Analysts Set Dycom Industries, Inc. (NYSE:DY) Target Price at $395.20

Shares of Dycom Industries, Inc. (NYSE:DY) have been given an average rating of “Buy” by the twelve research firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $395.20.

A number of brokerages have recently commented on DY. Vertical Research assumed coverage on Dycom Industries in a research note on Tuesday, December 23rd. They issued a “buy” rating and a $420.00 target price on the stock. UBS Group increased their target price on Dycom Industries from $373.00 to $400.00 and gave the company a “buy” rating in a report on Monday, January 12th. Bank of America upped their price objective on shares of Dycom Industries from $310.00 to $365.00 and gave the company a “buy” rating in a research note on Friday, November 21st. Wells Fargo & Company upped their target price on Dycom Industries from $315.00 to $360.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Dycom Industries in a research report on Tuesday, January 27th.

Dycom Industries Price Performance

Shares of NYSE DY opened at $429.17 on Monday. The company has a market cap of $12.43 billion, a PE ratio of 42.24, a P/E/G ratio of 1.80 and a beta of 1.36. Dycom Industries has a fifty-two week low of $131.37 and a fifty-two week high of $429.99. 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 business has a 50-day simple moving average of $360.89 and a two-hundred day simple moving average of $310.87.

Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Wednesday, November 19th. The construction company reported $3.63 EPS for the quarter, topping the consensus estimate of $3.15 by $0.48. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.41 billion. Dycom Industries had a net margin of 5.75% and a return on equity of 22.21%. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.68 earnings per share. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. As a group, equities analysts expect that Dycom Industries will post 7.13 EPS for the current fiscal year.

Insider Buying and Selling at Dycom Industries

In other Dycom Industries news, Director Eitan Gertel sold 3,645 shares of the business’s stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $345.62, for a total value of $1,259,784.90. Following the sale, the director owned 15,997 shares of the company’s stock, valued at $5,528,883.14. The trade was a 18.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 3.72% of the company’s stock.

Institutional Trading of Dycom Industries

Institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its stake in Dycom Industries by 17.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the construction company’s stock worth $69,000 after purchasing an additional 30 shares during the period. First Bank & Trust boosted its position in shares of Dycom Industries by 1.6% in the fourth quarter. First Bank & Trust now owns 2,106 shares of the construction company’s stock worth $712,000 after buying an additional 33 shares during the period. CWM LLC boosted its holdings in Dycom Industries by 1.9% in the 4th quarter. CWM LLC now owns 1,956 shares of the construction company’s stock worth $661,000 after acquiring an additional 36 shares during the period. Archer Investment Corp grew its holdings in Dycom Industries by 6.2% during the 2nd quarter. Archer Investment Corp now owns 690 shares of the construction company’s stock valued at $169,000 after purchasing an additional 40 shares in the last quarter. Finally, Optiver Holding B.V. lifted its stake in shares of Dycom Industries by 57.1% in 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. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

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.