Dycom Industries (NYSE:DY) Price Target Raised to $310.00

Dycom Industries (NYSE:DY) had its price objective raised by Bank of America from $299.00 to $310.00 in a research report report published on Monday,Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

A number of other equities analysts have also recently commented on the stock. Raymond James Financial lifted their price objective on shares of Dycom Industries from $290.00 to $300.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 21st. DA Davidson lifted their price target on Dycom Industries from $265.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. Zacks Research upgraded Dycom Industries to a “hold” rating in a research note on Monday, August 11th. JPMorgan Chase & Co. increased their price objective on Dycom Industries from $250.00 to $275.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Finally, UBS Group boosted their target price on shares of Dycom Industries from $288.00 to $296.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $293.25.

Dycom Industries Price Performance

Shares of NYSE DY opened at $291.85 on Monday. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.16 and a quick ratio of 2.96. The business has a 50-day moving average of $266.03 and a 200-day moving average of $223.66. The stock has a market capitalization of $8.45 billion, a price-to-earnings ratio of 32.79, a PEG ratio of 1.39 and a beta of 1.15. Dycom Industries has a fifty-two week low of $131.37 and a fifty-two week high of $300.00.

Dycom Industries (NYSE:DY) last issued its quarterly earnings results on Wednesday, August 20th. The construction company reported $3.33 EPS for the quarter, beating the consensus estimate of $2.92 by $0.41. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Dycom Industries had a return on equity of 21.17% and a net margin of 5.23%.The business’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.46 earnings per share. Dycom Industries has set its FY 2026 guidance at EPS. Q3 2026 guidance at 3.030-3.36 EPS. As a group, sell-side analysts predict that Dycom Industries will post 7.13 earnings per share for the current fiscal year.

Institutional Trading of Dycom Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DY. Peconic Partners LLC boosted its holdings in Dycom Industries by 2.8% in the second quarter. Peconic Partners LLC now owns 3,817,825 shares of the construction company’s stock worth $933,038,000 after acquiring an additional 105,586 shares in the last quarter. Millennium Management LLC raised its position in shares of Dycom Industries by 3.2% during the first quarter. Millennium Management LLC now owns 1,481,394 shares of the construction company’s stock worth $225,676,000 after purchasing an additional 45,562 shares during the period. Hill City Capital LP raised its position in shares of Dycom Industries by 14.1% during the first quarter. Hill City Capital LP now owns 969,784 shares of the construction company’s stock worth $147,737,000 after purchasing an additional 120,000 shares during the period. OVERSEA CHINESE BANKING Corp Ltd grew its position in Dycom Industries by 851.6% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 475,637 shares of the construction company’s stock valued at $72,459,000 after purchasing an additional 425,652 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in Dycom Industries by 327.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 399,226 shares of the construction company’s stock valued at $60,818,000 after purchasing an additional 305,755 shares during the period. 98.33% of the stock is owned by institutional investors.

Dycom Industries Company Profile

Dycom Industries, Inc provides specialty contracting services to the telecommunications infrastructure and utility industries in the United States. The company offers engineering services to telecommunications providers, including the planning and design of aerial, underground, and buried fiber optic, copper, and coaxial cable systems; wireless networks in connection with the deployment of macro cell and new small cell sites; and program and project management and inspection personnel.