Dycom Industries (NYSE:DY) Given New $296.00 Price Target at UBS Group

Dycom Industries (NYSE:DY) had its target price boosted by UBS Group from $288.00 to $296.00 in a research report released on Thursday morning,Benzinga reports. UBS Group currently has a buy rating on the construction company’s stock.

A number of other analysts have also recently weighed in on DY. B. Riley raised their price objective on Dycom Industries from $200.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, May 23rd. KeyCorp lifted their price target on Dycom Industries from $255.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. DA Davidson lifted their price target on Dycom Industries from $220.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, May 23rd. Wells Fargo & Company lifted their price target on Dycom Industries from $250.00 to $295.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Wall Street Zen cut Dycom Industries from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Dycom Industries presently has a consensus rating of “Buy” and a consensus price target of $278.75.

Dycom Industries Stock Up 2.0%

Dycom Industries stock opened at $262.4060 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.16 and a quick ratio of 2.68. The stock has a market capitalization of $7.59 billion, a price-to-earnings ratio of 29.48, a PEG 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 business has a fifty day moving average price of $255.48 and a 200-day moving average price of $204.74.

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

Hedge Funds Weigh In On Dycom Industries

Institutional investors and hedge funds have recently modified their holdings of the stock. Versant Capital Management Inc acquired a new position in shares of Dycom Industries in the 1st quarter valued at about $28,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Dycom Industries in the 2nd quarter valued at about $32,000. AlphaQuest LLC acquired a new position in shares of Dycom Industries in the 1st quarter valued at about $37,000. EverSource Wealth Advisors LLC lifted 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 valued at $39,000 after buying an additional 68 shares during the period. Finally, GeoWealth Management LLC lifted 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 valued at $61,000 after buying an additional 92 shares during the period. Institutional investors and hedge funds 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.