Brokerages Set Dycom Industries, Inc. (NYSE:DY) Target Price at $259.00

Shares of Dycom Industries, Inc. (NYSE:DY) have been given an average recommendation of “Buy” by the eight ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $289.4286.

Several research firms have issued reports on DY. KeyCorp raised their target price on Dycom Industries from $255.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. DA Davidson raised their target price on Dycom Industries from $265.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday. B. Riley raised their target price on Dycom Industries from $200.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, May 23rd. Wall Street Zen raised Dycom Industries from a “hold” rating to a “buy” rating in a research note on Friday. Finally, UBS Group raised their target price on Dycom Industries from $288.00 to $296.00 and gave the stock a “buy” rating in a research note on Thursday.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Nomura Holdings Inc. purchased a new position in shares of Dycom Industries during the second quarter worth $699,000. Public Sector Pension Investment Board boosted its position in shares of Dycom Industries by 6.0% during the second quarter. Public Sector Pension Investment Board now owns 98,096 shares of the construction company’s stock worth $23,974,000 after buying an additional 5,529 shares during the period. FORA Capital LLC purchased a new position in shares of Dycom Industries during the second quarter worth $1,077,000. Evergreen Capital Management LLC boosted its position in shares of Dycom Industries by 17.3% during the second quarter. Evergreen Capital Management LLC now owns 1,542 shares of the construction company’s stock worth $377,000 after buying an additional 227 shares during the period. Finally, Headlands Technologies LLC purchased a new position in shares of Dycom Industries during the second quarter worth $175,000. 98.33% of the stock is currently owned by hedge funds and other institutional investors.

Dycom Industries Stock Performance

Shares of Dycom Industries stock opened at $257.80 on Monday. Dycom Industries has a one year low of $131.37 and a one year high of $285.64. The company has a market cap of $7.46 billion, a price-to-earnings ratio of 28.97, a PEG ratio of 1.50 and a beta of 1.34. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.68 and a current ratio of 3.16. The business’s 50 day moving average price is $255.98 and its 200 day moving average price is $205.23.

Dycom Industries (NYSE:DY) last posted its earnings results on Wednesday, August 20th. The construction company reported $3.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.41. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Dycom Industries had a return on equity of 21.17% and a net margin of 5.23%.The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.46 earnings per share. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. On average, research analysts predict that Dycom Industries will post 7.13 EPS for the current year.

Dycom Industries Company Profile

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.