Brokerages Set Dycom Industries, Inc. (NYSE:DY) Target Price at $554.92

Dycom Industries, Inc. (NYSE:DY) has been given a consensus recommendation of “Buy” by the thirteen analysts that are currently covering the company, MarketBeat.com 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 issued ratings on the stock in the last year is $554.9167.

Several equities research analysts have commented on the stock. KeyCorp upped their price objective on shares of Dycom Industries from $482.00 to $610.00 and gave the company an “overweight” rating in a report on Monday, June 1st. UBS Group reiterated a “buy” rating on shares of Dycom Industries in a research note on Friday, July 24th. Wedbush set a $654.00 price target on shares of Dycom Industries in a research report on Friday, May 29th. Weiss Ratings cut shares of Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, July 29th. Finally, B. Riley Financial raised their price objective on shares of Dycom Industries from $485.00 to $625.00 and gave the stock a “buy” rating in a report on Thursday, May 28th.

Hedge Funds Weigh In On Dycom Industries

A number of large investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in Dycom Industries by 265,593,055.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 23,903,384 shares of the construction company’s stock worth $8,076,953,000 after purchasing an additional 23,903,375 shares in the last quarter. Peconic Partners LLC boosted its stake in Dycom Industries by 2.8% in the 2nd quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock worth $933,038,000 after purchasing an additional 105,586 shares during the period. First Trust Advisors LP grew its holdings in Dycom Industries by 27.8% during the 1st quarter. First Trust Advisors LP now owns 798,699 shares of the construction company’s stock valued at $270,615,000 after buying an additional 173,528 shares in the last quarter. Geode Capital Management LLC grew its holdings in Dycom Industries by 8.0% during the 4th quarter. Geode Capital Management LLC now owns 727,238 shares of the construction company’s stock valued at $245,771,000 after buying an additional 53,993 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Dycom Industries by 24.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 558,519 shares of the construction company’s stock valued at $188,725,000 after buying an additional 110,065 shares during the period. 98.33% of the stock is owned by institutional investors.

Dycom Industries Stock Performance

NYSE:DY opened at $408.62 on Monday. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.58 and a quick ratio of 2.46. The business has a fifty day simple moving average of $448.60 and a two-hundred day simple moving average of $412.72. Dycom Industries has a 1 year low of $233.00 and a 1 year high of $566.47. The company has a market capitalization of $12.27 billion, a P/E ratio of 38.88, a P/E/G ratio of 0.73 and a beta of 1.54.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Wednesday, May 27th. The construction company reported $4.42 EPS for the quarter, beating analysts’ consensus estimates of $2.73 by $1.69. Dycom Industries had a return on equity of 24.13% and a net margin of 4.98%.The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the prior year, the firm earned $2.09 EPS. The business’s revenue for the quarter was up 56.1% compared to the same quarter last year. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. On average, analysts expect that Dycom Industries will post 15.45 earnings per share 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.