Dycom Industries (NYSE:DY) Given New $625.00 Price Target at B. Riley Financial

Dycom Industries (NYSE:DY) had its target price lifted by investment analysts at B. Riley Financial from $485.00 to $625.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. B. Riley Financial’s target price suggests a potential upside of 18.40% from the stock’s previous close.

Several other research firms have also recently issued reports on DY. Cantor Fitzgerald restated an “overweight” rating and set a $436.00 price objective on shares of Dycom Industries in a report on Friday, March 27th. KeyCorp lifted their price target on Dycom Industries from $426.00 to $482.00 and gave the company an “overweight” rating in a report on Thursday, March 5th. UBS Group set a $475.00 price objective on Dycom Industries and gave the stock a “buy” rating in a report on Friday, March 6th. Weiss Ratings downgraded shares of Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Finally, Wells Fargo & Company raised their price objective on Dycom Industries from $500.00 to $650.00 and gave the company an “overweight” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Dycom Industries currently has a consensus rating of “Buy” and an average target price of $480.73.

Dycom Industries Price Performance

NYSE:DY traded down $1.27 during mid-day trading on Thursday, hitting $527.86. 181,982 shares of the company’s stock traded hands, compared to its average volume of 416,864. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.61 and a current ratio of 2.74. The firm’s 50 day simple moving average is $395.39 and its 200 day simple moving average is $373.96. Dycom Industries has a 1 year low of $225.34 and a 1 year high of $566.47. The company has a market cap of $15.85 billion, a PE ratio of 55.55, a price-to-earnings-growth ratio of 0.97 and a beta of 1.46.

Dycom Industries (NYSE:DY) last posted its earnings results on Wednesday, May 27th. The construction company reported $4.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.73 by $1.69. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.67 billion. Dycom Industries had a return on equity of 21.77% and a net margin of 5.07%.Dycom Industries’s revenue was up 56.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.09 EPS. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. Sell-side analysts expect that Dycom Industries will post 12.89 EPS for the current year.

Institutional Investors Weigh In On Dycom Industries

Hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp lifted its position in Dycom Industries by 4,626.1% in the 1st quarter. Jones Financial Companies Lllp now owns 2,174 shares of the construction company’s stock valued at $331,000 after purchasing an additional 2,128 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Dycom Industries by 7.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 69,726 shares of the construction company’s stock valued at $10,622,000 after acquiring an additional 4,985 shares in the last quarter. Invesco Ltd. boosted its position in Dycom Industries by 7.0% during the 2nd quarter. Invesco Ltd. now owns 227,127 shares of the construction company’s stock worth $55,508,000 after acquiring an additional 14,891 shares during the period. EverSource Wealth Advisors LLC boosted its position in Dycom Industries by 73.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock worth $39,000 after acquiring an additional 68 shares during the period. Finally, Cerity Partners LLC grew its stake in shares of Dycom Industries by 8.9% in the second quarter. Cerity Partners LLC now owns 2,239 shares of the construction company’s stock worth $547,000 after purchasing an additional 183 shares in the last quarter. 98.33% of the stock is currently owned by institutional investors.

Key Stories Impacting Dycom Industries

Here are the key news stories impacting Dycom Industries this week:

• Positive Sentiment: Dycom reported record first-quarter contract revenue of $1.965 billion, up 56.1% year over year, and adjusted EPS of $4.42, far above Wall Street expectations of $2.73. Article Title
• Positive Sentiment: The company lifted its fiscal 2027 outlook, with full-year contract revenue guidance now at $7.38 billion to $7.65 billion and Q2 revenue guidance also above consensus, signaling continued momentum. Article Title
• Positive Sentiment: Backlog reached a record $11.906 billion, up 46.5%, which points to strong future revenue visibility and sustained demand from telecom/network buildouts. Article Title
• Positive Sentiment: Dycom also announced a deal to acquire National Technology Integrators, expanding its exposure to the high-growth data center infrastructure market, which investors viewed favorably. Article Title
• Neutral Sentiment: The company is also participating in upcoming institutional investor events, which is a routine investor-relations update and not a major standalone catalyst. Article Title

About Dycom Industries

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.