Dycom Industries (NYSE:DY) Given New $300.00 Price Target at Raymond James Financial

Dycom Industries (NYSE:DY) had its price target raised by Raymond James Financial from $290.00 to $300.00 in a report issued on Thursday morning,Benzinga reports. The firm currently has a strong-buy rating on the construction company’s stock.

A number of other analysts have also recently issued reports on the company. Wall Street Zen cut Dycom Industries from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. DA Davidson raised their price objective on Dycom Industries from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. raised their price objective on Dycom Industries from $250.00 to $275.00 and gave the company an “overweight” rating in a research report on Thursday. B. Riley raised their price objective on Dycom Industries from $200.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, May 23rd. Finally, KeyCorp raised their price objective on Dycom Industries from $255.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Dycom Industries currently has a consensus rating of “Buy” and a consensus target price of $278.75.

Dycom Industries Stock Up 2.0%

Shares of Dycom Industries stock opened at $262.4060 on Thursday. Dycom Industries has a 1 year low of $131.37 and a 1 year high of $285.64. The business has a 50-day moving average of $255.48 and a two-hundred day moving average of $204.74. The company 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 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 posted its quarterly earnings data 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. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.41 billion. Dycom Industries had a return on equity of 21.17% and a net margin of 5.23%.Dycom Industries’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period last year, the company earned $2.46 earnings per share. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. As a group, equities analysts predict that Dycom Industries will post 7.13 EPS for the current year.

Hedge Funds Weigh In On Dycom Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Peconic Partners LLC raised its holdings in shares of Dycom Industries by 2.8% during the 2nd quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock worth $933,038,000 after buying an additional 105,586 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Dycom Industries by 3.2% during the 1st quarter. Millennium Management LLC now owns 1,481,394 shares of the construction company’s stock worth $225,676,000 after buying an additional 45,562 shares in the last quarter. Hill City Capital LP raised its holdings in shares of Dycom Industries by 14.1% during the 1st quarter. Hill City Capital LP now owns 969,784 shares of the construction company’s stock worth $147,737,000 after buying an additional 120,000 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in shares of Dycom Industries by 851.6% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 475,637 shares of the construction company’s stock worth $72,459,000 after buying an additional 425,652 shares in the last quarter. Finally, Alyeska Investment Group L.P. acquired a new position in shares of Dycom Industries during the 4th quarter worth $80,584,000. 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.