Dycom Industries (NYSE:DY) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Dycom Industries (NYSE:DY) had its price target raised by stock analysts at Wells Fargo & Company from $305.00 to $315.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the construction company’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 8.27% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. DA Davidson raised their price target on shares of Dycom Industries from $265.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, August 21st. Bank of America upped their price target on Dycom Industries from $299.00 to $310.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. UBS Group raised their price objective on Dycom Industries from $296.00 to $336.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Raymond James Financial increased their price target on Dycom Industries from $290.00 to $300.00 and gave the company a “strong-buy” rating in a research note on Thursday, August 21st. Finally, Wall Street Zen upgraded Dycom Industries from a “hold” rating to a “buy” rating in a research note on Friday, August 22nd. Two analysts have rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $302.63.

Dycom Industries Stock Up 2.9%

Shares of NYSE DY opened at $290.94 on Friday. Dycom Industries has a 1 year low of $131.37 and a 1 year high of $301.88. The firm has a 50-day simple moving average of $282.41 and a two-hundred day simple moving average of $254.64. The company has a market cap of $8.42 billion, a P/E ratio of 32.69, a PEG ratio of 1.38 and a beta of 1.23. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.16 and a quick ratio of 2.96.

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

Institutional Trading of Dycom Industries

Several large investors have recently bought and sold shares of the business. Bornite Capital Management LP purchased a new position in shares of Dycom Industries during the third quarter worth $43,764,000. Arrowstreet Capital Limited Partnership purchased a new position in Dycom Industries during the 2nd quarter valued at about $34,671,000. Nuveen LLC purchased a new stake in Dycom Industries during the first quarter worth about $21,451,000. Voya Investment Management LLC lifted its position in shares of Dycom Industries by 1,432.2% during the first quarter. Voya Investment Management LLC now owns 144,883 shares of the construction company’s stock worth $22,071,000 after purchasing an additional 135,427 shares in the last quarter. Finally, Hill City Capital LP boosted its stake in shares of Dycom Industries by 14.1% in the first quarter. Hill City Capital LP now owns 969,784 shares of the construction company’s stock valued at $147,737,000 after purchasing an additional 120,000 shares during the period. Hedge funds and other institutional investors own 98.33% of the company’s stock.

About Dycom Industries

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.