Dycom Industries (NYSE:DY) Stock Price Expected to Rise, B. Riley Analyst Says

Dycom Industries (NYSE:DY) had its price target increased by B. Riley from $320.00 to $420.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. B. Riley’s target price would suggest a potential upside of 25.60% from the stock’s current price.

DY has been the subject of a number of other research reports. JPMorgan Chase & Co. raised their price objective on shares of Dycom Industries from $275.00 to $370.00 and gave the company an “overweight” rating in a research report on Thursday. DA Davidson increased their target price on Dycom Industries from $300.00 to $390.00 and gave the stock a “buy” rating in a research note on Thursday. Bank of America lifted their price target on Dycom Industries from $310.00 to $365.00 and gave the company a “buy” rating in a research note on Friday. Weiss Ratings reiterated a “buy (b)” rating on shares of Dycom Industries in a research report on Wednesday, October 8th. Finally, UBS Group boosted their target price on shares of Dycom Industries from $336.00 to $373.00 and gave the stock a “buy” rating in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. According to MarketBeat.com, Dycom Industries has a consensus rating of “Buy” and an average price target of $371.25.

Dycom Industries Stock Performance

Shares of Dycom Industries stock traded up $11.02 during trading hours on Friday, hitting $334.39. 172,654 shares of the company were exchanged, compared to its average volume of 420,946. The company has a current ratio of 3.16, a quick ratio of 2.96 and a debt-to-equity ratio of 0.74. The business has a 50-day moving average of $286.74 and a 200-day moving average of $257.85. Dycom Industries has a 1 year low of $131.37 and a 1 year high of $350.87. The stock has a market capitalization of $9.68 billion, a price-to-earnings ratio of 37.62, a P/E/G ratio of 1.38 and a beta of 1.23.

Dycom Industries (NYSE:DY) last announced its quarterly earnings data on Wednesday, November 19th. The construction company reported $3.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.48. Dycom Industries had a net margin of 5.23% and a return on equity of 21.17%. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the previous year, the company posted $2.68 EPS. Dycom Industries’s revenue 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. FY 2026 guidance at EPS. As a group, analysts expect that Dycom Industries will post 7.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC lifted its stake in shares of Dycom Industries by 21.0% during the third quarter. Millennium Management LLC now owns 1,324,938 shares of the construction company’s stock valued at $386,564,000 after buying an additional 229,579 shares during the period. Alyeska Investment Group L.P. acquired a new position in Dycom Industries in the 3rd quarter valued at $44,553,000. Bornite Capital Management LP acquired a new position in Dycom Industries in the 3rd quarter valued at $43,764,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Dycom Industries during the 2nd quarter worth $34,671,000. Finally, Nuveen LLC acquired a new stake in shares of Dycom Industries during the first quarter worth $21,451,000. 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.