Dycom Industries (NYSE:DY) Price Target Raised to $400.00 at UBS Group

Dycom Industries (NYSE:DY) had its price objective lifted by UBS Group from $373.00 to $400.00 in a research report report published on Monday,Benzinga reports. UBS Group currently has a buy rating on the construction company’s stock.

A number of other research firms also recently issued reports on DY. KeyCorp increased their target price on shares of Dycom Industries from $320.00 to $392.00 and gave the stock an “overweight” rating in a research report on Friday, November 21st. Zacks Research raised shares of Dycom Industries from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. B. Riley lifted their price objective on Dycom Industries from $320.00 to $420.00 and gave the company a “buy” rating in a research report on Friday, November 21st. Bank of America boosted their target price on Dycom Industries from $310.00 to $365.00 and gave the company a “buy” rating in a research note on Friday, November 21st. Finally, Vertical Research started coverage on Dycom Industries in a research note on Tuesday, December 23rd. They set a “buy” rating and a $420.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $379.67.

Dycom Industries Stock Up 2.3%

Shares of Dycom Industries stock opened at $346.74 on Monday. Dycom Industries has a 1 year low of $131.37 and a 1 year high of $366.65. The company has a market cap of $10.04 billion, a P/E ratio of 34.13, a P/E/G ratio of 1.74 and a beta of 1.34. The company has a current ratio of 3.09, a quick ratio of 2.90 and a debt-to-equity ratio of 0.62. The stock has a 50-day moving average price of $334.11 and a 200 day moving average price of $291.83.

Dycom Industries (NYSE:DY) last released its earnings results on Wednesday, November 19th. The construction company reported $3.63 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.48. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Dycom Industries had a return on equity of 22.21% and a net margin of 5.75%.The business’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.68 EPS. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. As a group, analysts expect that Dycom Industries will post 7.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other Dycom Industries news, Director Eitan Gertel sold 3,645 shares of the firm’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $345.62, for a total transaction of $1,259,784.90. Following the transaction, the director directly owned 15,997 shares in the company, valued at $5,528,883.14. This trade represents a 18.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.72% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Root Financial Partners LLC bought a new stake in Dycom Industries during the third quarter valued at about $26,000. Optiver Holding B.V. lifted its position in shares of Dycom Industries by 57.1% during 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. lifted its position in shares of Dycom Industries by 259.4% during 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. Salomon & Ludwin LLC bought a new stake in Dycom Industries during the 3rd quarter valued at approximately $37,000. Finally, UMB Bank n.a. grew its holdings in Dycom Industries by 57.3% in the 3rd quarter. UMB Bank n.a. now owns 129 shares of the construction company’s stock valued at $38,000 after buying 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 (NYSE: DY) is a leading provider of specialty contracting services to the telecommunications industry in North America. The company delivers engineering, construction, installation and maintenance solutions for communications infrastructure, supporting a broad range of network technologies and system architectures. Dycom’s services span outside plant construction, cable placement, fiber optic deployment, wireless and wireline network engineering, as well as testing and turn-up services for voice, data and video applications.

Dycom’s customer base includes major telecommunications carriers, cable operators, utility companies and competitive local exchange carriers.