Professional
Added to YB: 2026-09-15
Pitch date: 2026-07-10
DY [bullish]
Dycom Industries, Inc.
-31.27%
current return
Author Info
Reaves Asset Management is an independently owned company with decades of experience investing in publicly listed infrastructure equities. Visit the website.
Company Info
Dycom Industries, Inc. provides specialty contracting services to the digital infrastructure, telecommunications infrastructure, and utility industries in the United States.
Market Cap
$9.3B
Pitch Price
$417.35
Price Target
N/A
Dividend
N/A
EV/EBITDA
11.66
P/E
27.97
EV/Sales
1.74
Sector
Construction and Engineering
Category
growth
Reaves Asset Management Portfolio Holding: Dycom Industries, Inc.
DY (hold): Dycom delivered an exceptionally strong quarter well ahead of expectations, accompanied by compelling forward demand indicators: backlog rose 25% sequentially, book-to-bill reached 2.2x and guidance was robust. Fiber-to-the-home demand remains strong, while diversification into middle-mile and data-center fiber and electric projects is enhancing revenue growth and margins; the shares still appear cheap relative to peers.
Read full article (1 min)