Dycom Industries (NYSE:DY) Price Target Raised to $650.00

Posted by Geri Gentry on May 28th, 2026

Dycom Industries (NYSE:DY – Get Free Report) had its price objective increased by stock analysts at Wells Fargo & Company from $500.00 to $650.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the construction company’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 23.14% from the stock’s previous close.

A number of other research analysts have also commented on DY. KeyCorp upped their target price on Dycom Industries from $426.00 to $482.00 and gave the company an “overweight” rating in a research note on Thursday, March 5th. B. Riley Financial boosted their target price on Dycom Industries from $420.00 to $485.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Weiss Ratings lowered shares of Dycom Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. Bank of America lifted their target price on Dycom Industries from $365.00 to $475.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Dycom Industries from $395.00 to $415.00 and gave the company an “overweight” rating in a report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Dycom Industries has a consensus rating of “Buy” and a consensus target price of $480.73.

View Our Latest Stock Report on Dycom Industries

Dycom Industries Stock Performance

Shares of NYSE DY traded down $1.27 during trading hours on Thursday, hitting $527.86. 181,982 shares of the company’s stock were exchanged, compared to its average volume of 416,864. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.74 and a quick ratio of 2.61. The company’s 50-day moving average price is $395.39 and its 200-day moving average price is $373.96. The stock has a market capitalization of $15.85 billion, a price-to-earnings ratio of 55.55, a PEG ratio of 0.97 and a beta of 1.46. Dycom Industries has a 1-year low of $225.34 and a 1-year high of $566.47.

Dycom Industries (NYSE:DY – Get Free Report) last posted its quarterly earnings data on Wednesday, May 27th. The construction company reported $4.42 earnings per share for the quarter, beating the consensus estimate of $2.73 by $1.69. The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Dycom Industries had a return on equity of 21.77% and a net margin of 5.07%.Dycom Industries’s revenue for the quarter was up 56.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.09 earnings per share. Dycom Industries has set its Q2 2027 guidance at 4.400-4.820 EPS. On average, sell-side analysts expect that Dycom Industries will post 12.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Dycom Industries

Several hedge funds have recently modified their holdings of DY. Root Financial Partners LLC bought a new position in Dycom Industries in the third quarter valued at approximately $26,000. Kemnay Advisory Services Inc. acquired a new position in shares of Dycom Industries in the fourth quarter valued at approximately $30,000. Optiver Holding B.V. grew its holdings in Dycom Industries by 57.1% in the 3rd quarter. Optiver Holding B.V. now owns 110 shares of the construction company’s stock valued at $32,000 after buying an additional 40 shares in the last quarter. Sound Income Strategies LLC bought a new position in Dycom Industries during the fourth quarter worth about $32,000. Finally, CI Investments Inc. increased its holdings in shares of Dycom Industries by 259.4% during the third quarter. CI Investments Inc. now owns 115 shares of the construction company’s stock worth $34,000 after purchasing an additional 83 shares during the period. Institutional investors own 98.33% of the company’s stock.

Key Headlines Impacting Dycom Industries

Here are the key news stories impacting Dycom Industries this week:

Positive Sentiment: Dycom reported record first-quarter contract revenue of $1.965 billion, up 56.1% year over year, and adjusted EPS of $4.42, far above Wall Street expectations of $2.73. Article Title
Positive Sentiment: The company lifted its fiscal 2027 outlook, with full-year contract revenue guidance now at $7.38 billion to $7.65 billion and Q2 revenue guidance also above consensus, signaling continued momentum. Article Title
Positive Sentiment: Backlog reached a record $11.906 billion, up 46.5%, which points to strong future revenue visibility and sustained demand from telecom/network buildouts. Article Title
Positive Sentiment: Dycom also announced a deal to acquire National Technology Integrators, expanding its exposure to the high-growth data center infrastructure market, which investors viewed favorably. Article Title
Neutral Sentiment: The company is also participating in upcoming institutional investor events, which is a routine investor-relations update and not a major standalone catalyst. Article Title

About Dycom Industries

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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.