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

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

Dycom Industries Price Performance

Shares of NYSE DY opened at $295.98 on Wednesday. The company has a fifty day moving average price of $284.12 and a 200 day moving average price of $256.92. The firm has a market cap of $8.57 billion, a PE ratio of 33.26, a PEG 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. Dycom Industries has a 1-year low of $131.37 and a 1-year high of $301.88.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its holdings in shares of Dycom Industries by 73.1% during the second quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock worth $39,000 after buying an additional 68 shares in the last quarter. Employees Retirement System of Texas acquired a new position in Dycom Industries during the 3rd quarter worth approximately $75,000. Smartleaf Asset Management LLC grew its stake in shares of Dycom Industries by 25.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 485 shares of the construction company’s stock worth $119,000 after acquiring an additional 97 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Dycom Industries during the 2nd quarter worth approximately $175,000. Finally, Inceptionr LLC acquired a new stake in shares of Dycom Industries in the third quarter valued at approximately $249,000. 98.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. UBS Group increased their target price on shares of Dycom Industries from $296.00 to $336.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Dycom Industries in a report on Wednesday, October 8th. Raymond James Financial boosted their target price on Dycom Industries from $290.00 to $300.00 and gave the company a “strong-buy” rating in a research note on Thursday, August 21st. KeyCorp increased their price target on Dycom Industries from $306.00 to $320.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Finally, Zacks Research raised Dycom Industries from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Two analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $302.63.

Dycom Industries Company Profile

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.