Dycom Industries (NYSE:DY) Price Target Raised to $485.00

Dycom Industries (NYSE:DY) had its price target hoisted by B. Riley Financial from $420.00 to $485.00 in a research report released on Thursday,Benzinga reports. B. Riley Financial currently has a buy rating on the construction company’s stock.

A number of other brokerages have also recently issued reports on DY. Wall Street Zen raised Dycom Industries from a “buy” rating to a “strong-buy” rating in a report on Sunday, February 15th. Wells Fargo & Company boosted their price target on Dycom Industries from $315.00 to $360.00 and gave the company an “overweight” rating in a research note on Thursday, November 20th. DA Davidson increased their price objective on Dycom Industries from $300.00 to $390.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Dycom Industries in a research note on Wednesday, January 21st. Finally, KeyCorp lifted their price objective on Dycom Industries from $426.00 to $482.00 and gave the company an “overweight” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $431.20.

Dycom Industries Stock Performance

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

Dycom Industries (NYSE:DY) last announced its quarterly earnings results on Wednesday, March 4th. The construction company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.12. The firm 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%. The company’s revenue for the quarter was up 34.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.17 earnings per share. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. As a group, research analysts forecast that Dycom Industries will post 7.13 earnings per share for the current fiscal year.

Insider Activity at Dycom Industries

In other news, Director Eitan Gertel sold 3,645 shares of the business’s stock in a transaction that occurred 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 directly owned 15,997 shares of the company’s stock, valued at $5,528,883.14. The trade was a 18.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.72% of the stock is owned by insiders.

Hedge Funds Weigh In On Dycom Industries

Several institutional investors have recently bought and sold shares of DY. Sound Income Strategies LLC bought a new stake in shares of Dycom Industries during the fourth quarter worth $32,000. Root Financial Partners LLC bought a new position in shares of Dycom Industries in the third quarter valued at about $26,000. Kemnay Advisory Services Inc. bought a new position in shares of Dycom Industries in the fourth quarter valued at about $30,000. Acumen Wealth Advisors LLC acquired a new position in Dycom Industries during the 4th quarter worth about $35,000. Finally, Optiver Holding B.V. lifted its position in 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 buying an additional 40 shares in the last quarter. Institutional investors own 98.33% of the company’s stock.

Trending Headlines about Dycom Industries

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

About Dycom Industries

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.