Dycom Industries (NYSE:DY) Price Target Raised to $373.00

Dycom Industries (NYSE:DY) had its price objective raised by UBS Group from $336.00 to $373.00 in a research note released on Thursday morning,Benzinga reports. UBS Group currently has a buy rating on the construction company’s stock.

A number of other research firms have also issued reports on DY. Weiss Ratings reissued a “buy (b)” rating on shares of Dycom Industries in a research note on Wednesday, October 8th. Bank of America boosted their price objective on Dycom Industries from $299.00 to $310.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. JPMorgan Chase & Co. raised their target price on Dycom Industries from $275.00 to $370.00 and gave the company an “overweight” rating in a research report on Thursday. DA Davidson boosted their price target on Dycom Industries from $300.00 to $390.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Wall Street Zen lowered Dycom Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 15th. Two 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, the stock presently has a consensus rating of “Buy” and an average target price of $371.25.

Dycom Industries Price Performance

Shares of DY opened at $326.69 on Thursday. Dycom Industries has a 12 month low of $131.37 and a 12 month high of $350.87. 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 stock has a fifty day moving average price of $288.11 and a 200 day moving average price of $259.38. The company has a market cap of $9.46 billion, a P/E ratio of 36.71, a PEG ratio of 1.38 and a beta of 1.23.

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

Institutional Trading of Dycom Industries

Several institutional investors have recently modified their holdings of the company. Root Financial Partners LLC acquired a new position in Dycom Industries during the third quarter worth about $26,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Dycom Industries during the 2nd quarter valued at about $32,000. Optiver Holding B.V. grew its stake in shares of Dycom Industries by 57.1% in the 3rd quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock worth $32,000 after purchasing an additional 40 shares during the last quarter. CI Investments Inc. grew its stake in shares of Dycom Industries by 259.4% in the 3rd quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock worth $34,000 after purchasing an additional 83 shares during the last quarter. Finally, AlphaQuest LLC bought a new stake in shares of Dycom Industries in the 1st quarter worth approximately $37,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

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.