Bank of America Issues Positive Forecast for Dycom Industries (NYSE:DY) Stock Price

Dycom Industries (NYSE:DY) had its price target lifted by Bank of America from $299.00 to $310.00 in a research note published on Monday,Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

DY has been the topic of a number of other reports. Zacks Research raised shares of Dycom Industries to a “hold” rating in a research note on Monday, August 11th. 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 report on Wednesday, July 16th. DA Davidson boosted their target price on Dycom Industries from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. Wells Fargo & Company raised their price target on Dycom Industries from $295.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, UBS Group lifted their price objective on Dycom Industries from $288.00 to $296.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. 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’s stock. Based on data from MarketBeat.com, Dycom Industries currently has an average rating of “Buy” and an average price target of $293.25.

Dycom Industries Price Performance

NYSE:DY opened at $294.21 on Monday. Dycom Industries has a 52 week low of $131.37 and a 52 week high of $294.59. The stock’s fifty day moving average is $264.64 and its two-hundred day moving average is $222.70. The company has a market capitalization of $8.52 billion, a P/E ratio of 33.06, a P/E/G ratio of 1.37 and a beta of 1.18. The company has a quick ratio of 2.96, a current ratio of 3.16 and a debt-to-equity ratio of 0.74.

Dycom Industries (NYSE:DY) last issued 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. Dycom Industries had a return on equity of 21.17% and a net margin of 5.23%.The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same period last year, the company earned $2.46 EPS. The company’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 analysts expect that Dycom Industries will post 7.13 EPS for the current year.

Institutional Trading of Dycom Industries

Hedge funds have recently modified their holdings of the stock. Versant Capital Management Inc acquired a new position in Dycom Industries during the 1st quarter worth $28,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Dycom Industries in the 2nd quarter valued at about $32,000. AlphaQuest LLC purchased a new position in shares of Dycom Industries in the 1st quarter valued at about $37,000. EverSource Wealth Advisors LLC grew its position in shares of Dycom Industries by 73.1% during the second quarter. EverSource Wealth Advisors LLC now owns 161 shares of the construction company’s stock worth $39,000 after buying an additional 68 shares in the last quarter. Finally, Caldwell Trust Co purchased a new stake in shares of Dycom Industries during the second quarter worth approximately $61,000. 98.33% of the stock is currently owned by institutional investors and hedge funds.

About Dycom Industries

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.