Dycom Industries (NYSE:DY) Price Target Raised to $370.00

Dycom Industries (NYSE:DY) had its price objective lifted by JPMorgan Chase & Co. from $275.00 to $370.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have an overweight rating on the construction company’s stock.

Several other equities analysts have also recently commented on the company. Wells Fargo & Company upped their price target on Dycom Industries from $315.00 to $360.00 and gave the company an “overweight” rating in a report on Thursday. Zacks Research upgraded Dycom Industries from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Bank of America lifted their price target on shares of Dycom Industries from $299.00 to $310.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. DA Davidson boosted their price target on shares of Dycom Industries from $300.00 to $390.00 and gave the company a “buy” rating in a report on Thursday. Finally, UBS Group raised their price objective on shares of Dycom Industries from $296.00 to $336.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Two analysts have rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, Dycom Industries has an average rating of “Buy” and a consensus price target of $371.25.

Dycom Industries Price Performance

Shares of Dycom Industries stock opened at $326.69 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.16 and a quick ratio of 2.96. The company has a market cap of $9.46 billion, a PE ratio of 36.71, a price-to-earnings-growth ratio of 1.38 and a beta of 1.23. The firm has a fifty day moving average price of $288.11 and a two-hundred day moving average price of $259.38. Dycom Industries has a fifty-two week low of $131.37 and a fifty-two week high of $350.87.

Dycom Industries (NYSE:DY) last announced its quarterly earnings data on Wednesday, November 19th. The construction company reported $3.63 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.48. Dycom Industries had a net margin of 5.23% and a return on equity of 21.17%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the prior year, the business earned $2.68 earnings per share. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. FY 2026 guidance at EPS. Analysts expect that Dycom Industries will post 7.13 EPS for the current year.

Institutional Investors Weigh In On Dycom Industries

Several large investors have recently made changes to their positions in the company. Root Financial Partners LLC acquired a new stake in shares of Dycom Industries during the 3rd quarter worth about $26,000. Optiver Holding B.V. increased its holdings in shares of Dycom Industries by 57.1% during the third quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock worth $32,000 after buying an additional 40 shares in the last quarter. CI Investments Inc. increased its holdings in shares of Dycom Industries by 259.4% during the third quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock worth $34,000 after buying an additional 83 shares in the last quarter. Salomon & Ludwin LLC bought a new position in shares of Dycom Industries in the third quarter valued at approximately $37,000. Finally, UMB Bank n.a. grew its position in Dycom Industries by 57.3% during the 3rd quarter. UMB Bank n.a. now owns 129 shares of the construction company’s stock worth $38,000 after acquiring an additional 47 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.