Dycom Industries (NYSE:DY) Price Target Raised to $415.00

Dycom Industries (NYSE:DY) had its price objective increased by JPMorgan Chase & Co. from $395.00 to $415.00 in a research report sent to investors on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the construction company’s stock.

DY has been the subject of a number of other reports. Weiss Ratings restated a “buy (b)” rating on shares of Dycom Industries in a research report on Wednesday, January 21st. Guggenheim initiated coverage on Dycom Industries in a research report on Thursday, January 22nd. They issued a “buy” rating and a $510.00 price objective on the stock. UBS Group boosted their target price on Dycom Industries from $373.00 to $400.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. KeyCorp upped their target price on Dycom Industries from $426.00 to $482.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Bank of America raised their price target on Dycom Industries from $365.00 to $475.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $431.20.

Dycom Industries Trading Down 3.4%

Shares of Dycom Industries stock opened at $357.34 on Thursday. The company’s 50-day moving average price is $382.34 and its 200-day moving average price is $327.71. The company has a current ratio of 2.74, a quick ratio of 2.90 and a debt-to-equity ratio of 1.51. Dycom Industries has a 12-month low of $131.37 and a 12-month high of $445.52. The company has a market cap of $10.35 billion, a price-to-earnings ratio of 37.22, a PEG ratio of 1.17 and a beta of 1.34.

Dycom Industries (NYSE:DY) last issued its quarterly earnings data on Wednesday, March 4th. The construction company reported $2.03 EPS for the quarter, beating the consensus estimate of $1.91 by $0.12. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Dycom Industries had a net margin of 5.07% and a return on equity of 21.77%. Dycom Industries’s revenue for the quarter was up 34.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.17 earnings per share. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. On average, equities analysts expect that Dycom Industries will post 7.13 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Hedge Funds Weigh In On Dycom Industries

Hedge funds and other institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Dycom Industries by 265,593,055.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 23,903,384 shares of the construction company’s stock valued at $8,076,953,000 after buying an additional 23,903,375 shares in the last quarter. Nordea Investment Management AB boosted its stake in Dycom Industries by 5,603.6% in the fourth quarter. Nordea Investment Management AB now owns 405,580 shares of the construction company’s stock worth $139,057,000 after buying an additional 398,469 shares in the last quarter. Millennium Management LLC grew its position in Dycom Industries by 21.0% during the third quarter. Millennium Management LLC now owns 1,324,938 shares of the construction company’s stock valued at $386,564,000 after acquiring an additional 229,579 shares during the last quarter. Alyeska Investment Group L.P. purchased a new position in shares of Dycom Industries during the third quarter worth approximately $44,553,000. Finally, Bornite Capital Management LP purchased a new position in shares of Dycom Industries during the third quarter worth approximately $43,764,000. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

Key Dycom Industries News

Here are the key news stories impacting Dycom Industries this week:

• Positive Sentiment: Multiple broker upgrades and higher targets — B. Riley raised its target to $485 (buy), KeyCorp raised its target to $482 (overweight) and JPMorgan boosted its target to $415 (overweight), signaling analyst conviction in continued growth upside. Benzinga
• Positive Sentiment: Q4 results topped expectations: Dycom reported record contract revenue, adjusted earnings and adjusted EBITDA above consensus, and reiterated a strong growth outlook in the earnings call — fundamental beats underpin the bullish analyst moves. Earnings Call Summary
• Neutral Sentiment: Brokerage consensus remains constructive but measured — services aggregators show a “Moderate Buy” consensus, reflecting optimism tempered by valuation and execution risk. Consensus Article
• Neutral Sentiment: Earnings materials and presentation released for Q4 provide additional detail on backlog, margins and guidance — useful for investors evaluating revenue mix and margin cadence. Earnings Presentation
• Negative Sentiment: Market reaction: some outlets note the stock moved lower despite the beats — suggesting profit-taking and short-term investor concern about near-term valuation after a recent run-up. Zacks

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.