Analysts Set Dycom Industries, Inc. (NYSE:DY) Target Price at $379.67

Shares of Dycom Industries, Inc. (NYSE:DY) have received an average rating of “Buy” from the eleven research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $379.6667.

Several research firms have commented on DY. Wall Street Zen raised shares of Dycom Industries from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 23rd. Vertical Research initiated coverage on shares of Dycom Industries in a research report on Tuesday, December 23rd. They set a “buy” rating and a $420.00 target price for the company. Wells Fargo & Company lifted their price target on shares of Dycom Industries from $315.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Bank of America upped their price target on Dycom Industries from $310.00 to $365.00 and gave the stock a “buy” rating in a research report on Friday, November 21st. Finally, DA Davidson raised their price objective on Dycom Industries from $300.00 to $390.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th.

Insiders Place Their Bets

In other Dycom Industries news, Director Eitan Gertel sold 3,645 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director owned 15,997 shares of the company’s stock, valued at approximately $5,528,883.14. This trade represents a 18.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.72% of the company’s stock.

Hedge Funds Weigh In On Dycom Industries

Several hedge funds and other institutional investors have recently modified their holdings of DY. Modera Wealth Management LLC purchased a new stake in Dycom Industries during the 4th quarter worth approximately $212,000. Talbot Financial LLC acquired a new stake in shares of Dycom Industries during the fourth quarter worth $220,000. Sound Income Strategies LLC acquired a new stake in shares of Dycom Industries during the fourth quarter worth $32,000. Stratos Wealth Partners LTD. purchased a new stake in shares of Dycom Industries during the fourth quarter valued at $251,000. Finally, SteelPeak Wealth LLC acquired a new position in shares of Dycom Industries in the 4th quarter valued at $2,208,000. 98.33% of the stock is owned by hedge funds and other institutional investors.

Dycom Industries Stock Up 2.4%

Shares of NYSE DY opened at $375.07 on Thursday. Dycom Industries has a 12-month low of $131.37 and a 12-month high of $379.89. The stock’s fifty day simple moving average is $344.87 and its two-hundred day simple moving average is $297.33. The stock has a market capitalization of $10.86 billion, a PE ratio of 36.92, a price-to-earnings-growth ratio of 1.89 and a beta of 1.34. The company has a current ratio of 3.09, a quick ratio of 2.90 and a debt-to-equity ratio of 0.62.

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

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.