Dycom Industries (NYSE:DY) Stock Price Expected to Rise, B. Riley Analyst Says

Dycom Industries (NYSE:DY) had its target price upped by equities research analysts at B. Riley from $320.00 to $420.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. B. Riley’s price objective suggests a potential upside of 28.56% from the stock’s current price. B. Riley also issued estimates for Dycom Industries’ FY2027 earnings at $11.87 EPS.

A number of other research firms also recently weighed in on DY. KeyCorp upped their target price on Dycom Industries from $320.00 to $392.00 and gave the stock an “overweight” rating in a research report on Friday. DA Davidson upped their price objective on Dycom Industries from $300.00 to $390.00 and gave the company a “buy” rating in a report on Thursday. Raymond James Financial lifted their target price on Dycom Industries from $290.00 to $300.00 and gave the stock a “strong-buy” rating in a report on Thursday, August 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Dycom Industries in a research report on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a research 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 company’s stock. According to MarketBeat.com, Dycom Industries has a consensus rating of “Buy” and a consensus target price of $371.25.

Dycom Industries Stock Performance

DY stock opened at $326.69 on Friday. The company has a 50-day simple moving average of $288.11 and a 200 day simple moving average of $259.38. The company has a market capitalization of $9.46 billion, a P/E ratio of 36.71, a PEG ratio of 1.38 and a beta of 1.23. 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 has a fifty-two week low of $131.37 and a fifty-two week high of $350.87.

Dycom Industries (NYSE:DY) last released its quarterly earnings results on Wednesday, November 19th. The construction company reported $3.63 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.48. The company had revenue of $1.45 billion for 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%. Dycom Industries’s revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.68 EPS. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. FY 2026 guidance at EPS. Sell-side analysts predict that Dycom Industries will post 7.13 earnings per share for the current fiscal year.

Institutional Trading of Dycom Industries

A number of hedge funds have recently bought and sold shares of DY. CIBC Bancorp USA Inc. purchased a new position in shares of Dycom Industries in the third quarter worth approximately $872,000. Danske Bank A S acquired a new position in Dycom Industries in the 3rd quarter worth approximately $88,000. Jacobs Levy Equity Management Inc. boosted its stake in Dycom Industries by 633.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 13,205 shares of the construction company’s stock worth $3,853,000 after purchasing an additional 11,404 shares during the period. Castleark Management LLC purchased a new position in Dycom Industries during the 3rd quarter worth approximately $8,760,000. Finally, CANADA LIFE ASSURANCE Co raised its stake in Dycom Industries by 1.2% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 27,663 shares of the construction company’s stock valued at $8,133,000 after purchasing an additional 315 shares during the period. 98.33% of the stock is owned by hedge funds and other institutional investors.

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.