Analysts Set Dycom Industries, Inc. (NYSE:DY) PT at $379.67

Dycom Industries, Inc. (NYSE:DY) has been assigned an average recommendation of “Buy” from the eleven brokerages that are presently covering the firm, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $379.6667.

A number of analysts recently commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Dycom Industries in a report on Wednesday, October 8th. KeyCorp lifted their target price on Dycom Industries from $320.00 to $392.00 and gave the stock an “overweight” rating in a research note on Friday, November 21st. Wall Street Zen raised shares of Dycom Industries from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 23rd. UBS Group raised their price objective on shares of Dycom Industries from $373.00 to $400.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Finally, Vertical Research assumed coverage on shares of Dycom Industries in a research note on Tuesday, December 23rd. They issued a “buy” rating and a $420.00 target price on the stock.

Insider Buying and Selling

In other Dycom Industries news, Director Eitan Gertel sold 3,645 shares of the stock in a transaction on Friday, January 9th. The stock was sold at an average price of $345.62, for a total transaction of $1,259,784.90. Following the completion of the transaction, the director directly owned 15,997 shares of the company’s stock, valued at approximately $5,528,883.14. This represents a 18.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.72% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Peconic Partners LLC raised 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 valued at $933,038,000 after acquiring an additional 105,586 shares during the period. Millennium Management LLC increased its stake in shares of Dycom Industries by 21.0% in the third quarter. Millennium Management LLC now owns 1,324,938 shares of the construction company’s stock worth $386,564,000 after purchasing an additional 229,579 shares in the last quarter. First Trust Advisors LP raised its position in shares of Dycom Industries by 6.8% in the third quarter. First Trust Advisors LP now owns 604,865 shares of the construction company’s stock valued at $176,475,000 after purchasing an additional 38,472 shares during the period. Nordea Investment Management AB lifted its stake in shares of 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 valued at $139,057,000 after buying an additional 398,469 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Dycom Industries by 15.2% during the 3rd quarter. Bank of America Corp DE now owns 354,225 shares of the construction company’s stock valued at $103,349,000 after buying an additional 46,680 shares in the last quarter. Hedge funds and other institutional investors own 98.33% of the company’s stock.

Dycom Industries Stock Up 1.7%

Dycom Industries stock opened at $371.78 on Thursday. Dycom Industries has a fifty-two week low of $131.37 and a fifty-two week high of $379.89. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.90 and a current ratio of 3.09. The firm’s 50-day simple moving average is $340.23 and its 200 day simple moving average is $294.78. The stock has a market cap of $10.77 billion, a PE ratio of 36.59, a price-to-earnings-growth ratio of 1.91 and a beta of 1.34.

Dycom Industries (NYSE:DY) last posted its quarterly earnings data on Wednesday, November 19th. The construction company reported $3.63 EPS for the quarter, beating the consensus estimate of $3.15 by $0.48. Dycom Industries had a net margin of 5.75% and a return on equity of 22.21%. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the business posted $2.68 EPS. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. Research analysts predict that Dycom Industries will post 7.13 EPS for the current fiscal year.

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.