Dycom Industries, Inc. (NYSE:DY) Receives $371.25 Consensus Target Price from Brokerages

Shares of Dycom Industries, Inc. (NYSE:DY) have earned an average recommendation of “Buy” from the ten brokerages that are covering the company, Marketbeat reports. Eight analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $371.25.

A number of equities research analysts have issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Dycom Industries in a research note on Wednesday, October 8th. B. Riley increased their price objective on shares of Dycom Industries from $320.00 to $420.00 and gave the stock a “buy” rating in a report on Friday, November 21st. Bank of America boosted their target price 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. UBS Group upped 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, November 20th. Finally, Wells Fargo & Company boosted their price objective on Dycom Industries from $315.00 to $360.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th.

Dycom Industries Price Performance

DY opened at $354.45 on Wednesday. The company has a quick ratio of 2.90, a current ratio of 3.09 and a debt-to-equity ratio of 0.62. The company’s 50-day moving average price is $299.98 and its 200 day moving average price is $267.85. Dycom Industries has a fifty-two week low of $131.37 and a fifty-two week high of $364.40. The firm has a market cap of $10.26 billion, a price-to-earnings ratio of 34.89, a price-to-earnings-growth ratio of 1.83 and a beta of 1.36.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DY. Peconic Partners LLC raised its stake in shares of Dycom Industries by 2.8% during the second quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock valued at $933,038,000 after purchasing an additional 105,586 shares in the last quarter. Millennium Management LLC increased its stake in Dycom Industries by 3.2% during the 1st quarter. Millennium Management LLC now owns 1,481,394 shares of the construction company’s stock valued at $225,676,000 after buying an additional 45,562 shares during the period. Hill City Capital LP increased its stake in Dycom Industries by 14.1% during the 1st quarter. Hill City Capital LP now owns 969,784 shares of the construction company’s stock valued at $147,737,000 after buying an additional 120,000 shares during the period. First Trust Advisors LP raised its position in shares of Dycom Industries by 6.8% during the 3rd quarter. First Trust Advisors LP now owns 604,865 shares of the construction company’s stock worth $176,475,000 after buying an additional 38,472 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Dycom Industries by 15.2% in the 3rd quarter. Bank of America Corp DE now owns 354,225 shares of the construction company’s stock worth $103,349,000 after acquiring an additional 46,680 shares during the period. Institutional investors own 98.33% of the company’s stock.

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.