Dycom Industries (NYSE:DY) Given New $275.00 Price Target at JPMorgan Chase & Co.

Dycom Industries (NYSE:DY) had its price objective increased by JPMorgan Chase & Co. from $250.00 to $275.00 in a report published on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the construction company’s stock.

A number of other research analysts have also recently weighed in on DY. B. Riley lifted their target price on shares of Dycom Industries from $200.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, May 23rd. UBS Group lifted their target price on shares of Dycom Industries from $288.00 to $296.00 and gave the company a “buy” rating in a research note on Thursday. Zacks Research upgraded shares of Dycom Industries to a “hold” rating in a research note on Monday, August 11th. Raymond James Financial lifted their target price on shares of Dycom Industries from $215.00 to $255.00 and gave the company a “strong-buy” rating in a research note on Thursday, May 22nd. Finally, KeyCorp lifted their target price on shares of Dycom Industries from $255.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $278.75.

Dycom Industries Trading Up 2.0%

Shares of Dycom Industries stock opened at $262.4060 on Thursday. The company’s fifty day simple moving average is $255.48 and its 200-day simple moving average is $204.74. The stock has a market capitalization of $7.59 billion, a PE ratio of 29.48, a P/E/G ratio of 1.47 and a beta of 1.34. Dycom Industries has a 1-year low of $131.37 and a 1-year high of $285.64. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.16 and a quick ratio of 2.68.

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

Institutional Trading of Dycom Industries

Institutional investors and hedge funds have recently bought and sold shares of the stock. Versant Capital Management Inc bought a new stake in Dycom Industries in the 1st quarter valued at $28,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Dycom Industries in the 2nd quarter worth about $32,000. AlphaQuest LLC bought a new stake in shares of Dycom Industries in the 1st quarter worth about $37,000. EverSource Wealth Advisors LLC increased its holdings in shares of Dycom Industries by 73.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock worth $39,000 after buying an additional 68 shares during the last quarter. Finally, GeoWealth Management LLC increased its holdings in shares of Dycom Industries by 35.9% in the 4th quarter. GeoWealth Management LLC now owns 348 shares of the construction company’s stock worth $61,000 after buying an additional 92 shares during the last quarter. 98.33% of the stock is currently owned by 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.