Dycom Industries (NYSE:DY) Price Target Raised to $395.00

Dycom Industries (NYSE:DY) had its price objective hoisted by JPMorgan Chase & Co. from $370.00 to $395.00 in a research note released on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the construction company’s stock.

Several other equities analysts also recently weighed in on DY. DA Davidson increased their price target on shares of Dycom Industries from $300.00 to $390.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Vertical Research began coverage on shares of Dycom Industries in a report on Tuesday, December 23rd. They issued a “buy” rating and a $420.00 price objective on the stock. Guggenheim started coverage on shares of Dycom Industries in a report on Thursday, January 22nd. They set a “buy” rating and a $510.00 target price for the company. UBS Group boosted their target price on shares of Dycom Industries from $373.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Finally, B. Riley Financial increased their price target on Dycom Industries from $320.00 to $420.00 and gave the stock a “buy” rating in a research report on Friday, November 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $395.20.

Dycom Industries Price Performance

NYSE DY opened at $401.00 on Wednesday. The company has a market cap of $11.61 billion, a price-to-earnings ratio of 39.47, a PEG ratio of 1.44 and a beta of 1.36. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.09 and a quick ratio of 2.90. The stock’s fifty day moving average price is $356.91 and its 200 day moving average price is $307.22. Dycom Industries has a 1 year low of $131.37 and a 1 year high of $402.33.

Dycom Industries (NYSE:DY) last posted its quarterly earnings results on Wednesday, November 19th. The construction company reported $3.63 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.48. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.41 billion. Dycom Industries had a return on equity of 22.21% and a net margin of 5.75%.The company’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.68 EPS. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. As a group, equities research analysts forecast that Dycom Industries will post 7.13 earnings per share for the current year.

Insider Buying and Selling at Dycom Industries

In other news, Director Eitan Gertel sold 3,645 shares of the stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $345.62, for a total transaction of $1,259,784.90. Following the sale, the director directly owned 15,997 shares of the company’s stock, valued at $5,528,883.14. This represents a 18.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 3.72% of the company’s stock.

Hedge Funds Weigh In On Dycom Industries

A number of large investors have recently bought and sold shares of DY. EverSource Wealth Advisors LLC boosted its position in Dycom Industries by 17.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the construction company’s stock worth $69,000 after purchasing an additional 30 shares in the last quarter. New Millennium Group LLC acquired a new position in shares of Dycom Industries during the 4th quarter worth approximately $2,264,000. Americana Partners LLC purchased a new position in shares of Dycom Industries during the 4th quarter valued at approximately $230,000. Legato Capital Management LLC grew its stake in Dycom Industries by 45.7% in the 4th quarter. Legato Capital Management LLC now owns 5,450 shares of the construction company’s stock valued at $1,842,000 after acquiring an additional 1,710 shares during the period. Finally, Axxcess Wealth Management LLC purchased a new stake in Dycom Industries in the 4th quarter worth $2,332,000. Institutional investors and hedge funds own 98.33% of the company’s stock.

Dycom Industries Company Profile

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.