UBS Group Raises Dycom Industries (NYSE:DY) Price Target to $373.00

Dycom Industries (NYSE:DY) had its target price boosted by UBS Group from $336.00 to $373.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. UBS Group’s price target indicates a potential upside of 14.18% from the stock’s previous close.

A number of other research analysts have also commented on DY. DA Davidson increased their price objective on Dycom Industries from $300.00 to $390.00 and gave the company a “buy” rating in a research report on Thursday. Bank of America raised their price target on Dycom Industries from $299.00 to $310.00 and gave the company a “buy” rating in a report on Monday, September 29th. Zacks Research raised Dycom Industries from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Wall Street Zen downgraded shares of Dycom Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 15th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Dycom Industries in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, Dycom Industries has a consensus rating of “Buy” and an average price target of $371.25.

Dycom Industries Stock Up 1.0%

Shares of NYSE:DY opened at $326.69 on Thursday. The company has a quick ratio of 2.96, a current ratio of 3.16 and a debt-to-equity ratio of 0.74. The firm has a market cap of $9.46 billion, a P/E ratio of 36.71, a P/E/G ratio of 1.38 and a beta of 1.23. Dycom Industries has a 12 month low of $131.37 and a 12 month high of $350.87. The company’s 50-day moving average price is $288.11 and its two-hundred day moving average price is $258.85.

Dycom Industries (NYSE:DY) last announced its earnings results on Wednesday, November 19th. The construction company reported $3.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.48. Dycom Industries had a net margin of 5.23% and a return on equity of 21.17%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the prior year, the business earned $2.68 earnings per share. Dycom Industries’s quarterly revenue was up 14.2% on a year-over-year basis. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. FY 2026 guidance at EPS. As a group, research analysts forecast that Dycom Industries will post 7.13 EPS for the current fiscal year.

Institutional Trading of Dycom Industries

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Millennium Management LLC boosted its stake in Dycom Industries by 21.0% during the 3rd quarter. Millennium Management LLC now owns 1,324,938 shares of the construction company’s stock worth $386,564,000 after acquiring an additional 229,579 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in Dycom Industries in the third quarter worth $44,553,000. Bornite Capital Management LP bought a new position in shares of Dycom Industries during the third quarter worth $43,764,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Dycom Industries in the 2nd quarter valued at $34,671,000. Finally, Nuveen LLC bought a new stake in shares of Dycom Industries in the 1st quarter valued at $21,451,000. 98.33% of the stock is owned by institutional investors.

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.