Dycom Industries (NYSE:DY) Given New $305.00 Price Target at Wells Fargo & Company

Dycom Industries (NYSE:DY) had its price objective raised by Wells Fargo & Company from $295.00 to $305.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an overweight rating on the construction company’s stock.

DY has been the topic of a number of other reports. Zacks Research upgraded Dycom Industries to a “hold” rating in a report on Monday, August 11th. Wall Street Zen upgraded Dycom Industries from a “hold” rating to a “buy” rating in a report on Friday, August 22nd. DA Davidson increased their price target on Dycom Industries from $265.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. Raymond James Financial increased their price target on Dycom Industries from $290.00 to $300.00 and gave the stock a “strong-buy” rating in a report on Thursday, August 21st. Finally, KeyCorp increased their price target on Dycom Industries from $255.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Dycom Industries currently has a consensus rating of “Buy” and an average price target of $290.86.

Dycom Industries Stock Performance

Shares of DY stock opened at $288.20 on Friday. The business’s 50 day simple moving average is $263.89 and its 200 day simple moving average is $220.72. Dycom Industries has a one year low of $131.37 and a one year high of $289.56. The stock has a market capitalization of $8.34 billion, a PE ratio of 32.38, a PEG ratio of 1.31 and a beta of 1.18. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.16 and a quick ratio of 2.96.

Dycom Industries (NYSE:DY) last announced its earnings results on Wednesday, August 20th. The construction company reported $3.33 EPS for the quarter, beating the consensus estimate of $2.92 by $0.41. Dycom Industries had a return on equity of 21.17% and a net margin of 5.23%.The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the prior year, the business posted $2.46 earnings per share. The firm’s 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. As a group, research analysts forecast that Dycom Industries will post 7.13 earnings per share for the current year.

Institutional Investors Weigh In On Dycom Industries

A number of institutional investors and hedge funds have recently bought and sold shares of DY. Versant Capital Management Inc purchased a new stake in Dycom Industries in the 1st quarter valued at $28,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Dycom Industries in the 2nd quarter valued at $32,000. AlphaQuest LLC purchased a new stake in Dycom Industries in the 1st quarter valued at $37,000. EverSource Wealth Advisors LLC increased its position in shares of Dycom Industries by 73.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock valued at $39,000 after purchasing an additional 68 shares during the last quarter. Finally, Caldwell Trust Co purchased a new stake in shares of Dycom Industries during the 2nd quarter valued at $61,000. 98.33% of the stock is owned by hedge funds and other 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.