Dycom Industries (NYSE:DY) Given New $336.00 Price Target at UBS Group

Dycom Industries (NYSE:DY) had its target price boosted by UBS Group from $296.00 to $336.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

Several other brokerages have also commented on DY. Bank of America upped their price target on Dycom Industries from $299.00 to $310.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Zacks Research upgraded Dycom Industries to a “hold” rating in a research note on Monday, August 11th. DA Davidson upped their price target on Dycom Industries from $265.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. KeyCorp upped their price target on Dycom Industries from $255.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Dycom Industries in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $298.25.

Dycom Industries Stock Performance

NYSE DY opened at $291.28 on Monday. The business’s 50-day moving average price is $269.79 and its 200 day moving average price is $231.93. Dycom Industries has a twelve month low of $131.37 and a twelve month high of $300.00. The company has a market capitalization of $8.43 billion, a PE ratio of 32.73, a price-to-earnings-growth ratio of 1.36 and a beta of 1.15. The company has a current ratio of 3.16, a quick ratio of 2.96 and a debt-to-equity ratio of 0.74.

Dycom Industries (NYSE:DY) last released its 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. The firm had revenue of $1.38 billion for 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%.The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.46 earnings per share. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. On average, research analysts predict that Dycom Industries will post 7.13 earnings per share for the current year.

Institutional Investors Weigh In On Dycom Industries

A number of large investors have recently modified their holdings of DY. KBC Group NV grew its stake in Dycom Industries by 18.9% during the 1st quarter. KBC Group NV now owns 1,443 shares of the construction company’s stock valued at $220,000 after purchasing an additional 229 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Dycom Industries during the 1st quarter valued at approximately $342,000. Federated Hermes Inc. grew its stake in Dycom Industries by 27.1% during the 1st quarter. Federated Hermes Inc. now owns 492 shares of the construction company’s stock valued at $75,000 after purchasing an additional 105 shares in the last quarter. Cetera Investment Advisers acquired a new stake in Dycom Industries during the 1st quarter valued at approximately $387,000. Finally, Greenleaf Trust acquired a new stake in Dycom Industries during the 2nd quarter valued at approximately $246,000. 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.