KeyCorp Boosts Dycom Industries (NYSE:DY) Price Target to $392.00

Dycom Industries (NYSE:DY) had its target price raised by research analysts at KeyCorp from $320.00 to $392.00 in a report issued on Friday, Marketbeat.com reports. The firm presently has an “overweight” rating on the construction company’s stock. KeyCorp’s price objective would suggest a potential upside of 19.99% from the stock’s current price.

Several other equities research analysts have also weighed in on DY. UBS Group increased their target price on Dycom Industries from $336.00 to $373.00 and gave the stock a “buy” rating in a research report on Thursday. DA Davidson upped their price target on shares of Dycom Industries from $300.00 to $390.00 and gave the stock a “buy” rating in a research report on Thursday. Bank of America increased their price objective on shares of Dycom Industries from $310.00 to $365.00 and gave the stock a “buy” rating in a report on Friday. JPMorgan Chase & Co. lifted their price objective on shares of Dycom Industries from $275.00 to $370.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Wall Street Zen cut shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 15th. Two equities research analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $371.25.

Dycom Industries Trading Up 1.0%

NYSE DY opened at $326.69 on Friday. 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 company has a market capitalization of $9.46 billion, a price-to-earnings ratio of 36.71, a price-to-earnings-growth ratio of 1.38 and a beta of 1.23. The company’s fifty day moving average price is $288.11 and its two-hundred day moving average price is $259.38.

Dycom Industries (NYSE:DY) last released its 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 return on equity of 21.17% and a net margin of 5.23%.Dycom Industries’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.68 EPS. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. FY 2026 guidance at EPS. As a group, research analysts predict that Dycom Industries will post 7.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Dycom Industries

A number of hedge funds and other institutional investors have recently modified their holdings of DY. AlTi Global Inc. lifted its stake in Dycom Industries by 20.7% in the 2nd quarter. AlTi Global Inc. now owns 13,097 shares of the construction company’s stock worth $3,201,000 after acquiring an additional 2,243 shares in the last quarter. Greenleaf Trust purchased a new position in Dycom Industries during the 2nd quarter valued at about $246,000. Cetera Investment Advisers acquired a new position in shares of Dycom Industries in the 1st quarter valued at about $387,000. Federated Hermes Inc. lifted its position in shares of Dycom Industries by 27.1% in the first quarter. Federated Hermes Inc. now owns 492 shares of the construction company’s stock worth $75,000 after purchasing an additional 105 shares in the last quarter. Finally, KLP Kapitalforvaltning AS lifted its position in shares of Dycom Industries by 8.5% in the second quarter. KLP Kapitalforvaltning AS now owns 6,400 shares of the construction company’s stock worth $1,564,000 after purchasing an additional 500 shares in the last quarter. 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.