Zacks Research Cuts Earnings Estimates for Dycom Industries

Dycom Industries, Inc. (NYSE:DY) – Analysts at Zacks Research reduced their FY2027 earnings estimates for shares of Dycom Industries in a note issued to investors on Tuesday, January 20th. Zacks Research analyst Team now expects that the construction company will earn $13.23 per share for the year, down from their previous estimate of $13.27. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Dycom Industries’ current full-year earnings is $7.13 per share. Zacks Research also issued estimates for Dycom Industries’ Q4 2027 earnings at $2.05 EPS.

A number of other analysts also recently commented on the stock. Bank of America boosted their price target on shares of Dycom Industries from $310.00 to $365.00 and gave the stock a “buy” rating in a research report on Friday, November 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Dycom Industries in a report on Wednesday, October 8th. Wall Street Zen raised Dycom Industries from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 23rd. UBS Group lifted their price target on Dycom Industries from $373.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Finally, Vertical Research assumed coverage on Dycom Industries in a report on Tuesday, December 23rd. They issued a “buy” rating and a $420.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $379.67.

Dycom Industries Price Performance

Shares of DY opened at $375.07 on Thursday. Dycom Industries has a one year low of $131.37 and a one year high of $379.89. The stock’s fifty day moving average is $344.87 and its 200-day moving average is $297.33. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.90 and a current ratio of 3.09. The firm has a market capitalization of $10.86 billion, a price-to-earnings ratio of 36.92, a price-to-earnings-growth ratio of 1.89 and a beta of 1.34.

Dycom Industries (NYSE:DY) last issued its quarterly earnings data on Wednesday, November 19th. The construction company reported $3.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.48. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.41 billion. Dycom Industries had a return on equity of 22.21% and a net margin of 5.75%.The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.68 EPS. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS.

Insider Activity at Dycom Industries

In related news, Director Eitan Gertel sold 3,645 shares of the firm’s stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $345.62, for a total value of $1,259,784.90. Following the completion of the transaction, the director owned 15,997 shares of the company’s stock, valued at approximately $5,528,883.14. This trade represents a 18.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.72% of the company’s stock.

Institutional Trading of Dycom Industries

Hedge funds have recently modified their holdings of the business. Jones Financial Companies Lllp boosted its position in shares of Dycom Industries by 4,626.1% in the first quarter. Jones Financial Companies Lllp now owns 2,174 shares of the construction company’s stock worth $331,000 after buying an additional 2,128 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Dycom Industries by 7.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 69,726 shares of the construction company’s stock worth $10,622,000 after acquiring an additional 4,985 shares in the last quarter. Strs Ohio purchased a new stake in Dycom Industries in the 1st quarter worth about $366,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Dycom Industries during the 2nd quarter worth about $288,000. Finally, GAMMA Investing LLC grew its stake in Dycom Industries by 83.1% during the 2nd quarter. GAMMA Investing LLC now owns 705 shares of the construction company’s stock valued at $172,000 after acquiring an additional 320 shares in the last quarter. Hedge funds and other institutional investors own 98.33% of the company’s stock.

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.