Dycom Industries (NYSE:DY) Stock Rating Lowered by Wall Street Zen

Dycom Industries (NYSE:DY) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

DY has been the topic of a number of other research reports. Guggenheim began coverage on Dycom Industries in a research report on Thursday, January 22nd. They issued a “buy” rating and a $510.00 target price on the stock. B. Riley Financial upped their price target on Dycom Industries from $420.00 to $485.00 and gave the stock a “buy” rating in a research report on Thursday. Wells Fargo & Company raised their price target on shares of Dycom Industries from $315.00 to $360.00 and gave the stock an “overweight” rating in a research note on Thursday, November 20th. Vertical Research began coverage on shares of Dycom Industries in a report on Tuesday, December 23rd. They issued a “buy” rating and a $420.00 price objective on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Dycom Industries from $395.00 to $415.00 and gave the stock an “overweight” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $431.20.

Dycom Industries Trading Down 3.4%

DY opened at $357.34 on Friday. The stock has a market capitalization of $10.35 billion, a P/E ratio of 37.22, a P/E/G ratio of 1.22 and a beta of 1.34. The company has a current ratio of 2.74, a quick ratio of 2.61 and a debt-to-equity ratio of 1.51. Dycom Industries has a 12 month low of $131.37 and a 12 month high of $445.52. The firm’s fifty day simple moving average is $382.34 and its 200 day simple moving average is $328.20.

Dycom Industries (NYSE:DY) last released its quarterly earnings results on Wednesday, March 4th. The construction company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.12. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.34 billion. Dycom Industries had a return on equity of 21.77% and a net margin of 5.07%.The company’s revenue for the quarter was up 34.4% on a year-over-year basis. During the same quarter last year, the business posted $1.17 EPS. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. As a group, research analysts anticipate that Dycom Industries will post 7.13 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Eitan Gertel sold 3,645 shares of the stock in a transaction that occurred 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 completion of the transaction, the director directly 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 sale 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 Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Sound Income Strategies LLC bought a new stake in shares of Dycom Industries during the 4th quarter worth approximately $32,000. Root Financial Partners LLC bought a new position in shares of Dycom Industries in the third quarter valued at $26,000. Kemnay Advisory Services Inc. acquired a new position in Dycom Industries during the fourth quarter worth $30,000. Acumen Wealth Advisors LLC acquired a new position in Dycom Industries during the fourth quarter worth $35,000. Finally, Optiver Holding B.V. raised its position in Dycom Industries by 57.1% during the third quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock worth $32,000 after acquiring an additional 40 shares in the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.

Key Dycom Industries News

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

• Positive Sentiment: Multiple broker upgrades and higher targets — B. Riley raised its target to $485 (buy), KeyCorp raised its target to $482 (overweight) and JPMorgan boosted its target to $415 (overweight), signaling analyst conviction in continued growth upside. Benzinga
• Positive Sentiment: Q4 results topped expectations: Dycom reported record contract revenue, adjusted earnings and adjusted EBITDA above consensus, and reiterated a strong growth outlook in the earnings call — fundamental beats underpin the bullish analyst moves. Earnings Call Summary
• Neutral Sentiment: Brokerage consensus remains constructive but measured — services aggregators show a “Moderate Buy” consensus, reflecting optimism tempered by valuation and execution risk. Consensus Article
• Neutral Sentiment: Earnings materials and presentation released for Q4 provide additional detail on backlog, margins and guidance — useful for investors evaluating revenue mix and margin cadence. Earnings Presentation
• Negative Sentiment: Market reaction: some outlets note the stock moved lower despite the beats — suggesting profit-taking and short-term investor concern about near-term valuation after a recent run-up. Zacks

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.