DA Davidson Issues Positive Forecast for Dycom Industries (NYSE:DY) Stock Price

Dycom Industries (NYSE:DY) had its target price raised by DA Davidson from $265.00 to $300.00 in a research report released on Thursday morning,Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

Several other analysts also recently weighed in on the stock. Raymond James Financial boosted their price objective on shares of Dycom Industries from $215.00 to $255.00 and gave the stock a “strong-buy” rating in a research report on Thursday, May 22nd. UBS Group upped their price target on shares of Dycom Industries from $288.00 to $296.00 and gave the company a “buy” rating in a research report on Thursday. Zacks Research upgraded shares of Dycom Industries to a “hold” rating in a research report on Monday, August 11th. JPMorgan Chase & Co. upped their price target on shares of Dycom Industries from $250.00 to $275.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, B. Riley upped their price target on shares of Dycom Industries from $200.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $278.75.

Dycom Industries Trading Up 2.0%

Shares of DY stock opened at $262.4060 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.68 and a current ratio of 3.16. The stock has a market capitalization of $7.59 billion, a P/E ratio of 29.48, a price-to-earnings-growth ratio of 1.47 and a beta of 1.34. The company has a 50 day moving average price of $255.48 and a 200 day moving average price of $204.74. Dycom Industries has a fifty-two week low of $131.37 and a fifty-two week high of $285.64.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Wednesday, August 20th. The construction company reported $3.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $0.41. Dycom Industries had a net margin of 5.23% and a return on equity of 21.17%. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the previous year, the firm earned $2.46 earnings per share. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. Equities research analysts predict that Dycom Industries will post 7.13 EPS for the current fiscal year.

Hedge Funds Weigh In On Dycom Industries

A number of institutional investors and hedge funds have recently made changes to their positions in DY. Twin Peaks Wealth Advisors LLC acquired a new stake in Dycom Industries in the 2nd quarter valued at about $32,000. EverSource Wealth Advisors LLC grew its stake in Dycom Industries by 73.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock valued at $39,000 after acquiring an additional 68 shares during the last quarter. Versant Capital Management Inc acquired a new stake in Dycom Industries in the 1st quarter valued at about $28,000. AlphaQuest LLC acquired a new stake in Dycom Industries in the 1st quarter valued at about $37,000. Finally, GeoWealth Management LLC grew its stake in Dycom Industries by 35.9% in the 4th quarter. GeoWealth Management LLC now owns 348 shares of the construction company’s stock valued at $61,000 after acquiring an additional 92 shares during the last quarter. 98.33% of the stock is owned by institutional investors and hedge funds.

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.