of 33.26, a price-to-earnings-growth ratio of 1.38 and a beta of 1.23. The company has a current ratio of 3.16, a quick ratio of 2.96 and a debt-to-equity ratio of 0.74.

Hedge Funds Weigh In On Dycom Industries

Several large investors have recently modified their holdings of DY. Victory Capital Management Inc. raised its holdings in Dycom Industries by 0.7% in the 3rd quarter. Victory Capital Management Inc. now owns 6,726 shares of the construction company’s stock valued at $1,962,000 after buying an additional 49 shares during the last quarter. Ausdal Financial Partners Inc. grew its holdings in Dycom Industries by 4.5% during the 3rd quarter. Ausdal Financial Partners Inc. now owns 1,521 shares of the construction company’s stock worth $444,000 after acquiring an additional 65 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Dycom Industries by 73.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock valued at $39,000 after acquiring an additional 68 shares during the period. Balyasny Asset Management L.P. raised its stake in shares of Dycom Industries by 2.5% during the second quarter. Balyasny Asset Management L.P. now owns 3,384 shares of the construction company’s stock valued at $827,000 after acquiring an additional 84 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of Dycom Industries by 25.0% during the second quarter. Smartleaf Asset Management LLC now owns 485 shares of the construction company’s stock valued at $119,000 after acquiring an additional 97 shares during the last quarter. 98.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on DY. Weiss Ratings reissued a “buy (b)” rating on shares of Dycom Industries in a research report on Wednesday, October 8th. Wells Fargo & Company increased their price objective on Dycom Industries from $305.00 to $315.00 and gave the company an “overweight” rating in a report on Friday, November 14th. Raymond James Financial boosted their target price on shares of Dycom Industries from $290.00 to $300.00 and gave the stock a “strong-buy” rating in a report on Thursday, August 21st. Wall Street Zen lowered shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Bank of America increased their price target on shares of Dycom Industries from $299.00 to $310.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Two investment analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $302.63.

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.