Dycom Industries (NYSE:DY) Hits New 1-Year High – Time to Buy?

Dycom Industries, Inc. (NYSE:DY) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $367.61 and last traded at $366.0450, with a volume of 10823 shares traded. The stock had previously closed at $353.99.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Vertical Research initiated coverage on Dycom Industries in a report on Tuesday, December 23rd. They issued a “buy” rating and a $420.00 price objective on the stock. DA Davidson boosted their price target on shares of Dycom Industries from $300.00 to $390.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. B. Riley increased their price objective on shares of Dycom Industries from $320.00 to $420.00 and gave the company a “buy” rating in a report on Friday, November 21st. Wells Fargo & Company boosted their target price on Dycom Industries from $315.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Finally, UBS Group upped 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. Two analysts have rated the stock with a Strong Buy rating and nine have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $379.67.

Dycom Industries Price Performance

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 stock’s 50-day moving average is $336.86 and its two-hundred day moving average is $293.04. The stock has a market cap of $10.69 billion, a PE ratio of 36.33, a PEG ratio of 1.84 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 for the quarter, beating analysts’ consensus estimates of $3.15 by $0.48. Dycom Industries had a return on equity of 22.21% and a net margin of 5.75%.The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the previous year, the firm posted $2.68 earnings per share. The company’s revenue was up 14.2% on a year-over-year basis. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. On average, equities analysts predict that Dycom Industries, Inc. will post 7.13 earnings per share for the current year.

Insider Activity at Dycom Industries

In other news, Director Eitan Gertel sold 3,645 shares of the company’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $345.62, for a total transaction of $1,259,784.90. Following the sale, the director owned 15,997 shares of the company’s stock, valued at approximately $5,528,883.14. This represents a 18.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.72% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Root Financial Partners LLC purchased a new stake in Dycom Industries during the third quarter worth approximately $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Dycom Industries in the 2nd quarter valued at $32,000. Optiver Holding B.V. grew its position in shares of Dycom Industries by 57.1% in the 3rd quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock valued at $32,000 after buying an additional 40 shares during the last quarter. CI Investments Inc. raised its stake in Dycom Industries by 259.4% during the 3rd quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock worth $34,000 after acquiring an additional 83 shares in the last quarter. Finally, Salomon & Ludwin LLC purchased a new stake in Dycom Industries in the third quarter valued at $37,000. 98.33% of the stock is owned by institutional investors and hedge funds.

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.