Brokerages Set Dycom Industries, Inc. (NYSE:DY) Price Target at $395.20

Dycom Industries, Inc. (NYSE:DY) has received a consensus rating of “Buy” from the twelve analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $395.20.

A number of equities analysts have commented on DY shares. JPMorgan Chase & Co. lifted their target price on shares of Dycom Industries from $370.00 to $395.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 4th. Bank of America upped their price objective on Dycom Industries from $310.00 to $365.00 and gave the company a “buy” rating in a report on Friday, November 21st. UBS Group raised their target price on Dycom Industries from $373.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Wall Street Zen upgraded Dycom Industries from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Finally, Guggenheim assumed coverage on Dycom Industries in a report on Thursday, January 22nd. They set a “buy” rating and a $510.00 price target for the company.

Insider Buying and Selling at Dycom Industries

In related news, Director Eitan Gertel sold 3,645 shares of the stock in a transaction that occurred on 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 completion of the transaction, the director owned 15,997 shares of the company’s stock, valued at approximately $5,528,883.14. This trade represents a 18.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.72% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new position in Dycom Industries during the 3rd quarter worth about $26,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Dycom Industries in the second quarter valued at approximately $32,000. Optiver Holding B.V. grew its holdings in shares of Dycom Industries by 57.1% in the third quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock valued at $32,000 after purchasing an additional 40 shares in the last quarter. Sound Income Strategies LLC purchased a new stake in Dycom Industries during the 4th quarter worth approximately $32,000. Finally, CI Investments Inc. lifted its holdings in Dycom Industries by 259.4% during the 3rd quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock worth $34,000 after buying an additional 83 shares in the last quarter. 98.33% of the stock is currently owned by institutional investors and hedge funds.

Dycom Industries Stock Performance

Shares of Dycom Industries stock opened at $427.35 on Monday. 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 business’s 50 day moving average price is $363.65 and its 200 day moving average price is $313.37. The company has a market cap of $12.38 billion, a price-to-earnings ratio of 42.06, a PEG ratio of 1.88 and a beta of 1.36. Dycom Industries has a one year low of $131.37 and a one year high of $445.52.

Dycom Industries (NYSE:DY) last issued 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. The business had revenue of $1.45 billion during 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 revenue for the quarter was up 14.2% on a year-over-year basis. During the same period last year, the company earned $2.68 EPS. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. On average, research analysts predict that Dycom Industries will post 7.13 EPS for the current 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.