Cantor Fitzgerald Reiterates Overweight Rating for Dycom Industries (NYSE:DY)

Dycom Industries (NYSE:DY)‘s stock had its “overweight” rating reissued by analysts at Cantor Fitzgerald in a note issued to investors on Friday,Benzinga reports. They currently have a $436.00 price objective on the construction company’s stock. Cantor Fitzgerald’s price objective points to a potential upside of 27.37% from the stock’s previous close.

A number of other research analysts have also recently commented on DY. JPMorgan Chase & Co. upped their target price on shares of Dycom Industries from $395.00 to $415.00 and gave the company an “overweight” rating in a research report on Thursday, March 5th. B. Riley Financial lifted their price target on shares of Dycom Industries from $420.00 to $485.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. UBS Group set a $475.00 price target on shares of Dycom Industries and gave the company a “buy” rating in a research note on Friday, March 6th. Weiss Ratings restated a “buy (b)” rating on shares of Dycom Industries in a report on Wednesday, January 21st. Finally, Zacks Research downgraded shares of Dycom Industries from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $431.64.

Dycom Industries Price Performance

Shares of Dycom Industries stock opened at $342.32 on Friday. The stock has a market capitalization of $10.26 billion, a P/E ratio of 35.66, a PEG ratio of 0.79 and a beta of 1.34. The business has a 50 day simple moving average of $383.45 and a two-hundred day simple moving average of $338.08. Dycom Industries has a 12 month low of $131.37 and a 12 month high of $445.52. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.74 and a quick ratio of 2.61.

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

Insider Transactions at Dycom Industries

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. boosted its position in Dycom Industries by 265,593,055.6% in 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 during the period. Nordea Investment Management AB increased its position in shares of Dycom Industries by 5,603.6% during the fourth quarter. Nordea Investment Management AB now owns 405,580 shares of the construction company’s stock worth $139,057,000 after acquiring an additional 398,469 shares during the period. Millennium Management LLC raised its stake in shares of Dycom Industries by 21.0% in 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 in the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Dycom Industries in the third quarter valued at $44,553,000. Finally, Bornite Capital Management LP purchased a new position in Dycom Industries in the third quarter valued at $43,764,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries News Roundup

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

• Positive Sentiment: Cantor Fitzgerald reaffirmed an “overweight” rating and set a $436 price target (roughly a mid‑teens/20‑30% upside from recent levels), which likely supported the intraday uptick. Benzinga
• Positive Sentiment: Zacks Research raised several quarter-specific EPS forecasts (examples: Q4 2027 to $2.48 from $2.05; Q1 2028 to $2.86 from $2.72; Q4 2028 to $2.84 from $2.54) — these near-term upward revisions could be viewed as bright spots for upcoming quarters. MarketBeat: Zacks note
• Neutral Sentiment: Zacks published longer‑range estimates (FY2028: $14.51; FY2029: $16.61). These raise longer‑term expectations but are secondary to near‑term guidance and the firm’s current rating. MarketBeat: Zacks note
• Negative Sentiment: Zacks cut multiple near-term estimates and reduced FY2027 and FY2028 EPS outlooks (FY2027 to $12.76 from $13.21; FY2028 to $14.51 from $14.63) and lowered Q1–Q3 2027 and parts of 2028 forecasts — and maintained a “Strong Sell” rating, which is a meaningful negative signal for sentiment. MarketBeat: Zacks note

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.