Brokerages Set Dycom Industries, Inc. (NYSE:DY) Target Price at $431.64

Shares of Dycom Industries, Inc. (NYSE:DY) have been given an average rating of “Buy” by the thirteen ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $431.6364.

DY has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on Dycom Industries from $395.00 to $415.00 and gave the company an “overweight” rating in a research report on Thursday, March 5th. Wall Street Zen lowered Dycom Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 7th. Zacks Research upgraded Dycom Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. B. Riley Financial increased their price target on Dycom Industries from $420.00 to $485.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Finally, KeyCorp increased their price target on Dycom Industries from $426.00 to $482.00 and gave the company an “overweight” rating in a research report on Thursday, March 5th.

Institutional Investors Weigh In On Dycom Industries

Institutional investors have recently bought and sold shares of the business. Nordea Investment Management AB boosted its position in Dycom Industries by 5,603.6% during the 4th 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. Wilson Asset Management International PTY Ltd. acquired a new stake in Dycom Industries during the 4th quarter worth about $1,014,000. New York Life Investment Management LLC acquired a new stake in Dycom Industries during the 3rd quarter worth about $830,000. American Century Companies Inc. boosted its position in Dycom Industries by 58.4% during the 3rd quarter. American Century Companies Inc. now owns 97,801 shares of the construction company’s stock worth $28,534,000 after acquiring an additional 36,074 shares during the period. Finally, 12th Street Asset Management Company LLC boosted its position in Dycom Industries by 48.9% during the 3rd quarter. 12th Street Asset Management Company LLC now owns 67,238 shares of the construction company’s stock worth $19,617,000 after acquiring an additional 22,077 shares during the period. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Dycom Industries Price Performance

Shares of DY opened at $421.68 on Wednesday. The firm has a market capitalization of $12.66 billion, a price-to-earnings ratio of 43.93, a price-to-earnings-growth ratio of 0.94 and a beta of 1.46. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.61 and a current ratio of 2.74. Dycom Industries has a one year low of $223.19 and a one year high of $464.82. The stock’s fifty day moving average is $392.07 and its 200-day moving average is $372.25.

Dycom Industries (NYSE:DY) last announced its earnings results on Wednesday, March 4th. The construction company reported $2.03 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter last year, the business posted $1.17 earnings per share. The company’s quarterly revenue was up 34.4% on a year-over-year basis. Dycom Industries has set its Q1 2027 guidance at 2.570-2.90 EPS. Equities analysts anticipate that Dycom Industries will post 12.89 EPS for the current year.

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.