Dycom Industries (NYSE:DY) to Buyback $150.00 million in Shares

Dycom Industries (NYSE:DY) declared that its board has approved a share buyback program on Wednesday, August 26th, RTT News reports. The company plans to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 1.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Dycom Industries Price Performance

Shares of Dycom Industries stock opened at $295.11 on Friday. The firm has a market cap of $8.86 billion, a PE ratio of 26.85, a PEG ratio of 0.54 and a beta of 1.54. The stock has a 50 day moving average of $418.01 and a 200 day moving average of $413.73. 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 has a 12 month low of $242.55 and a 12 month high of $566.47.

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 analysts’ consensus estimates of $4.72 by $0.57. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.98 billion. Dycom Industries had a return on equity of 25.30% and a net margin of 4.79%.The company’s revenue was up 45.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.33 EPS. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. On average, research analysts expect that Dycom Industries will post 15.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DY shares. B. Riley Financial increased their price objective on shares of Dycom Industries from $485.00 to $625.00 and gave the company a “buy” rating in a report on Thursday, May 28th. KeyCorp lowered their target price on shares of Dycom Industries from $610.00 to $423.00 and set an “overweight” rating on the stock in a report on Thursday. Weiss Ratings upgraded shares of Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 13th. JPMorgan Chase & Co. cut their target price 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, Wells Fargo & Company set a $476.00 price target on shares of Dycom Industries in a report on Thursday. Eleven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $514.00.

Trending Headlines about Dycom Industries

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

• Positive Sentiment: Dycom reported second-quarter earnings of $5.29 per share, above the $4.72 consensus estimate, while revenue reached approximately $2.01 billion versus expectations of $1.98 billion. Revenue increased 45.6% year over year, supported by communications infrastructure and digital-infrastructure demand. Dycom Industries beats Q2 forecasts as digital infrastructure demand accelerates
• Positive Sentiment: Management raised its fiscal 2027 revenue outlook, citing continued strength in fiber, data-center connectivity and Building Systems. These trends point to a multiyear opportunity from fiber-network expansion and AI-related infrastructure spending. DY Q2 Earnings Call Focuses on Fiber Demand and Higher Outlook
• Positive Sentiment: The board authorized a $150 million share-repurchase program, equivalent to as much as 1.4% of outstanding shares. The authorization may support per-share results and signals that management believes the stock is undervalued. Stock Buyback Program Declared by Dycom Industries
• Neutral Sentiment: JPMorgan, UBS, Wells Fargo, KeyCorp and Cantor Fitzgerald lowered their price targets following the earnings report but retained bullish ratings, including “overweight” or “buy.” The target cuts reflect reduced near-term assumptions rather than a broadly negative long-term view.
• Negative Sentiment: The main pressure is fiscal third-quarter EPS guidance of $4.33 to $4.79, which is below analyst expectations. Investors are also concerned about a $150 million wireless-revenue deferral, helping explain why the strong quarterly beat has not translated into positive stock performance. Why Dycom Industries Stock Is Plummeting This Week

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.