Dycom Industries (NYSE:DY) Given New $320.00 Price Target at KeyCorp

Dycom Industries (NYSE:DY) had its price target lifted by KeyCorp from $306.00 to $320.00 in a report published on Monday,Benzinga reports. KeyCorp currently has an overweight rating on the construction company’s stock.

DY has been the topic of several other reports. UBS Group raised their price target on Dycom Industries from $296.00 to $336.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Dycom Industries in a research note on Wednesday, October 8th. Bank of America increased their target price on shares of Dycom Industries from $299.00 to $310.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Wall Street Zen upgraded shares of Dycom Industries from a “hold” rating to a “buy” rating in a research note on Friday, August 22nd. Finally, DA Davidson increased their target price on shares of Dycom Industries from $265.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. Based on data from MarketBeat.com, Dycom Industries currently has a consensus rating of “Buy” and an average target price of $301.38.

Dycom Industries Trading Up 1.2%

Shares of NYSE:DY opened at $296.07 on Monday. The company has a market cap of $8.57 billion, a P/E ratio of 33.27, a P/E/G ratio of 1.40 and a beta of 1.15. The stock’s 50-day moving average is $271.93 and its 200-day moving average is $236.99. Dycom Industries has a 52-week low of $131.37 and a 52-week high of $301.88. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.96 and a current ratio of 3.16.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Wednesday, August 20th. The construction company reported $3.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.41. The company 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 was up 14.5% compared to the same quarter last year. During the same period last 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. Equities research analysts predict that Dycom Industries will post 7.13 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Twin Peaks Wealth Advisors LLC bought a new position in Dycom Industries during the second quarter worth about $32,000. EverSource Wealth Advisors LLC lifted its stake in 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 purchasing an additional 68 shares during the period. AlphaQuest LLC bought a new position in Dycom Industries during the first quarter worth about $37,000. Caldwell Trust Co bought a new position in Dycom Industries during the second quarter worth about $61,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of Dycom Industries by 25.0% in the second quarter. Smartleaf Asset Management LLC now owns 485 shares of the construction company’s stock valued at $119,000 after acquiring an additional 97 shares during the last quarter. Institutional investors 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.