DY · NASDAQ · STOCK
Dycom Industries
$408.47
52W $233.00 – $566.47
59/100
$12.25B
38.4
1.50
⚠
Buy rating, but near-term risk/reward is unfavorable
The long-term recommendation is based on the composite investment score. The near-term risk/reward is based on nearby support and resistance levels. These can differ when a strong company trades close to resistance with support further below.
Is DY Bullish or Bearish?
Bullish.
Innellis AI committee rates Dycom Industries (DY) Buy with a composite score of 59/100
, based on 6 analysts with 50% agreement.
Last updated August 08, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +16.41 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -3.59 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Growth Analyst sees a compelling case — revenue growing 29.8% yoy -- genuine top-line momentum. Risk Analyst remains cautious — high leverage (debt-to-equity 1.51) amplifies downside in a stress scenario. This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- ROE of 18.9% shows genuine earnings power backing the valuation — Value
- Revenue growing 29.8% YoY -- genuine top-line momentum — Growth
- EPS growing 33.3% YoY — Growth
- 4 consecutive earnings beats -- consistent execution — Growth
- Quarter-over-quarter growth rate is ACCELERATING, not just positive — Growth
- MACD histogram positive -- bullish momentum — Technical
Bear Case
- P/E of 39.3 is moderate-to-rich — Value
- Price-to-book of 6.2x prices in significant intangible value — Value
- Debt-to-equity of 1.51 adds balance-sheet risk to the value case — Value
- High leverage (debt-to-equity 1.51) amplifies downside in a stress scenario — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of August 08, 2026
Overall Committee Score
59/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 47%
of 158 Industrials peers
Value Analyst
neutral
45
/ 100 · High confidence
Fair value -- neither a bargain nor obviously overpriced
+ ROE of 18.9% shows genuine earnings power backing the valuation
− P/E of 39.3 is moderate-to-rich
Growth Analyst
bullish
84
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ Revenue growing 29.8% YoY -- genuine top-line momentum
Technical Analyst
neutral
58
/ 100 · High confidence
Mixed or range-bound price action
+ MACD histogram positive -- bullish momentum
Risk Analyst
bearish
30
/ 100 · Low confidence
Elevated risk from leverage, volatility, event exposure, or portfolio concentration -- size accordingly
− High leverage (debt-to-equity 1.51) amplifies downside in a stress scenario
Macro Analyst
bullish
70
/ 100 · Moderate confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
+ Market regime is bullish (Bull market -- normal position sizing)
News Analyst
bullish
64
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.21 across 14 articles, 14d)
Portfolio Manager
neutral
55
/ 100 · Moderate confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− 4 existing position pair(s) are highly correlated already
Investment Thesis Evolution
Committee score moved marginally from 58.5 to 58.6.
- Bullish support removed: 1 signal(s) disappeared.
- New bullish signals: 1 appeared.
Analyst-level changes:
- News Analyst: +1 bullish signal(s).
Comparing 2026-08-07 to 2026-08-08 (1 day apart).
Technical Analysis
RSI (14)
47.7
Neutral
MACD Histogram
0.604
Bullish Momentum
Trend Direction
Sideways
Weekly: Uptrend
Market Structure
Mixed
Support
$335.21
Resistance
$444.50
Bollinger %B
0.41
Inside Bands
Price vs Moving Averages
EMA 9
$408.97
Below
EMA 21
$417.55
Below
EMA 50
$428.20
Below
EMA 200
$385.58
Above
Fundamental Analysis
Valuation
41
Growth
81
Profitability
37
Financial Health
73
Cash Flow
70
Valuation
P/E Ratio
38.4×
P/B Ratio
6.45×
PEG Ratio
1.16
Dividend Yield
0.00%
52W High
$566.47
52W Low
$233.00
Quality & Growth
ROE
1512.5%
ROA
470.3%
Gross Margin
1961.1%
Operating Margin
1204.4%
Revenue Growth YoY
—
Debt / Equity
1.58
AI Fundamental Assessment
P/E ratio of 38.4 (rich relative to a 15-40x range); Price-to-book of 6.5x; PEG ratio of 1.2 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 15.1%; Return on assets of 4.7%; Net margin of 5.0%; Gross margin of 19.6%; Current ratio of 2.58 (healthy short-term liquidity); Debt-to-equity of 1.58; Free cash flow per share is positive (14.69); Most recent quarter beat estimates by 57.4%; 4 consecutive earnings beats; EPS growth accelerating (-44.1% -> +117.7% QoQ); Analyst estimates falling over recent quarters
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