Jefferies Financial Group Inc. Buys Shares of 12,237 Dycom Industries, Inc. $DY

Jefferies Financial Group Inc. purchased a new stake in Dycom Industries, Inc. (NYSE:DY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 12,237 shares of the construction company’s stock, valued at approximately $6,187,000.

Other large investors have also recently bought and sold shares of the company. Allworth Financial LP bought a new stake in Dycom Industries during the 2nd quarter worth approximately $35,000. Kemnay Advisory Services Inc. bought a new position in shares of Dycom Industries during the fourth quarter worth about $30,000. Harbor Investment Advisory LLC bought a new stake in shares of Dycom Industries in the 2nd quarter valued at $52,000. Acumen Wealth Advisors LLC acquired a new position in shares of Dycom Industries in the 4th quarter valued at about $35,000. Finally, Legacy Wealth Managment LLC ID acquired a new stake in shares of Dycom Industries during the 4th quarter worth approximately $39,000. 98.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on DY shares. Cantor Fitzgerald reduced 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. Weiss Ratings raised shares of Dycom Industries from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 13th. B. Riley Financial lifted their price target on Dycom Industries from $485.00 to $625.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Wall Street Zen downgraded shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Finally, UBS Group decreased their target price on shares of Dycom Industries from $611.00 to $525.00 and set a “buy” rating on the stock in a research report on Thursday. Eleven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $514.00.

Dycom Industries Trading Down 4.2%

NYSE:DY opened at $295.11 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.35 and a quick ratio of 2.46. Dycom Industries, Inc. has a one year low of $242.55 and a one year high of $566.47. The business has a fifty day moving average price of $418.01 and a 200-day moving average price of $413.73. The firm has a market capitalization of $8.86 billion, a price-to-earnings ratio of 26.85, a price-to-earnings-growth ratio of 0.54 and a beta of 1.54.

Dycom Industries (NYSE:DY) last announced its earnings results on Wednesday, August 26th. The construction company reported $5.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.72 by $0.57. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Dycom Industries had a net margin of 4.79% and a return on equity of 25.30%. The business’s revenue was up 45.6% compared to the same quarter last year. During the same period in the prior year, the company earned $3.33 EPS. Dycom Industries has set its Q3 2027 guidance at 4.330-4.790 EPS. Sell-side analysts forecast that Dycom Industries, Inc. will post 15.44 EPS for the current year.

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

Dycom Industries News Summary

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

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.