DA Davidson Has Optimistic Outlook of DY FY2025 Earnings

Dycom Industries, Inc. (NYSE:DY) – DA Davidson boosted their FY2025 earnings per share estimates for Dycom Industries in a report issued on Thursday, November 21st. DA Davidson analyst B. Thielman now forecasts that the construction company will post earnings of $8.41 per share for the year, up from their prior forecast of $7.57. DA Davidson currently has a “Buy” rating and a $210.00 price target on the stock. The consensus estimate for Dycom Industries’ current full-year earnings is $7.96 per share.

Several other equities analysts have also recently issued reports on DY. KeyCorp lifted their price objective on Dycom Industries from $200.00 to $227.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. B. Riley lifted their price target on Dycom Industries from $205.00 to $208.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Bank of America increased their price objective on shares of Dycom Industries from $198.00 to $204.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Finally, Wells Fargo & Company lifted their target price on shares of Dycom Industries from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Dycom Industries presently has an average rating of “Buy” and a consensus target price of $206.13.

Dycom Industries Price Performance

DY stock opened at $180.30 on Monday. The firm has a 50 day moving average of $189.27 and a 200-day moving average of $179.51. The company has a market cap of $5.25 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 1.52 and a beta of 1.44. The company has a current ratio of 3.12, a quick ratio of 3.25 and a debt-to-equity ratio of 0.89. Dycom Industries has a 12-month low of $99.54 and a 12-month high of $207.20.

Institutional Investors Weigh In On Dycom Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Dycom Industries by 0.4% in the first quarter. Vanguard Group Inc. now owns 3,196,041 shares of the construction company’s stock valued at $458,728,000 after purchasing an additional 12,395 shares during the period. Millennium Management LLC grew its holdings in Dycom Industries by 6.3% in the 2nd quarter. Millennium Management LLC now owns 1,631,453 shares of the construction company’s stock valued at $275,324,000 after buying an additional 96,846 shares during the period. State Street Corp increased its stake in shares of Dycom Industries by 4.0% during the 3rd quarter. State Street Corp now owns 1,158,585 shares of the construction company’s stock valued at $228,357,000 after acquiring an additional 44,321 shares during the last quarter. FMR LLC lifted its holdings in shares of Dycom Industries by 2.4% during the 3rd quarter. FMR LLC now owns 772,666 shares of the construction company’s stock worth $152,292,000 after acquiring an additional 17,862 shares during the period. Finally, Hill City Capital LP boosted its position in shares of Dycom Industries by 2.3% in the third quarter. Hill City Capital LP now owns 679,784 shares of the construction company’s stock worth $133,985,000 after acquiring an additional 15,000 shares during the last quarter. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

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.